A Tycoon's Trading Diary

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

Wednesday, June 20, 2007

No trade today... markets tumbling sideways

General notes
Found one issue for my watchlist SSYS.

Filtered Trade Candidates for the Day

GAPHV: CRDN, MBT, VIP, SPWR
TTC-A: CTRP
MACRSI: MBT,
VIP, SPWR, TSO

Trade Session Notes
Nikkei...18211.68...+48.07...+0.3%.
Hang Seng
...21684.67...+101.78...+0.5%.
FTSE...6672.60...+22.40...+0.3%.
DAX
...8106.32...+72.80...+0.9%.
CBOE VIX 13.10.25

Nominees for today's trading session are: MBT (GAPHV 4 bars ago, MACRSI 5 bars ago) or VIP (MACRSI 2 bars ago with a GAP up, and breaking out of a 4 weeks base); CTRP (TTC-A 2 bars ago, possibly breaking out of cup w handle soon!); SPWR (MACRSI and GAPHV 4 bars ago; possibly breaking out of a proper base).

Open Trades as of EOD 19 June
.UPUGR CTSH JUL 90 Call $77.69 $0.1 ($550.00)
Notes Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.PAQHR PCAR AUG 90 Call $90.27 $4.7 $70.00
Notes Open GAPHV day 8 light retracement
.SWQSV SNDK JUL 42.5 Put $47.62 $0.15 ($430.00)
Notes Channel bottom: $41,65, WATCH RSI 50 mark!!!
.TEXJQ TEX OCT 85 Call $85.46 $7.8 ($120.00)
Notes TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support