Dark Grey Friday, 20 July 2007

General notes

Rules set:

• maximum risk (50% profit target or $100) but never more than 25% of whole account (until $5000 account value reached)
• use only Day's GAPHV trade set - that is GAP high on volume (more than 25% average) on bar -1 then pullback on light volume (- 25%) on the next day, when it turns backward go long exit with target/risk method set above or when 50% target is reached & W%R closes under -20 sell at next bar if there is no reversal.
  

Filtered Trade Candidates for the Day
RIO: day 6 of GAPHV event, 'spinning top' formed, prices will most probably go towards the opening direction; TEF: day 3 of GAPHV event, 'spinning top' formed, as for RIO above.

Trade Session Notes
Nikkei...18157.93...+41.36...+0.2%.
Hang Seng...23291.90...+275.70...+1.2%.
FTSE...6646.30...+6.10...+0.1%.
DAX...7962.87...-28.34...-0.3%.

9:56:29 AM MS: Bearish

CBOE VIX

15.7

0.47

Market	Adv	Decl	Unch
Nasdaq	1,190	3,559	183
NYSE	717	2,001	122

10:23:23 AM MS: Bearish

CBOE VIX

16.04

0.81

Market	Adv	Decl	Unch
Nasdaq	1,224	3,899	204
NYSE	749	2,034	126

10:48:43 AM MS: More Bearish

CBOE VIX

16.53

1.30

Market	Adv	Decl	Unch
Nasdaq	1,201	4,090	200
NYSE	663	2,156	135

11:36:35 AM MS: Bearish

CBOE VIX

16.72

1.49

Market	Adv	Decl	Unch
Nasdaq	1,211	4,294	207
NYSE	667	2,247	112

11:50:38 AM MS: no change

CBOE VIX

16.98

1.75

Market	Adv	Decl	Unch
Nasdaq	1,137	4,444	189
NYSE	613	2,306	124

12:21:10 PM MS: no change

CBOE VIX

17.35

2.12

Market	Adv	Decl	Unch
Nasdaq	1,102	4,560	206
NYSE	568	2,378	124

12:51:39 PM MS: no change

CBOE VIX

17.33

2.10

Market	Adv	Decl	Unch
Nasdaq	1,180	4,567	182
NYSE	592	2,388	107

1:51:34 PM MS: somewhat less bullish

CBOE VIX

16.95

1.72

Market	Adv	Decl	Unch
Nasdaq	1,332	4,505	204
NYSE	677	2,328	98

1:56:07 PM Made a fully speculative order on an out of the money RIO Aug 57,5 Call. First, I have had some money on my account and I wanted to invest it. Also, I have never used these really out of the money options.

2:23:49 PM MS: bulls climbing

CBOE VIX

16.53

1.30

Market	Adv	Decl	Unch
Nasdaq	1,553	4,330	204
NYSE	788	2,217	109

2:56:53 PM

CBOE VIX

16.65

1.42

Market	Adv	Decl	Unch
Nasdaq	1,460	4,479	184
NYSE	720	2,308	89

Open Trades as of EOD 19 July

Live

Symbol	Description	Stock	QTY	Cost Basis	Total c/b	Price	Market Value	Gain/Loss
PCRJP %	PCR OCT 80 Call	72.93	1	$5.20	$520.00	$4.70	$470.00	-50.00

Virtual

Symbol	Description	Stock	Qty	Cost Basis	Total C/B	Price	Market Value	Gain / Loss
.UPUGR	CTSH JUL 90 Call	$87.52	1	$5.60	$560.00	$0	$0.00	($560.00)
Break even at $4.55. Expiry at 20 July, Friday. Next Earnings 8/1/2007
.TEXJS	TEX OCT 95 Call	$94.10	1	$6.60	$660.00	$7.9	$790.00	$130.00
Target: $94,85, next earnings 7/25/2007