trade for 01/31/2002 Thursday <$>
who shorted at 1116-8 area, try to take profit at 1112.25
before the opening if there is a chance.
short scalping: If 1119-20 is intact at Globex, try to scalp
short again , target 1108.50 before close.
buy side: Trailing stop is 1105 now. Try to reverse to
buy side with 1105 stop, target 1130 before* Monday close.
Friday's umployment report should have some, but not critical,
effect on pull back.
Open 1116, low 1113, high 1130.50, close 1130.50]
trade for 01/30/2002 Wednesday <$>
1106, scalp to target 1095. If 1095 area holds, one day
bounce to 1110-1111 is possible on Thursday and followed
by the double leg down to 1085 before 9:00AM Friday.
FOMC announcement, 2 scenarios:
bounce into Thusady and open gap down on Friday before reversing
Plunge to 1085-1078 and consolidate
and ready to reverse on Thursday and Friday.
Only 20 points trading range left before reversing up.
Morning high 1105.50, plunged to 1095 and not hold, plunged
more to 1080.50, bounced to 1116 close]
trade for 01/29/2002 Tuesday <$>
Sun> FOMC meeting on 29th and 30th. We are expecting
a flush to 1114-12 area. Before FOMC announcement, the
market should move within as wide as 1143-1123 and as
narrow as 1138-1127.
Mon > If last week's low 1124 holds for 2 more day
(close only), we are expecting 20 points bounce before
this weekend; otherwise another down week. Even if market
bounces, as long as it pulls back below 1140 (close only)
more down side is expected (in which case, next target
1115. This 1078-1085 target,
that we mentioned long time ago, is still valid before
first week of February. If FOMC does not cut
the rate this time, this 1086-1078 would be destined.
Keep in mind, as long as sp stays below 1140, we don't
have buying mood in January.
1139.75, target 1129.
1128, scalp buy side, market will try to test 1138 again
followed by 1142.50 (or 1148) if last week high 1139.75
is broken. If
this 1142.50 is hit after 6:30AM before 7:30AM, try to
scalp short one more time.
update: if 1130.25 broken, use trailing stop to protect
HIgh 1138.50, low 1097.50, close 1100.50]
trade for 01/28/2002 Monday <$>
1127-28, scalp buy side, market will try to test 1138
again followed by 1143... 1148 if last week high 1139.75
1138-9, target 1128.
Open 1135.50, High 1138.50, low 1126.75, close 1136]
trade for 01/25/2001 Friday <$>
1129, target 1143-44 is still valid.
9:30, trading range 1129-1139. Aggressive trade (including
Globex): Stop 1139.25, scalp to short before 7:00AM, target
1132-1130; then reverse to buy side with 1129 support, target
9:30, trading range 1135-1144. If there is no sign of breaking
1140, OR 1128-9 support broken, another story.
it opens gap down, try to scalp buy.
10:45 - target 1143-44 void. New trade, stop 1137.75,
scalp short at 1136.75, target 1133. Expected close 1133
Globex plunged to 1128.75, opened 1128.75, low 1127.75,
rallied to 1138.50, closed 1133.25]
trade for 01/24/2002 Thursday <$>
range 1132~1122 before 7:30AM; buy low, sell/short high.
If 1132.5 is broken, it will test 1135-38. IF
1132.75 is intact after mid-night, ready to scalp short
with 1132.75 stop. target 1123-22 testing (and 1112-1113
if (only if) 1122 broken and closed below ). After 2:00AM
stop will be 1130-1131. Gap
down open at 1122-1124 is possible. If it does open gap
down at open, stop 1122-23, buying bias, try to buy into
1130+ before 8:00AM and start to use trailing stop. If
1122-24 holds good on Thursday, more up side for Friday
Update: Stop 1130-31, scalp buy side into 1137.
open 1133.75, fell to 1132, then rallied to 1138.50, close
trade for 01/23/2002 Wednesday <!/$>
9:00AM, trading range 1120-1130. Buy low, short high.
8:30~9:00, pay attention to 1130 area. If
it has hard time staying above it, watch out, lower lower
(1115-1112) will be valid before Thursday Morning.
buy side: Stop 1119, scalp buy side, targetr 1128.50-1129.50.
for weekend if 1130.50 pivot is broken.
short side: Stop 1130.50 (after midnight, move to 1129.50-1128
area), scalp short side, target 1120 (and target 1115-1112
if 1120 broken after 9:00am.
update: Stop 1120, buying bias, target 1130.
7:30AM: Day low 1117.50 stop, still buying bias, target
1127-28; expected close shoud be anyting above 1125.50.
Low 1117.75, high 1132.75, closed 1129; trailing stop
for buy side 1125.00]
trade for 01/22/2002 Tueday <$>
If last week's low 1124 holds for 2 more day (close only),
we are expecting 20 points bounce before this weekend;
otherwise another down week. Even if market bounces, as
long as it pulls back below 1140 (close only) more down
side is expected (in which case, next target 1115.
trade: use 1134 to scalp short side for 1128 target (or
1124 target if 27.50 is broken),
use 1127.50 as stop to scalp buy side.
update: Market could spike to 1139-1141 before 7:30, then
reverse back down afternoon.
10:30AM Update after 1124 violation: Aggressive stop 1124.50,
selling bias target 1115 before 7:30 tomorrow morning.
1127 held and market spiked to 1136.50, then plunged to
1126, new shorted from 1131.50 with 1133.50 stop, day
low 1117.75, closed 1121.50]
trade for 01/21/2001 Monday <$>
(MLK Jr Day)
1134. support 1128-27. Too narrow to trade. Since
market closed at 8:30, aggressive trade: use 1134 to scalp
short side for 1128 target (or 1124 target if 27.50 is
broken), use 1127.50 as stop to scalp buy side. Can only
risk 0.50-0.75 for either trade. 1134
violation indicates a potential week for bouncing.
Market closed at 8:30AM. Market whipsawed between 1133
trade for 01/18/2001 Friday <$>
Stocks Room, we shorted at 1135.50 five minutes before close)
3:27PM, Globex last 1128 now, if you shorted before thursday
close, take some profit now and move trailing stop to 1135
or cover short 1126-7.
weekend close is expected.
10:33PM update: side line. No trade at Globex. Try to
short again at 1134-35 if it bounces back up again before
Opened gap down at 1128, bounced up to 1236, plunged to
1124, closed @1129]
trade for 01/17/2001 Thursday <$>
day bounce is expected, but should plunge to test 1128
one more time if it opens gap up If
it opens gap up...aggressive
trade: Scalp short side for 8-10 pts and ready to reverse
to buy bounce for target 1140 area testing. Conservative
trade: Wait pull back to scalp buy side.
7:30AM update: Use 1130-31 as support,
scalp buy side for 1140+ target for aggressive
Low 1131.50, high 1140, closed 1134.50]
trade for 01/16/2002 Wednesday <$>
for gov report. Watch out, even
good reports may not help market's precess of correction.
Trading range 1136 (support pivot) ~1150 (resistance pivot).
1136 target could be hit before the opening; aggressive
trade can try scalp short before the opening.
Update: 1144-5 stop, still selling bias, target 1133-2
11:50 Update: New short trade, 1142.75 stop, still selling
1126-1128 still valid before 7:45am.
Globex high 1145, open 1140-41, plunged to 1133.25 and
bounced to 1140.50 before 12:00 and plunged to 1128-25,
trade for 01/15/2002 Tuesday <$>
1148.75, support 1130-32. Short high, buy low.
it spikes up after retail sales report, stop 1148.75 area,
selling bias one more time before 8:30. If this spike
up happens before retails report, it would be still for
bounce from 1132-30 to 1147-8 after 9:00.
High 1150, Low 1135.50, close 1148.50]
trade for 01/14/2001 Monday <$>
1145 holds for the first hour, market would try to test
1154 pivot. If it daily closed above 1154 (pivot/stop
for short side), it would keep bouncing this week. Otherwise,
next target 1138.
1145 failed, market plunged to 1137.50, closed 1140.25]
trade for 01/11/2001 Friday <$>
still have no buying mood.
we mentioned before Thursday,
resistance/pivot is 1161.75 for short scalping (including
Globex--aggressive traders, try before the opening).
If PPI is bad, then market will
plunge to 1148-1150. Going
lower (1143, 1138) or not, let see how the PPI would turn
High 1163.50 before PPI, high after PPI 1160.75, low 1145.25,
trade for 01/10/2001 Thursday <$>
Scenario: Stop (including Globex)
1160.25-1161, selling bias, target 1148.50 before
8:45 AM PST. After 1148.50, move the resistance to 1155.25
(pivot) for target 1143.50. Bounce
Scenario: If 1148 support found, it will test 1155 pivot.
update: Expected close either at 1155.50 or 1158.50
High 1161.50, Low 1151, closed 1159]
trade for 01/09/2001 Wednesday <!>
(pivot) 1168.50 is still intact on Wednesday, it would be
a little behind schedule.
trade (no buy, no short) at Globex. If
opening is flat and 1166 is intact at Globex or NQ stocks
are weak... then there is still more room (1150) for down
see how it would open and make decision in WarRooms. Morning
Update: Target 1178 testing, then 1182 tomrororw morning;
even if it hits 1182, it will plunge 20 points. Afternoon
Update: Stop 1172.75, testing 1168, violation = bad sign.
Open 1165.50, high 1175.50, plunged to 1168, then plunged
to 1151.50, closed 1154]
trade for 01/08/2002 Tuesday <$>
1171.75, scalp short, target 1162-1158
testing. Watch out (and ready) for bounce after 9:00AM.
High 1170.50, low 1158, close 1163.25]
trade for 01/07/2001 Monday <$>
1178.50, support 1166-64 for Monday. Buy low, short
scalp high (with 1178.5 stop), before 9:00AM PST. Then
reverse to buy side for 1178 testing. If 1178.50 broken, next
target 1183, 1193 before another little pull back.
Day high 1178.50, low 1163.50, close 1165.75]
trade for 01/04/2001 Friday <$>
unemployment report is better than expected,
stop 1163.75, buying bias, target 1175. Aggressive stop (Globex)
for buy side 1163.75-1165. If there is no follow thru
at 1175, a pull back to 1165-63 will be valid before Monday
noon. If unemployment report is bad, potential stop for short
side scalping would be 1169 for target 1158, if 1157 broken,
then 1145 testing.
Globex low 1165.50, rallied to 1178, profit taking sell off
to 1163.50, closed 1175.25]
trade for 01/03/2002 Thursday <!>
Trading range 1155-1141. Resistance
1155-56, target 1145-7 testing.
trade for 01/02/2002 Wednesday <$>
at open: Stop 1151, selling bias, target 1136-38.
opened 49.50 and plunged to 1136.75 and reversed.]