E-Mini Swing Trading
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Archive for June, 2009
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June 30, 2009

Where are you, Mole~?

Fujisan here.

Mole is nowhere to be found for the past 20 hours and the number of the comments have been accumulated more than 500 counts.  In the mean time, Isaiah is asking me to do a comment cleaner, so there you go.

Mole, if you are somewhere out there, please hurry back home.  We are all waiting for you~~

9:00 am EST update: I heard from Mole last night that he is doing fine taking care of his family.  He will be back soon.

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June 30, 2009

Just One More Thing

No changes in any of the scenarios – things are in equilibrium right now and could swing either way – it’s not an easy spot to pick trades at this very moment. We need more time and more evidence.

Any of these scenarios are possible right now and the main reason for the bearish ones are the divergences I see between the Nasdaq, the Dow, the SPX, and the Trannies. The market however needs to show its hand and perhaps due to end of quarter tape painting has refused to do so.

I’m not going to sugar coat it for you rats – picking a direction is extremely tough right now as the count is stuck somewhere in the middle and thus accomodates [...]

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June 29, 2009

Divergent Monday Rub Down

Today was divergence day IMNSHO:

I told my subs this morning to be cautious as this looked like a classic bear trap – you can see how we dropped at the open but the Lite was not budging. Fortunately I was right and we got a massive swing to the upside. That was followed by a very clear divergence and we did get a few points to the downside but not as much as I had hoped for. Anything after that was pretty much a mess and I didn’t place any discretionary trades.

Program Trading Report:

Geronimo: +2.5

Two scalping trades today – one winning and one break/even – I’m counting this as 8 for 8 – wohooo!!!

In all [...]

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June 29, 2009

The Games Continue

3:11pm EDT: While the Yen was busting higher today the ole’ buck took it up the rectum:

However, as long as we don’t breach that red line the bullish scenario is still in play – wish they wouldn’t tease it out so much but that’s the name of the game of course.

The 10-year treasuries are bouncing back nicely – as predicted a week ago.

Another perspective on this – the 10-year treasury yield (TNX) – we sliced through an important diagonal support line like butter and to my chagrin we didn’t get a retest (thus far). If we do I’d be shorter than a midget in a limbo [...]

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