Friday Trades

During large market drops money goes to “fear” assets such as gold, USD, and oil

IN
DBO – ratio long calendar strangle (1/5) to the long side
GLD – long strangle ( 1/1)
SDS – long. Inversely tracks the SPX. Holding until market strength returns.
UUP – when the public takes money out of the market they put it into what they consider safer assets such as cash
VIX – I anticipate the VIX (fear index that calculates volatility in the market) will continue to go up into next week
CME – I found a good bargain on one of my favorite stocks during the dip so I added to the position
ROVI – This is a stock I have been watching for a good entry for a long time and today it hit my buy level
FRX – This is another stock I have been waiting to enter

OUT
TUP – held very poor strength breaking below support levels so I decided to take the loss and move on
CME – Took profit on CME PUT protection I put on recently

Trade Strategy – Week of 1/17/11

OUT (Early week)
IEF
FRX
TUP

Add to CME when MAR-11 340 CALL premium drops to 4.00.

Wednesday Trades

Wednesday: Focus on protecting profits more than making them.

IN
FRX – FEB 11 32.5 CALLS
TUP – FEB 11 50 CALLS

OUT
UUP: +0.08
INTC: +0.24
INTC: -0.01
RCI: -0.57

Portfolio

High Probability Setups – Week of 1/10/11

BBD
Buy trigger: 19.30
Tech: TL support.  Look for support at 200 ema and wait for stochastics to turn.
Timing: Mid-week.

CME
Buy trigger: 302
Tech: Strong channel and stochastics about to turn up.
Timing: Start entering on Tuesday.

ICE
Buy trigger: 111.50
Tech: Look for ICE to tag the 200 ema.
Timing: Mid-week.  Anticipating a bit more downside.

TUP
Buy trigger: 46.50
Tech: Watch for stochastics to turn up.
Timing: Mid-week.

WM
Buy trigger: 35
Tech: Waiting for oversold levels and TL retracement.
Timing: Later in the week.