Friday, December 14, 2012

It's a Mad Mad Mad Mad World

My prayers are with those who lost their loved ones in the unimaginable tragedy of Newtown, CT




Thursday, December 13, 2012

Wednesday, December 12, 2012

It is not the end of the world..




Was browsing through charts and turned to my long time favorite time frame - 3 days, sometimes you can see quite interesting things.

We might be just about to correct and go below of November's lows ... I'll be short starting next week.



Closed long RIMM position at almost 50% profit ( Thank you to Karl Denninger - he ignited my interest to that trade )

Watching Natural Gas ... watching ... watching ... seasonal move is not really what I want to catch ... watching for something bigger...

Thursday, November 15, 2012

Areas to watch for support on SPX and long live UNG

1300 and if it breaks - then 1270 - both are TD Support lines

I am slightly short, unfortunately I was really tied up with my other initiatives and do not have any sizable short position.

As for long positions - I think it has come the time for Natural Gas to start making widows on the way up



Tuesday, October 02, 2012


Was browsing net few days ago, stumbled upon Karl Denninger’s blog where he was talking about (RIMM) not being as much of a dead meat it was last 2 years. Decided to take a look and – TD supports that theory, at least on the lower timeframes. Though I missed daily signal already.

Break of TDResistance line might result in higher move. Especially from this base




Monday, July 16, 2012


Sorry for my complete absence last few weeks – my Mother was terminally ill for a while and finally passed away this Sunday. I will resume postings as soon as possible

Sunday, June 03, 2012

Downtrend continues

TDSetupBuy on weekly is on its merry way, I am cautiously short – can SPX make it all the way down to 1280 support? I truly doubt that and have quite loose stops on short positions.




on daily chart positive divergence between price lows and RSI grows – change of trend coming? I think it is too early to say – will have to wait at least till mid week to see where it is going


Sunday, May 13, 2012

Dead calm on the market

WP_000006 (1)

As we grow older ( shall I say “OLD” leaving out that compromising “er” part that is inserted by old farts who are afraid of death) we learn to appreciate finer things in life and gradually come to understanding that some of the finest things are free.  While market doing its “nottin” thing I am enjoying view from my balcony of Hull’s Nantasket Beach, doing my regular double track on the wet sand (boardwalk is said to be over 1 mile long, so for the old-er fart  like me 4 miles is not such a bad daily deal )



Speaking of market’s nottin – SPX has lost about 60 points since my last lazy post on March 27th and did it in such a boring way that only people who sell options and collect time decay could be fascinated by that “move” – for me it is as exciting as watching flies f** … make love (Thank you George!)


Weekly chart (SPX)




And daily of course – 1340 is TDST support – watch for bounce – protect short profits for now.



Word of caution to short side players – if you look at daily wave you will see that W2 retraced almost 75% – be warned that W4 ( if that is where we are at now) might be very shallow – 25-30% might just doo it – I might even start looking at long positions soon.


P.S. If you noticed URL has changed to – not sure if you have to redirect or do nothing. Just make a note of it, please.

Tuesday, March 27, 2012

Correction time?

Since my last post as of February 29th SPX added around 30+ points which can be classified at dead calm in any trader’s book, but now market is nearing what might be correctional wave 4 of wave up daily. I am setting my stops at –10 SPX points and will be looking for re-entry on the long side later on (few weeks at least). Meanwhile I might be trading small positions on downside, but wave 4 is notoriously famous for being difficult to trade, so I might just take it easy … if it is possible to take it any easier :)




Wednesday, February 29, 2012

Curious case of homebuilders (XHB)

What a piece of work is a man, how noble in reason, how
infinite in faculties, in form and moving how express and
admirable, in action how like an angel, in apprehension how like
a god! the beauty of the world, the paragon of animals—and yet,
to me, what is this quintessence of dust? Man delights not me—
nor woman neither, though by your smiling you seem to say so.

My lord, there was no such stuff in my thoughts

[So much for the change of commas order …]


People who have been patiently waiting for the Universe to start spinning might have been missing steady up rise of the market, sector by sector has been braking into bull territory, with technology leading the way (no matter how pathetic that Horse****man of the market looks to people who despise idiots buying new gadget every year or when it just released, without really caring that that main difference is the number of the gadget …1, 2,3, 4 … so convenient for dim witted.


But fear not – not always the most money are made by pioneers – faster and bigger money are made when sheeple realize that they might be missing the money train – and one of such still springing to move trains are HOMEBUILDERS




And you are not too late to technology sour fiesta – buy buy buy!




Do not like either of those? Get moving with transports – party is on!