Dead calm on the market

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 www.trading-to-win.com – not sure if you have to redirect or do nothing. Just make a note of it, please.

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 :)

 

 

Curious case of homebuilders (XHB)

Hamlet:
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.

Rosencrantz:
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!

 

 

It’s a wonderful world they still let us to live in…

 

Flatlined…

 

 

What a year that was … or should I say “ what a year it was not”?

 

For me it was a year when I took hiatus from the active trading, revalued a lot of things I previously thought were important, started new business ( turned out to be a lot of fun, but not enough money), forgot that I had website to take care of and a lot of other things I really wanted to do, but kept postponing … like learning to fly a plane…yeah – I do have my Bucket’s List already.

 

For the Miss Market – she just ended flat on her back in missionary position – for someone who did not day trade in 2011 (I did NOT ) – it sure looks boring as hell.

 

 

Even though I have not been actively trading and posting on blog, I did manage to make some money by going long on the dollar and dumping all my precious metals holdings ( I sure am happy watching silver now ) based on monthly TDSequential BUY back in June 2011 for /DX

 

I don’t normally make New Year resolutions, but I think I might get more active with trading in 2012 – see you then!

 

Merry Christmas!

Best wishes, joy and health to you and your families!

Oh, and Keirsten dropped a tweet – she is live and well and sends regards to all old timers!

Happy Hannukah!

To all our friends and relatives

We wish a happy Hannukah

Let your festival of  hannukah  candle lights

lead to a great celebration of  life

 

 

 

 

P.S.  Just returned from month long Venezuela vacation – regular post will resume … yup – some people do try to have life!

Ain’t that a Biatch!

Lets take a broad look … well … speaking of broads – I am really concerned with magnification of American Women – huge piles of redundant protoplasm wondering around shopping and eating … no Viagra will fix it for me [ Thank you George Carlin] and to talk about something a little more pleasant – here is a monthly chart of SPX.

Cute Ab-cd on wave B up monthly, don’t you think so?

 

Amazing that we just might be in huge C down wave (A.K.A. “P3” AKA “Pee On the Tree” – local joke indeed – hope that guy still collects money from idiots subs – he can definitely NOT make any cabbage trading himself )

 

Oh boy … going down on 9, sadly famous ‘9‘ combined with Combo ‘13’ – don’t you all hate that number? Unless you bet on pass line or just accidentally survived bear … which I am both and I am feeling good since April! And I am certainly not going placing any long trades unless we break April 2011 highs!

 

 

 

Definitely not day trading, but position trades do work – hourly is looking gooood!

 

 

Short again

On Monday, according to the plan outlined on October 16th (see post) I went short around 1250+ area SPX.

Seams to be a good spot with defined stops above TDRL and if prior lows will be penetrated on the upside ( red arrow)

 

I’ve been thinking a lot lately … about this "blogging thing” – I really need to find a good reason to keep this place running. I am not as actively or as often trading as before and to write about something that is quite secondary for me now is not as much fun as it once was…

Can not leave you kids alone!

Momentarily you let market pumpers take control and run away with our money!

 

I am back in ole’ good USofA and ready to go short again (I was stopped out of trailing AAPL long puts practically the day I left for Europe) – with very tight stops at prior TDST lines on daily charts for QQQ (probably activated only at the end of the day – there might be too much jitter intraday)

 

and 1254 area as a stop for S&P500

 

 

Meanwhile to entertain you I will be posting fabulous pictures of my favorite cities of Europe I visited during last 3 weeks – there is a lot to see and admire. (Though my 22 years old mandatory for midlife crisis girlfriend did not like these pictures for some reason)

 

Homework – try to find fat (pardon me - “sick” or "with “eating disorder” or “shot metabolism” or “food processing disadvantageous” or “with diminished digesting capacities”) people on these pictures.

 

And – for people less geographically challenged than myself – what city is that?