-8.5 point. Traded 4 contracts the first time. Stopped out at 1043.75. It then bounced back to the entry point. Shorted @ 1044.5 – 1045. target 1044.25, a tick above the session’s support area. Stop set at 1050 Friday’s close. Will review it in the morning before the market open.
In the begining of the Monday session, the short was covered at the target 1044.25. – 4.5 point now.
YM -41 @ 9712, ND -8.5 @ 1041 and ES -4.5 @ 1044.5. Will short @ 1045 again.
For those who are interested in emerging market in China, here’s the new USX China Index (United States Exchange China Index). It is comprised of companies whose common stock is publicly traded in the United States and whose primary business is conducted within China.
Stopped out @ 3.88. SNP stalled, let’s get out in light of current market correction. SOHU is approaching support level at 30, if it holds up, then go long again with target 35 annd stop right below 30.
Triggered by OPEC’s cut in oil production, all indexes dropped a lot. Although they were above or at support levels, the increased volume was troublesome.
EBAY hit the target @56 though the intraday high was 57.2. Left a lot of money on the table due to lack of time on watching the market closely.
Long: QQQ Oct 32 Puts, SNP (target 28 and trail 2), SUNW (trail 0.3) and MSFT SSF (target 31.5 and stop 28).
EBAY intraday high was 57, but the sell order’s condition was not met. So I still long EBAY SSF. The order is changed to two market sell orders with the conditions of EBAY last price <= 54.5 or >= 56.1. The long tail on the candle looks bearish though, which is why the lower limit is set to 54.5. It’s hard to set trail stop on SSF since it’s not traded often, therefore, the trailing does not work.
Edit: Looking at the intraday chart, the 57 print was not shown there. It might be a misprint on other quote source.