trade for 10/31/2001 Wednesday <>
1065, stay on the short short side. If GDP report is worse than
expected (-0.8%), down side target 1044 following a gap down open
at 1054; otherwise a bounce attempt day. From
1044 area, market should bounce 10-15 pts. 6:30
>>> GDP is better than expected, cover short; market
will test 1073, if broken testing 1080-81. support
trade for 10/30/2001 Tuesday <$>
range 1067~1077 before 8:47.
8:47, we would try to short from 1077-79, target 1063.75; if
1060 holds, watch out for 15 points reversal.
High 1074.75, low 1053.50, close 1057.50]
trade for 10/29/2001 Monday <$>
failed to close above 1106 on Friday, ready for a 20-30 points
pull back from Friday's 1112.75 high.
1106.50-1107, scalp short side, target 1088, if broken then
1078 testing again before bouncing. If
market found support above 1095 before 9:00, watch our for reversal
Day high 1103.50, day low 1073, close 1073.]
trade for 10/26/2001 Friday <$>
range scenario: Trading range 1093-1106. If globex 1105 is intact
after the midnight, try to scalp short side for 1094-93 target;
then reverse to buy side for 1106 closing.
taking scenario: If it opened 1107-1113 or 1113-4 was tested before
7:30, try to scalp short side for 1093-94 target. Keep
in mind: Up trend is not over.
1092 is broken (then it will test 1086), doesn't mean it is
the end of up trend; it is just a profit taking type of pull
AM update> Two more trades for the rest of the day: Trading
ranget 1103-1112. Stop 1102, buying bias, target 5-8 pts profit;
stop 1113, selling bias, target 1106 close. If closed below
1106, Monday will be bearish.
Day low 1095, day high 1112.50, close 1103]
trade for 10/25/2001 Thursday <$>
Up trend is not over yet, major support 1075-1078; don't try
to short aggressively. We expect SP to test 10/17 high 1110
area for this weekend. When the trend is up, pay attention
to "support" instead of guessing the top. Don't try
to short stocks.
range 1092 ~ 1082. Buy low, Short at high <8:30 AM update>
support 1067-68, buying bias, target 1085, 1091, and 1110 before
Globex hi 1091.50, plunged to 1065.50 and reversed after 7:00AM,
bounced to 1087, 1091 and closed 1103 close.]
trade for 10/24/2001 Wednesday <$>
range 1092 ~ 1078. [Result: Globex hi 1099
(caused by news), day high 1092, day low 1080, closed 1085]
trade for 10/23/2001 Tuesday <$>
pivot becomes support now. Stop 1086-87, buying bias, next target
1105 followed by a 10-15 points pull back.
Day high 1101.75, plunged to 1081.50, closed at 1089]
trade for 10/22/2001 Monday <$>
there is no accident, sp will try to test 1083-1087 if this 1075
broken up side again. Stop
1069-68, scalp buy side, target 1083-1087 before mid-day Monday.
1075 is intact at Globex, it will be back to short side and
stop will be 1075 area again for target 1060-1056. Mid-day Update:
It would close at any day high.
Globex high 1073, low 1068, 1075 broken, day high 1094, closed
trade for 10/19/2001 Friday <$>
Scenario: Stop 1074.25, selling bias (including
globex risking 1 point only), target 1066, 1062, 1058.
(possible gap down below 1066). Spike
to 105x followed by a strong bounce
If it opened gap down more than 10 points, get ready for a strong
update> Stop 1060, reverse to buying bias, target 1074
Globex bounce high 1074.50, opened 1069, low 1058.75, and bounced
after 10:00 AM, closed 1072.50]
trade for 10/18/2001 Thursday <$>
it opened gap up, sell off one more time for target 1065 before
reversal back up.
wait for the opening.
high 1082, low 1064.75, close 1074]
trade for 10/17/2001 Wednesday <$>
scenario: Tuesday's pivot 1096-97 is the support now, still
buying bias (with caution), next target, 1113-15 (20 pts).
Bearish scenario: If 1106 is intact before
the opening, watch out for morning profit taking. If 1096 is
violated, then it will test 1090-88 again.
update: Don't buy stocks today. Stop 1113, selling bias
1110-1112, target 1096, 1088; 11:30 update: stop 1096, selling
bias, target 1082...
Globex high 1114.50, opened at 1110, day hi 1112, then plunged
to 1088; afternoon plunged to 1075, closed at low]
trade for 10/16/2001 Tuesday <!>
trade: try to use 1093.25 stop again, scalp short side to 1084-83.
(Risk 0.75 only) Conservative
trade: side line at Globex.
trade for 10/15/2001 Monday <$>
trade: Stop 1093.25, scalp to 1082.50 for 1/2 profit taking
target; if 1082 can not hold, it will test 1075-76.
update: After 1080-82 profit taking. Stop 1081 stop, buying
bias at 1082, target 1089-90, then 94-5 testing; expected close
1092-94. [Result: Globex high 1092.75,
market plunged to 1080 and reversed back up to 1093.75, closed
trade for 10/12/2001 Friday <$>
Globex low 1095-1096.
report is no worse than expected... more up side. if report is
bad, it will be an excuse for profit taking
for 20 pts pull back from any globex high.
traders: Ready to scalp short, target 20 points from any globex
after retail sales report: selling bias target 1088, if 1087
broken, target 1072. After 1072, stop
1073, reverse to buying bias, target 1087 testing. [Result:
Market plunged from 1100 to 1094, bounced to 1097, then plunged
to 1087, then plunged to 1073, and reversed to 1087 and closed
trade for 10/11/2001 Thursday <$>
1075-1078, buying bias. [Result: Low 1079.50,
high 1102.50, close at high]
trade for 10/10/2001 Wedesday <$>
trading range 1063-1047; expected a reversal after 10:00AM
1063.75 area, risk 1-1.50 pt, scalp short side, target 1055-56
testing at globex. If 1063.75 is intact and morning open is
below 1062, try to short one more time. Target
1048 is still valid. Possible
reversal day for up side after 10:00AM
7:30AM: No more short, market is reversing. Stop 1070, buying
bias 1071, target 1084-5 before close. [Result:
Globex high 1063 our stop 1063.75, took 1/2 profit at 1057-56,
low 1054.50, 2/2 stop out 1062.75; reversed to buy 1071, took
profit 1079-1081; 1075.75 stop, buy again 1077, target 1084-5;
close 1083 as expected]
trade for 10/09/2001 Tuesday <$>
side scenario: Support/stop 1063, testing 1087-1090 if 1072 (resistance)
side scenario: Resistance 1072/stop, target 1064-63 testing. [Result:
glboex high 1071.50, low 1063, open 1066, day low 1055.75, close
trade for 10/08/2001 Moday <>
index close is not good enough. Friday's bounce high 1075.50
will be resistance/stop for selling bias. SP01Z 1000 testing
is valid now. After
1066-65 violation, 1071-2 would become stop.
trade for 10/05/2001 Friday <$>
(topping) scenario: Before
Job report trading range 1077-1067. Aggressive
trade: Globex stop 1077.50 scalp short to 1067 target then reverse
to buy side (before job report). If
this 1077.50 is intact at Globex, try to short again after the
opening for 1068-67 testing (or target 104x if market sentiment
is weark and 1063 broken; target 1000-1010 before next weekend.)
scenario: (more up side and topping next week) Support
1065 area, buying bias, (1077.50 pivot violation) for 1083-84
weekend close and more up side 1105-1115 on Monday-Tuesday. Reversal
from (40-50 points) on Tuesday (October 9th) and target 1040 before
October 16th. For
either scenario Thursday's low 1068.50 will be tested after the
trade for 10/04/2001 Thursday <>
NQ and SP are going to fill 9/11 gap.
1063-66, still buying bias, target 1099-1105
Wednesday high is intact at Globex, for aggressive trader, try
to short scalp to 1066-63.
trade for 10/03/2001 Wednesday <$>
range 1062~1042.50 or 1060~1041.25
support 1046.50-1046.75, scalp buy side, target 1060-62; then
ready to reverse to scalp short side. (Keep
in mind, short term up trend is not over yet.)
your were short before Tuesday close, try to take profit at 1050+/-
trade: Wait for day session trading range 1062~1042.50 or 1060~1041.25
[Result: Day low 1041.25 as expected,
high 1079.50, close 1073]
trade for 10/02/2001 Tuesday <$>
This is still
a bounce. No sign of down side reversal yet. Still
buying bias. target 1065
then 1085-87 hopefully before weekend. Major
support/stop 1030, if broken, target 950-960 before next weekend.
FOMC announcement, trading range 1045-1035. Aggressive traders:
Stop 1035, buy at Globex. IF 1035 is broken, side line and see
if there is a potential topping. Watch out for a routine profit
taking sell off after the rate cut Announcement. Mid-day update:
Up trend is not damaged; still buying bias. [Result:
Day high 1056, low 1035, close 1055.25]
trade for 10/01/2001 Monday <$>
day trading range 1052-1032.
side scenario: Since 1052 is valid, stop 1036.75, buy into 1051-52.
At Globex, market will test 1037-38.
side scenario: Stop 1053.25, scalp short side,target 1032. Then
get ready to reverse to buy side for Tuesday day FOMC.
the opening: If 1045 is intact at Globex, watch out, market may
get to 1032 first. [Result: Globex high
1045, low 1036, opened 1038, low 1028, close 1043]
trade for 09/28/2001 Friday <!/$>
1000 held 3 days in a row, market turned up again with strong
up side bias. 1039-1045 reinstated and is valid before end of
next Monday. Friday-Sunday, BUY
DIPS!! We might not see 1000 or 1010 again in next week. No matter
what, 1000 can not be violated by 1 tick from now on. GDP
report will be released at 5:30 AM PST. A weaker than expected
GDP may trigger a profit taking sell off to target 1017, 1013.
If Globex high remained intact after mid-night, it would act as
stop for short side scalping. [Result: Market
opened gap up and spiked up to 1045 and closed at 1045.]
trade for 09/27/2001 Thursday <$>
1015.25-1016, scalp short side (selling bias), 1/2 target 1010-12.
(risk 1 pt only). If
open gap down, reversal back up is likely before 9:00AM. If
1017 broken, more up side.
Update: Next reversal time is 10:50, stop 1000-1000.50 for buy
side, target 1010 testing, if broken, it will test 1015 day
high and 1020-1025 before tomorrow first hour. [Result:
opened 1013, morning high 1015, low 1000, reversed back up from
10:42 AM, afternoon high 1023, closed 1022.50]
trade for 09/26/2001 Wednesday <$>
1010, buying bias (including Globex), risk 1~1.5 points.target
1039-1045, but yesterday's hi 1021.50 needs to be taken out
before 7:30 first.
Back for testing 1009, 1000 scenario:
yesterday's high 1021.50 is intact for more than 1 hour, it
should test 1009-7, then 1002 before more bounce. If you had
shorted 1/2 5 mins before the close (in stocks room), take profit
Update: Stop 1025, selling bias, 1/2 profit taking
at 1021-2, 2/2 profit taking at 1015-7 or use trailing stop,
1012 violation indicates 1007, 1003 testing. Expected close
1010~1011.50. [Result: Opened 1024, high
1024.25, low 1004.50, closed 1014]