Friday, July 31, 2009


Here is the daily SPX analysis. Well before the decline, I saw the initial sign of weakness in the market and sold my maxed out long ETFs at 11:22AM (as noted on twitter). I was right, and it wasn't the charts, but more intuition based on experience. I got that feeling that something wasn't right and it's difficult to explain.

Despite the intra-day selloff, the market is still bullish-neutral. I rarely play the general market, and these opportunities to max out come only once a month or so, and it's a near 100% guaranteed win. The rest of the time, I play the $1-5 stocks that have nothing to do with the movement of the general market. This strategy ensures that the highest probable patterns execute as planned, while taking advantage of major market moves.

If you noticed, my portfolio turnover is increasing significantly. That has always been the case, actually. I rarely posted day trades, until a few weeks ago. In the mornings, understand that I am making multiple trades at the open, and therefore, will not have time to post 'as they happen'. In addition, I do not know if a position intra-day will be a swing until it's 3:45PM. This is why you better know what you're doing, or else you will screw yourself.

For the most part, I try to hold on and support my positions for as long as I can, but I am not in control of the market. As a primary swing trader, I saw/see the need to increase the frequency of day trades to maximize my returns while protecting my portfolio from any loss. You may also be wondering...why the heck did I go all in yesterday at the open? A break from major consolidation areas signal a major shift that is supported by a sustained move. This is rare, but when it happens, I make sure I go all in.

Thursday, July 30, 2009


Looks like we will be breaking out from the neutral range. Pay attention as this may be a sustained move.

Wednesday, July 29, 2009


Nothing new, except for the fact that the flag is ascending We've seen this before and it was bearish. We will be trading within the range today, at least for the open.

Monday, July 27, 2009


I'm up nearly +40% for the month, the bulk of it coming from last week's performance. Today was no different, due to my banking of coinage on the majority of my Friday "before the close" swing plays. I did have to give up some intra-day gains because I took a nap from my long trip from CA, but I still gained a solid +4% (the "make money while sleeping" strategy heh). I sent an e-mail to the prospective students with e-mail addresses of the students I trained this weekend, in case you wanted to know how it went.

Now, let's turn our attention to the 3-day ascending triangle that is forming on the SPX. By textbook, this is a bullish pattern, and technically, we did breakout of the pattern at the end of the day. This is a bullish continuation pattern, but just in case, remember that there could be fakeouts. In any case, the uptrend is still fully intact with additional room for the upside.

I posted charts of the SPX in the following order: 3-day/5-min, 5-day/10-min, 10-day/15-min, 2-mo/60-min, 5-mo/daily, 10-mo/daily.