11.30.07
Posted in Uncategorized at 1:58 pm by Razor Trader
8:53am
…Good Morning. Futures look much higher early. End of the month. I get aq feeling that alot of hedge funds, who often get paid for performance at month end and quarter end. When I was a CTA (Commodity Trading Advisor) every month end I would tally my figures and get paid for monthly performance. Anyways, I get a feeling that hedgies, trying to be super smart had themselves a lot of shorts. In 3 days, that great strategy got hammered. Come Monday, that short covering will be played out…back soon…
11:07am
…I’ve been here since the open, but nothing seemed worth writting about, now I see why…the DOW +120 has become the DOW +73 S&P 500 +10 Nasdaq +2….this is still all good for this afternoon if the green arrows hold up…support and resistance for the S&P just don’t seem to be real practical, not since I found 1410 as S&P support has the market declared any particular area…once the books are closed for the month, I think this rally will run out of steam, but that still leaves today…
12:17pm
…here is my list : APOL RL TGT BIIB VLO
DOW +55 S&P +9 Nasdaq -5 @ 12:19pm
12:20pm
…on a side note MSFT has yet to invite a re-entrance it’s slip sliding awayyyyyyy…MSFT 33.53 @ 12:21pm…
12:30pm
…MSFT (33.60) may be in the process of doing something good, but this is not the way a strong stock acts, at least not today…
12:46pm
…I’m pretty much left with nothing…VLO maybe, but I don’t like stocks under $68, day trading stocks above this area is much healthier…VLO RL , I guess…
1:52pm
…still VLO and RL…VLO (65.20) RL(69.43)…at 1:52pm
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11.29.07
Posted in Uncategorized at 2:47 pm by Razor Trader
9:40am
…good Morning…Yesterday was a golden day that I totally blew. Those days don’t come often. I was only interested in the last 3 hours, and ithe market only went up 70 or so points, but the oils were so primed and I blew the trade. The MSFT trade however is doing very well. Not very often I hold overnight, but htis bad boy is going to finish the week higher than last weeks close of 34.11. MSFT 33.85 now @ 9:43am…I’m in as much as I could buy at 33.52…not a big deal but 2 days to get much higher or just above 34.11…I also think MSFT is going to 38.00 but it will take a little longer…
…This morning is holding flat @ 9:44am…
DOW -3 S&P 500 -1 Nasdaq +7
…I can’t tell you how disappointed I was yesterday, but I did bring some adjustments to my game. My strategy is really straight on, my trading is terrible….I will improve that, and soon…I gotta get to the gym, be back soon….
11:31am
…oils have some great setups today again, they dominate my list:
MHS, oils- APA BHI CVX COP ESV EOG NOV NBL OXY SLB SU VLO
…YESTERDAY also had great oil setups but the oil ETF ( OIH ) id not do well…so lets keep after it…
12:58pm
…my concern with MSFT is that the range will expand today, and I’m not sure its on the upside… MSFT is 33.64 @12:59pm…that concern should be resolved after 1:30pm…same for the S&P 500, after 1:30pm the range will expand, the key to which direction is coming soon, next 60 minutes…watch out for the downside expansion, those kind have been nasty, and as big as the upside expansions!!
DOW -8 NASDAQ -3 S&P -2…this will not stay this way much longer…
1:38pm
…down to : COP CVX ESV , the S&P looks OK, but not too far from not OK…S&P -3 (1465) for the day…
1:43pm
…yeh, that would be the not too far, S&P 500 could be in trouble, looking to short SPY..
S&P -7 @ 1461, I’d go w/ short to 1451 target… probably a better short entrance in the next 15-25minutes…1:55pm…this is a better time 1467 S&P …maybe short at 2:05pm or so…I don’t like to short and today doesn’t look very good to short after all, SPY is above this Monday and last Monday, which can be pretty strong…just for a day trade, but…I’m not too excited too do it…sorry for all the hype the last 5 minutes…
1:49pm
…see why my failure yesterday drove me nuts, those kind of days are so hard to come by!
2:02pm
…MSFT is now on a short leash…:15 more minutes to thrive or be gone…2:15pm for those playing at home MSFT 33.50 @ 2:03pm…
2:21pm
…COP is going to have to close a 5 minute bar above 79.00 to get my buy…79.98 at 2:22pm is close, but not over the top…2:23pm COP just sank 25 cents and is now 78.76…need the .00 to get involved (79.00)…
2:35pm
…got no love left for the oils…
3:06pm
…after 2:30pm , I am not able to do anything, can’t concentrate with the kids (3) home…MSFT I did exit though 33.57, , maybe pick up at the close…
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11.28.07
Posted in Uncategorized at 2:51 pm by Razor Trader
9:48pm
…Good Morning. Today we could be in for some good stuff. Haven’t ran thru the list, but the Monday deep shadow that held many stocks down yesterday(Tuesday) will be a great wall to climb today…
DOW+131 S&P 500 (+18) Nasdaq (+42)
…yesterdays call to buy this market at 1418 S&P and ride it all the way to 1440, happened real easy…that’s a huge move quickly, less than 1 day…Yesterday was not going to finish the job, as I described, but today knocked it out almost immediately…That keeps the 1410 area I described as a major support level…remember that 1410 area, it will again make you money…
10:37am
…all good rallies have intraday pullbacks that bolster the spring action later…Yesterdays pullback was frustrating because it came late in the day, like 3-3:30pm, that is very hard for me to trade on…I have to give up on entering after 2:30pm, just too mnany distractions. Today we have yet to have the pullback. Right now 10:30am is one time, that didn’t happen, next stop will be 11:30am pullback….let’s see… at 10:40am DOW + 210 S&P +26 Nasdaq +60….
10:51am
…on a weekly side, the move and time for buying MSFT back to a weeks closing higher is pretty much …NOW!!!…I’m going to get me a buch right at 11:00am…easy stop is…you have to subscribe to my service, maek the check out ot , J E F F R E Y W R I G H T …
11:01am
…still not on the trigger just yet…MSFT just needs a little task to accomplish, waiting…33.38…a few cents higher into the 33.43 area on a 5 min close will do it…waiting…33.37…waiting…33.36…waiting…now that MSFT has jerked around (11:09am) it needs to get above 33.50…33.40 @ 11:10am…
11:05am
…while we wait, I have my list and the oils look great: BHI CVX COP XOM SLB…I HAVE OTHER NON-OILS but I will wait to narrow that list… let’s see if we get that 11:30am pullback…
11:08 DOW + 212 (13,170) S&P +26 (1454) …
11:21am
…still waiting for Mr. Softy to prove itself, still plenty of time and space available. But the risk/reward is not as great as it was so I will keep the stop very tight…This trade should be profitable right from the start, if not , I’ll exit…33.39 MSFt @ 11:23am, need at least 33.50…
11:41am
…Sorry for all the MSFT hype…that stock decided to either wait or go down…still a good possibilty of a trade, just not yet…MSFT 33.34 @ 11.42am…
12:00pm
…my list… BHI CVX COP XOM CELG CEPH FCX …12:13pm…add SPY to the list…
12:24pm
…keeping a close eye on 12:30pm level for 1:30pm comparision…
12:33pm
…don’t forget…Beige book at 2:00pm, not looking forward to that…
12:57pm
…the oils are getting their pullback, this may be the setup action…
1:09pm
…COP is setting up great…
1:58pm
…things are not real easy now, in 1 minute they may really get hot…Beige Book…
2:11pm
…ENTER CVX @ 85.49 @ 2:10pm
2:17pm
…big expectations for CVX today…maybe 87.00, but first, 85.57 now (2:17pm) …85.20 is my stop…
2:25pm
…there goes my stop…Man I thought that bad boy could soar..out 85.16, damn.
…bought a bunch of MSFT, but bid deal…CVX trade was horrible timing…
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11.27.07
Posted in Uncategorized at 3:29 pm by Razor Trader
10:24am
…Good Morning…Market is showing some positive life today. Just a few minutes ago, stocks held off the sell down that did it in yesterday. Yesterday’s collapse did not suprise me, why?, BECAUSE MONDAY’S SUCK…Tuesday’s aren’t much better, but at least they aren’t Monday.
10:26am
…The S&P 500 just held off a sell down at 1410, that is a new line in the sand. Stay above 1410, we move higher, get below 1410, not good. I really liked 1440 and that level did a lot of nice work while it lasted. Besides 1380, there didn’t seem to be another natural support line. 1410 is that new level, the market told me so…now on to individual stocks…
10:35am
…S&P has bounce very nicely off 1410, that movement . Yesterdays action really dug a hole. Good news, is that it only left a couple options for the rest of the week..1. Go up like crazy, slow upward move not gonna happen….2. muddle on the lows of the week everyday. I like #1…buy this market all the way to 1440, then pause…S&P 500 @ 1418 @ 10:38pm
11:08am
..the path to 1440 is not as simple as that…I want to re evaluate this great move up in that today’s path is not all that clear. Yesterday’s damage was really big. Mostly for today..I barely have any stocks that are good setups…the S&P 500 is at 1421, way above that 1410 bounce, but individual stocks are not very attractive today…Maybe some broad market themes get started, but as far as momentum, I don’t really have anything….SOOO, buy this market all the way to 1440, just doesn’t figure in to todays action….a lower market today or tomorrow would actually be a nice thing to bounce from for the rest of the week.
11:14am DOW + 138 (12883) S&P 500 +13 (1420) Nasdaq +34 (2574)
…its a shame with all these great numbers that nothing looks good for a day trade…
12:46pm
…I feel like a kid with an Xbox360 and no games to play! Market is shooting ever higher DOW +240 S&P +20 (1427) and I got nothing…
1:07pm
"Strange things are a foot at the circle K"…as Bill and Ted once said…
…this market gets a big WHATS UP? Big dudes are doing BIG things somewhere, somehow…This smells like the PPT, Plunge Protection Team, helping out the market…JW @ 1:12pm, it needs it!
1:15pm
…OK, 1:30pm is fast approaching, so expect something else to happen, S&P 500 + 18 (1425)…
1:55pm
…SPY just made a 1 hour low. This is not a great or even good time to be making those…
…my best weekly idea is that MSFT will finish the week (Friday) with a close above 34.11…MSFT is at 33.18 @ 1:57pm, so the reward isn’t that great…Thus my plan is to wait a little longer. A Wednesday purchase only leaves 2 days of risk to handle…I’m just looking for some good follow thru of some sort to enter, so far today that hasn’t happened…
2:01pm
…WELL, 1:30pm did happen, and something else did happen too, tghe S&P was up 18, now at 2:00pm its up 11…2:00pm is just as big for stuff happening so look out…S&P (1419)…
2:02pm
…this market is selling from everywhere…from lows from highs, from closes and opens…a big question is, is this selling from necessity or strategy?
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11.26.07
Posted in Uncategorized at 2:14 pm by Razor Trader
9:14am
…Good Morning.
10:50am
Is it Monday? It is, did I …let’s get right to it. Mondays suck. Sorry to repeat myself every Monday, but hey now, they do. A strong gap up is Monday’s exception, and that ain’t happening today. Sorry Monday, you blow cat snot!~!~!…..Still, here is what is on my short list early..
BNI CAT SPY EOG NOV COP DVN…. be back soon……11:01am
12:29pm
…stocks in the green have been far and few between lately, so I will jump on opportunities today if they continue…Sooner or later the market will begin to climb this divot created in the last month. That must be the time to pour on the profits. It is a large slope and lots of chances to profit from it will present themselves…today these stocks are still on my list
…EOG CAT CNQ NOV ZMH
1:21pm
…just waiting for the road and rubber to come together at 1:30pm…
1:27pm
…NOV… about the only one not giving up at this key hour…
1:57pm
…this bear has teeth…
2:09pm
…just about every stock has made a monthly low in November vs. October…December can’t come quick enough for many stocks…
3:56pm
…if there is a day that this collapse is good for , it’s Monday. How many times have a screamed that Monday’s are terrible? Answer=too many….Is that the fat lady?
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