8月22日交易日志
Overall Market: Yesterday’s price action is an alarm to long, however there are lots of barriers before the market get into bear mood. Is time to aggressive short? Probably not, but for sure, it is time to trim some long positions. Gold and Silver are still stubbornly move higher, keep eye on them, it will tell you the quantities of extent the central bank would print money and, of course, will also impact the XIU as Gold mining is a major component of TSX.
BE Patience, normally, on the market top, there would be lots of wipe-saw, wait and see.
Morning Plan: Sometime, you really do not need to trade. Today would that kind of day. Keep close eye on the market react to Fed Minutes. Keep eye on GLD/XGD(or SLV). HOD might have some intro-day opportunities. HNU is also worth to take look.
Action: 1) Reduce half position of shorting XIU. Gold is pretty steady on the top of edge of current channel, Also silver still shows strong up move. XIU@17.30 is a key level, will see how it moves around here.
8月21日交易日志
Overall Market: The market was led by several major stocks including BAC, AAPL which are mostly traded. True or false, some positive news keep showing here and there which could mean bull still be the majority, but a little bit crowded now. Also note, except Spain and Italy, most of country’s’ bond rate is march higher, which means the rotation happens and some money are moving into stock market, but volumes are still low.
BE CALM, if was left out for this rally, still lots of chance out there.
Morning Plan: 1) If there is an opportunity, long MFC and HNU for a hourly swing. HNU maybe two days, MFC could be two weeks before the Labour Day comes. 2) Keep SPY and XIU as a short position to hedge. If market develops a pull back, cover those positions. Right now, no more adding. 3) HOD, that is a headache, should I clear the HOD or wait to add more? Or swing the producer or XEG?
Observe: HNU is very volatile today, in some point in the first hour, it plunged into 11.80s level, I was freaking out to take the “falling knife”, but it picks up again and going upward!!!
MFC hit resistance on hourly chart around 11.25 area. Keep eye on 11.00 level.
SPY refill this morning’s gap, need to close watch the price movement around 142.20 level.
QQQ broke down the 68.4 level and testing 68.1, if still fail, then, could impact the overall market as the recent rally is mainly tech sector, actually AAPL and GOOD.
Action: 1)TLM: Clear all the positions. If there is any break up around 13.50, then re-enter when there is a buy point, but for now, energy section is a little bit risky.
2) Adding more position on HOD (oil short) at $5.15. Good opportunity to short XIU, but XGD is too strong and XFN did not move too much recently. Only Energy could be the weak part.
Overall Market: Yesterday’s price action is an alarm to long, however there are lots of barriers before the market get into bear mood. Is time to aggressive short? Probably not, but for sure, it is time to trim some long positions. Gold and Silver are still stubbornly move higher, keep eye on them, it will tell you the quantities of extent the central bank would print money and, of course, will also impact the XIU as Gold mining is a major component of TSX.
BE Patience, normally, on the market top, there would be lots of wipe-saw, wait and see.
Morning Plan: Sometime, you really do not need to trade. Today would that kind of day. Keep close eye on the market react to Fed Minutes. Keep eye on GLD/XGD(or SLV). HOD might have some intro-day opportunities. HNU is also worth to take look.
Action: 1) Reduce half position of shorting XIU. Gold is pretty steady on the top of edge of current channel, Also silver still shows strong up move. XIU@17.30 is a key level, will see how it moves around here.
8月21日交易日志
Overall Market: The market was led by several major stocks including BAC, AAPL which are mostly traded. True or false, some positive news keep showing here and there which could mean bull still be the majority, but a little bit crowded now. Also note, except Spain and Italy, most of country’s’ bond rate is march higher, which means the rotation happens and some money are moving into stock market, but volumes are still low.
BE CALM, if was left out for this rally, still lots of chance out there.
Morning Plan: 1) If there is an opportunity, long MFC and HNU for a hourly swing. HNU maybe two days, MFC could be two weeks before the Labour Day comes. 2) Keep SPY and XIU as a short position to hedge. If market develops a pull back, cover those positions. Right now, no more adding. 3) HOD, that is a headache, should I clear the HOD or wait to add more? Or swing the producer or XEG?
Observe: HNU is very volatile today, in some point in the first hour, it plunged into 11.80s level, I was freaking out to take the “falling knife”, but it picks up again and going upward!!!
MFC hit resistance on hourly chart around 11.25 area. Keep eye on 11.00 level.
SPY refill this morning’s gap, need to close watch the price movement around 142.20 level.
QQQ broke down the 68.4 level and testing 68.1, if still fail, then, could impact the overall market as the recent rally is mainly tech sector, actually AAPL and GOOD.
Action: 1)TLM: Clear all the positions. If there is any break up around 13.50, then re-enter when there is a buy point, but for now, energy section is a little bit risky.
2) Adding more position on HOD (oil short) at $5.15. Good opportunity to short XIU, but XGD is too strong and XFN did not move too much recently. Only Energy could be the weak part.
