…a day’s trading…
9:30am
…last trading day of the month…my trading program and this blog are not working right…barely working, but my Elite trading Platform is totally out…not so Elite…i loath CNBC so much I won’t turn it on to watch the market…stocks close at 1:00pm today…
10:53am
…late again today…with the kids home it is a battle to stay in market central, but here i am…
11:00am
…DOW -5…this week is setup very well for the S&P, but with the holiday, it makes things less clear…basically, half a day today and half on Friday, makes 1 trading day left in the month…GOLD has done everything I hoped this month, just KILLING it, but my trades didn’t work out…I hope not to make that mistake if the setup for stocks continues for next month…a lot depends on the months close…last month the last week kinda killed the market goose but running up to close the month…that seems to be the path this month too, but with Thanksgiving messing up the deal…
11:15am
…also the GOLD trade will expire at the end of this month…
11:23am
…DOW +64…
11:31am
…already down to a just 2 on my list…
12:47pm
…DOW +88…could be 4 days in a row…nice move this week, but the real test will be in December…don’t really want a strong a finish to this month…
1:53pm
…1 stock on my list: CHL…
2:03pm
…DOw +18…the RE-action to this pullback will define the day…S&P 863…
2:37pm
…S&P at 875…
10:39am
…kids are all home from school, chaos rules…DOW +59…8500….
11:55am
…DID you know that the FDIC insurance that went up to $250,000 per depositor in Sept/Oct will expire December 31, 2008…it then goes back to $100,000…schedule your bank run ahead of time. What a good plan they have made…get your money out now…
2:11pm
…DOW-121…with the market down for this much of the day, finding a point to rally much past flat, on a Tuesday, is not something I would lay a trade on…I do like UPS , but not without the market as a helper…list: zero.
8:45am
…Gold is up another $25 dollars..that is $75, or 8% since Thursday…Can stocks futures hold the pre-open higher to bring a Monday exception?…
10:41am
…DOW +287…GLD +2.46 @ 81.31…
12:35pm
…until the S&P can put together some days like this its tough to buy the +200-300 level anytime besides the 2:30-4pm time period…and holding overnight may become a factor as we get into December and see a confirmation…just like GOLD did, and is tearing it up…
12:56pm
…S&P Monday excption looks great…forget the amount of points up and just watch the movement…today is shaping into a particular setup RAZOR uses to buy at new highs for the day…TIME will be the key, along with an extension of highs…together they make a day trade, but not a holding trade…
1:14pm
…green numbers seem very secure today, a pullback to double digits will come about if we break below 827 on the S&P, …but new highs this afternoon will bring some buying chances, for the day, or hour, or ten minutes…
2:13pm
…the deeper this day goes, the less attractive anything looks…
…my list:PX CHK
4:03pm
…slapped a trade on CHK, and trade was rocking until 3:45pm, and things fell apart across the board…still not real safe in these waters…
…TRADE: buy 1000 CHK 18.48 (2:52pm)…sell 1000 CHK 18.53 ( 3:50pm)…1 hour of gains erased in 4 minutes…
7:35am
…5 trading days left in November…
10:43am
…GLD is way up this morning…this weeks setup led me out of this position, but with the week ahead, even at elevated levels, this may still be the trade…
11:00am
…GOLD is screaming higher, but the S&P just hit another low for the week, mostly taking it out for the day, but the stock list is not yet completed…
11:06am
…DOW -65…new lows…
12:20pm
…DOW +45…GOOD NEWS…the month that November could have been will now transfer over to DECEMBER…the last 2 days of losses have completed a signal that sets up December for a gigantic move…just like Novembers setup, and the confirmation will play the same… more on that next week…
1:56pm
…all i really want is GLD…my other list has some names on it, but they will only be 3:30pm kinda stuff…
1:57pm
…DOW +1……
2:58pm
…DOW -40…but GLD is up + $5.47 to 78.90…what a move, I spent the afternoon at my sons school, and really messed up by not paying attention to yesterdays gap open that held all day…I still want back in, but GLD is set up to only let me back in at the close….today is also options expiration, and GOld has moved up to the $800 strike price, from $750, so there is tons of action for the short/longs…
3:57pm
…DOW +500…weekend.
