A Tycoon's Trading Diary

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

Tuesday, June 26, 2007

Too Choppy Tuesday

Filtered Trade Candidates for the Day
GAPHV: SPWR (pulling back in heavy volume, cleared 4 weeks base cup on heavy volume 1 bar ago), GOOG (cup with handle break out just 1-2 bar ago?, moving north in heavy volume), MBT (pull back in light volume, lurking around buy point from a 4 weeks base break out)
TTC-A: (nil)
MACRSI: CENX (Moving south in lighter volume. MA cross 2 bars ago)

Trade Session Notes
Nikkei...18066.11...-21.37...-0.1%.
Hang Seng
...21803.57...-18.78...-0.1%.
FTSE...6565.60...-55.80...-0.3%.
DAX
...7854.43...-76.18...-0.9%.
CBOE VIX 16.26-0.39

11:29:25 AM Market sentiment? bearish.
CBOE VIX 16.94+0.29

11:55:30 AM Market sentiment? rather neutral both SPWR and CENX (selected trade candidates) are down.
CBOE VIX 16.74+0.09
Market Adv Decl Unch
Nasdaq 2,893 2,667 279
NYSE 1,514 1,407 122

12:25:48 PM Market sentiment? slightly bullish
CBOE VIX 16.57-0.08
Market Adv Decl Unch
Nasdaq 2,949 2,713 254
NYSE 1,549 1,379 132

12:56:56 PM Market sentiment? neutral, just as SPWR that I wanted to trade.
CBOE VIX 16.62-0.03
Market Adv Decl Unch
Nasdaq 2,918 2,805 253
NYSE 1,518 1,457 110


Open Trades as of EOD 25 June
.UPUGR CTSH JUL 90 Call $75.48 $0.07 ($553.00)
Notes Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.PAQHR PCAR AUG 90 Call $86.18 $2.45 ($155.00)
Notes Open GAPHV day 8 light retracement
.SWQSV SNDK JUL 42.5 Put $47.13 $0.18 ($424.00)
Notes Complete looser part!!!
.TEXJQ TEX OCT 85 Call $83.75 $6.88 ($212.00)
Notes TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support