Thursday
Short Dax
We just fired another short Dax at $5/point at 4795. The momentum from last nights breakout continue to push markets up as Dax hits a high of 4802 (round number theory fulfilled once again). It is possible for the Dax to attempt to break the next round number at 4850-4900, but is currently up 1.6% (which is nothing for the Germans). The fact that it fired straight up so quickly after the start of trading plus the fact that our indicators suggest a down night gives us confidence to short the market. Please do so lightly and have the ability to take the pain up to 5000. Our portfolio have been fairly light and close to net neutral until now. As our shorts stack up, we are once again being stressed tested with unrealised losses. The longer the markets hover at these levels, the more likely for it to have another surge up. The Dax’s high last night was about 4734. See the resemblance between this peak and May 2008? We will update our thoughts later if things change. Continue…
All entries filed under this archive
no responses - Posted 04.29.09
We personally pay very little attention to the daily gyrations of the market based on "news". Potentially the Swine flu could be deadly to the economy, but preemption and gross over reaction before the full impact is known is not the way to trade or invest. Today markets breakout as ...continue
no responses - Posted 04.28.09
Our little Natural Gas experiment costs us $226 ($113 in our public portfolio as we only had $2/point) - we rode the contract all the way to expiry. This does not change our long term view of Natural Gas - we added more to our Natural Gas ETC position - ...continue
no responses - Posted 04.27.09
Futures are all heavily in the red with DJIA down 1.3% (7960), FTSE down 1.7% (4095) and DAX down 1.3% (4598). An over-reaction and easy scapegoat to take markets lower. The fact that its occuring preopen puts us on alert: if this decline is real (as the technical indicators suggests) ...continue
no responses - Posted 04.26.09
Natural Gas just opened for trading - still plummeting and made a low of 3199 (round number theory once again fulfilled). We are in the red (more so in our personal portfolio where we have more than 1 positions). We are fairly comfortable given how light we are. We even ...continue
no responses - Posted 04.26.09
A fairly quiet week for us this week as volatility returns to the market and the rally struggles (hopefully not consolidating to make higher highs). Technical traders are unanimously calling for a pullback - from experience when these "experts" ALL see a "clear" signal, it is time to be extra ...continue
no responses - Posted 04.26.09
From 2008 to 2012 A major source of the economic boom in New Zealand’s economy has been significantly attributed by record international prices of dairy products. In financial year ending March 31st 2008, the earnings from the exporting of agriculture and forestry went up by a whopping 8.4% to $23 ...continue
