A Tycoon's Trading Diary

True story of the making of a tycoon. Options trading, trading systems, wealth, money management...

Thursday, June 28, 2007

No time to wait tll the FED decision is out...

Filtered Trade Candidates for the Day
GAPHV: SPWR, MBT
TTC-A: PVH
MACRSI: WCG

Trade Session Notes
Nikkei...17932.27...+82.99...+0.5%.
Hang Seng
...21938.22...+232.66...+1.1%.
FTSE...6564.60...+37.00...+0.6%.
DAX
...7892.87...+91.64...+1.2%.

10:30:03 AM Market sentiment: Slightly Bullish (but full of waiting)
CBOE VIX 15.5-0.03
Market Adv Decl Unch
Nasdaq 3,098 1,992 241
NYSE 1,825 981 153

11:01:16 AM Market sentiment: Neutral (waiting for the sun - read FED Meeting end)
CBOE VIX 15.52-0.01
Market Adv Decl Unch
Nasdaq 3,077 2,226 266
NYSE 1,782 1,064 153

11:27:24 AM Market sentiment: no change
CBOE VIX 15.48-0.05
Market Adv Decl Unch
Nasdaq 3,129 2,298 257
NYSE 1,810 1,077 141


Open Trades as of EOD 27 June
.UPUGR CTSH JUL 90 Call $76.04 $0 ($560.00)
Notes Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.PAQHR PCAR AUG 90 Call $87.80 $3.1 ($90.00)
Notes Open GAPHV day 8 light retracement
.SWQSV SNDK JUL 42.5 Put $48.51 $0.1 ($440.00)
Notes Complete looser part!!!
.TEXJQ TEX OCT 85 Call $81.15 $5.4 ($360.00)
Notes TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support