trade for 06/28/2002 Friday <$$$$$$$$$$$>
Before Thursday close, we said "keep long" for 996 minimum target. Support 986.75 now, 1000 should be broken again. (13 pts)
09:00AM Update: Stop 997, buy 998, 1/2 profit target 1002, then 1006. (4 pts)
10:30AM Trade: Buy 998, target 1002. (4 pts)
11:40AM Trade: Stop 1000, selling bias, sell 998.50, target 990. (8.5 pts)
12:30PM Trade: Stop 995.5, sell 994, take profit 992 (2 pts)
12:50PM Trade: Stop 995.5 again, sell 995-994.5, target 988. (6.5 pts)
[Result: Open 990.75, High 1003.25, low 986, close 988.50. Two unlisted trades got stopped out by 1.0~1.5 points each. Net big profit day again.]
trade for 06/27/2002 Thursday <!/$$$>
Support 969-970, buying bias, target 997. Should enter before the opening. Keep in mind this trade is the follow-thru of 961 entry with 960 stop and trailing is 969-970. If you bought from 961 and exited at 973-976 range, try to buy it back 973-970. For who is flat, wait for 970.
Morning update: Scalping 977 to 982. if 976 is broken, reverse to short side for target1067.
Morning 7:55 update: Stop 779.75, selling bias, short 978.50, target 967, keep the short until target gets hit.
Mid-day 10:15 update: Stop 971-971.50, buying bias, target 1085-88.
Mid-day 10:55 Update: Stop 977.75, Buy 979 again, target 985-88.
Afternoon trade: Buy market 986-988, minimum target 996
[Result: High 993, low 964, close 992; after close Globex hit 996.50. Two unlisted trades got stopped out by 1.0~1.5 points each. Net big profit day.]
trade for 06/26/2002 Wednesday <!/$$$>
Monday's low 971 broken, triggered target 945-947, and wiill be followed by 920 if there is no support found.
Opening update: Scalp 957 to 955. Today sp should close above 971.
Mid-day update: Stop 960, buying bias 962.5-963, take profit 973-975.
Before FOMC: Stop 966.5 stop, short 965.75, scalp short to 962 then 957.
Afternoon 12:11 entry: Stop 960, buy 961, target 974-976 profit taken; then 969 stop for re-buy and trailing.
[Result: high 979.75, low 945.75.50, close 974.75; two trades stopped out either breakeven or 1 pt loss, but the rest of 3-4 trades all in big profit]
trade for 06/25/2002 Tuesday <$$$>
Stop 994-95 now, buying bias. After midnight, move stop to 996. Since Tuesday-Wednesday for FOMC meeting, it would be not easy to have a strong momentum.
So 996 stop, can risk 1 point only, target 1010, then 1016. (For who made more than 10 pts profit on Monday can risk 1.5-2 pts.)
if 996 is broken, it will test 992 again and could open gap down.
Morning 9:00 update: Stop 1005.50 strong resistance, Selling bias, target 992.25, if broken target 978 target. Once shorted, use trailing.
Mid-day update: Stop 979.50, selling bias target 973.
[Result: high 1006.50, low 973.50, close 974]
trade for 06/24/2002 Monday <$$$>
Support 990-992 broken at globex, either no trade or stopped out 1-2 pts.
Morning 7:25 Update: stop 987.25, shorting 986.25, target 8-10 pts profit.
Mid-day Update: stop 972.25, reverse to buying bias at 973.75-974, target 992 testing, then target 1002 testing.
Afternoon Update: Stop 1002.25, short 1001.50, target 995.5, with potential 992 testing for 10 points profit.
[Result: Globex open 992, globex hi 1002.50. Open 985, High 1005.50, low 971.50, close 996.75]
trade for 06/21/2002 Friday <$$$>
Major support 1015-1020 has been violated! 98x testing is back again. ......
Basically, follow-thru from Thursday....resistance 1010-12 area, selling bias before 7:00AM, next potential target 997.75. (Watch out, Thusday low has been violated.) Support will depends on the opening.
Opening Update: Cover short at 1002-1003. Still selling bias, after bounce, stop 1010, target 997.75.
Afternoon Update: Don't guess low! Still selling bias, stop 998.50, target 986-983.
Final Hour Trade: Stop 993.50, sell at 992 -992.50, target 986-983.
[Result: Globex high 1013.25, open 1002.50, high 1007.75, low 985, close 992]
trade for 06/20/2002 Thursday <$>
Leading indicator at 7:00AM (est. 0.3). Before report trading range support 1017- resistance 1025.
Stop 1017, buying bias, target 1032, then 1039-40 testing.
Bearish scenario: Some more selling, but not much left, target 1007 testing with 1025 resistance. With bad report scenario, still, market should try to close above 1025.
Opening Update: Since 1017 was violated before the opening, selling bias, with 1023.75 resistance.target 1007-1010.
Mid-day Update: Stop 1017.75, slling bias 1016.75, target 1007-1009.
Afternoon Update: 1012.75 stop, still selling bias 1011, target 1017 and trailing.
[Result: High 1025.50, low 1004.75, close 1007.50]
trade for 06/19/2002 Wednesday <$>
AMD and APPLE warned after Tuesday close. Trouble is coming!! Still short side is for scalping. Use 1045.50 as resistance. If 1042.75 (stop) is intact at midnight, try to short before the opening, risking 1 point. Trading range will be widened to about 20 points. After midnight move stop to 1039.50.
Opening Update: Selling bias today target 1020~1018.
Mid-day Update: Stop 1033.25, selling bias at 1031.5-1032.5, target MOC day low.
[Result: Globex high 1045, open 1030.50, high 1039.50, low 1017.75, close 1020]
trade for 06/18/2002 Tuesday <$>
Waiting for CPI report 5:30AM PST (Estimate: +0.1, excl F&E +0.2); Housing start (est. 1600). As stated in Monday WarRoom, before CPI report, there should be a 1/2 profit taking at Globex.
Before report: Scalp from 1040 to 1032-31. Must cover beforethe report.
After report: Stop 1028.50, buying bias, target 1039-1044.50 before 11:00 intraday pull back for morning low testing.
[Result: Open 1033, High 1045.50, low 1030.75, close 1045.50]
trade for 06/17/2002 Monday <!/$>
If there is no gap open, Monday should be a consolidation day. Trading range either 1015-1000 or 1012-1002. Let's see how the opening would behave, then make decision from there.
Opening Update: Stop 1019.25, short 1018.50, target 1013 testing. (Stopped out with 0.75 point loss)
Update After 1020 violation: Support 1022.50, buying bias, target 1030 and 1033-1035.
Mid-day Update: Support 1028.50~1029.50, buying bias, target 1035-38.
[Result: Opened gap up at 1016.50 above 1015 breakout level, high 1038.50, low 1015, close 1036.75]
trade for 06/14/2002 Friday <$$$>
scenario: If reports are all good, 25-30 pts bounce would be
valid again with support 1001.
scenario: Wth bad reports, resistance pivot (stop) 1016.50,
target 98x should be hit before
10:00AM PST; if not, black Monday possible.
covered short at 1009-1011 on Thursday, try to short again with
1016.50 stop. If this
1003 is hit at globex, cover some.
update: 1001.50 stop, selling bais, target 981-978. Watch
out 978 target, can reverse to buy side with 987-988 stop.
For stocks, once it hits 980 area, buy buy buy stocks.
Globex high 1011, globex low 997, open 997.50, high 1001, low
978, bounce high 1011, close 1010]
trade for 06/13/2002 Thursday <$$$>
pivot support 1012.75 (reversal down pivot), and 1015.50
scenario: (If 1030 is broken before 7:00AM)
buying 1004 with 1003.25 stop "could be" a bottom already
for a intermediate bounce (50 pts). Support/stop
1020, target 1029.50 (spike 1034). Aggressive trade: After
midnight, 1020 stop, buy side.
market got stalled at 1030 area, it can plunge 30 points before
weekend as easily. Resistance pivot 1030 (ES02U), target 1020,
Update: Stop 1020.50, selling bias 1019, target 1013; support
1009.50 for buy side.
update: Stop 1022, short 1020.75, target 1010-11 testing.
Globex high 1028, globex low 1016.75, Open 1017, opening high
1019.25 first hour low 1010.75, day high 1025.50, afternoon
low 1008.50, close 1011.25]
trade for 06/12/2002 Wednesday <$$$>
(stop) 1120.75, support (stop) 1100.50. Sell high, buy low.
trade: try to short at Globex after mid-night.
market can not take 1010 out before 7:17AM, then don't have
to force the short trade.
update: Stop 1003.25, buy 1004, target 1012, if broken, then
target 1026-30 target.
Morning high 1020, low 1002.5, reversed short to buy side from
1004, high 1022.50, close 1020.5] We
have reviewed most of better-than-average newsletters for day
trading sp on Wednesday, NONE of them had a buy order below
1014, some of them just had the buy signal at 1015 area; some
lost, some gain a little. We were the
only one had the buy signal at 1004 with 1003.25 stop!
trade for 06/11/2002 Tuesday <$$$>
side is better than short side with 1027 stop for target 1040,
trade: Enter at Globex after midnight.
If traders have made more than 10 points for last 2 days, try
to risk 2 points with 1/2 entry.
traders wait for opening. If it opened above 1032, then 1030.50
stop, buying bias, target 1040-41. Keep in mind, the middle
= 1035.50. If
it opened below 1030, anohter strategy.
update: 1033-34 pivot broken, reverse to short selling bias,
target 1020 area.
Update: Another short, stop 1028.50, short 1027.50, target 1020
again, if broken, next target 1015-1010.
Globex low 1028, stop 1027 worked, high 1045 target hit. Opened
1037, high 1040, low 1012.50, close 1014]
trade for 06/10/2002 Monday <!/$>
1025-1026 support, buying bias. Resistance/stop
1036-1037 for selling bias.
1037 is intact first hour after the opening, then it will test
1025-6. Violent sell-off won't be triggered unless 1024 is breached.
Update: Stop 1039.50, short 1038.50~38, target 1032.50, if broken
target 1029. Expected close 1032.
Open 1028, high 1039.25, low 1025, close 1032.25]
trade for 06/07/2002 Friday <$/!>
1022 area. support 1010. The target on our map 1022 and 101x
have been hit after Thursday close. Waiting for Job report at
5 minutes before the opening: Stop 1010, can buy for target
1018-1019 testing; if 1022.50 is broken, next target 1030.
Open 1015, Low 1010.50, high 1034, close 1028.50]
trade for 06/06/2002 Thursday <$$$>
out! this 1048.75 has been broken before mid-night, conservative
traders better stay side line for the time being!
after the opening: Stop
1046.25, buy 1047.50 target 1050 testing. If 1046.25 is broken,
market would reverse down.
1046.25, selling bias at 1044.5-1045.5, target 1040.
1043, selling bias at 1042 again, target 1032.
1039.5-1038.50, selling bias target at 1036-37, target 1030
if broken trailing target 1022.
1032, selling still, target 1022, if broken 1010. Just use trailing
for target, because target 1022, 1010 are on our map.
Globex high 1053.75, open 1050, high 1051, low 1025.50, close
1029.75; after close globex opened gap down at 1013.50]
trade for 06/05/2002 Wednesday <$>
1036.75, buying bias, target 1056-59, then followed by...
points from Tuesday low).
mid-night, support/stop will be 1040.75, buying bias. Can only
risk 1-1.5 points.
1047 is intact at 7:00AM, then market could test 37-8 again
before another buying bounce.
9:00 Update: Stop 1039.50, buying bias.
Open 1043.75, high 1050.75, low 1038.50, close 1050.75]
trade for 06/04/2002 Tuesday <$>
side trade sp by following Dow. Pay attention to Dow Jones 95xx.It
would be around 1025 for SP02M. If it gets hit on Tuesday, then
buy bounce for two days. First 90 minutes after opening is crucial.
If bounce is disappointing, another story.
1047 (agg short is at 45.50), support 1035-37.
this 45-47 gets hit after mid-night or opens gap up at this
level, try to short one more time for 1037 testing, if 1037
broken, next target 1031 testing.
in mind, Western diplomats are scheduled to mediate from Wednesday.
Karachi time is about 12 hours ahead of PST, so Tuesday mid-night
(the one after USA Tuesday close) will be Karachi's Wednesday
noon, market could bounce strongly before Wednesday Dow opens!
It could bounce 35+ points as easily as it had plunged (Timing:
late Tuesay. Don't forget about Dow 15xx.)
the only good timing for shorting one last time would be before
Tuesday US close. Support 1037, 1031, 1025. Market can get stalled
at any of these support. Trade step by step.
Update: Stop 1030-1030.75 buying bias, target 1047 testing.
Open 1035.75, high 1047, low 1030.75, close 1041.75]
trade for 06/03/2002 Monday <$>
stated on last Friday, 30~35 points plunge from last Friday's
high 1080.75. Expecting follow-thru selling at 8:00AM.
attention to the nuke tension between these 2 countries!
Dow jones could flush 300 points to 9600-9550 easily. Without
this nuke tension, market would start, anyway,
to plunge rom 1080-82 area at 8:00AM Monday.
without this nuke tension, market would start, anyway, to
plunge rom 1080-82 area at 8:00AM Monday.
resistance is at 1073.50 now but aggressive stop (trailing)
sould be at 1070 area for target 1050-1045 anytime before
9:00AM, Wednesday, or the earliest Tuesday opening.
If 1058.50 is broken, then 1050-1045 could be hit anytime
before 7:00 AM Tuesday