Trader Tony » Trade update

SPX Update. Vacuum up to 1128-1130 area.

tradertony — Tue, 02 Mar 2010 09:56:54 +0000

Markets kept going up slowly during yesterday’s trading session. We are now right below the resistance. should a breakout occur on Tuesday, we are going to 1130.

If there is now breakout today, I would be looking for a pullback to 1105. After that it’s anyone’s guess, what will happen next – a break up to 1130 and possibility of 1150, or a breakdown to 1080-1085.

Here is also a Volume-Weighted Average Price (VWAP) chart below. It suggest that there is a lot of Vacuum in the 15 pt. range right above us. So, should the move up happen, it will be FAST.

Still holding my GS puts, as the stock remains under severe pressure.

List of Stocks to trade.

tradertony — Thu, 18 Feb 2010 10:15:25 +0000

Here are some interesting possibilities, with 20-30% upside potencial in the Basic Materials Industry:

CDII – buy at 1.55, stop below 1.45. Will be looking for a 100% return in a couple of months.

TIE – this is a real gem, check out the chart below. Looking for >50% return in a couple of months. Buy at 10-11. Stop below 10.40.

ATI – it represents the same chart pattern as TIE, though expected returns are not that exciting. Thus I would suggest buying some 45@March Call Options in this one. Target ~50$ by March Expiration.

Real trades. Update. Market Overview.

tradertony — Wed, 17 Feb 2010 22:16:38 +0000

With the latest dollar uprise and the resistance above, there isn’t much chances for the market to rally hard by the end of this week. being an expiration week, there will be a lot of option related chop involved, so I would advice active traders to take a break from the market, or to a least lower the position size.

Today I have made several trades, according to my game plan. Didn’t trade GOOG though, as it lacks momentum and stayed almost flat through the day.

In fact, I was able to make only two trades (others were not executed, as the price hasn’t reached my target):

ABVT – bough February Calls@60 for 0.60$, sold for 1.60$, nice return for a one day’s work.

ADY – The main thing, I like this company is its finances – strong balance sheet, fast growth.I also liek the huge gap above that needs to be closed, thus my target for this stocks is 32$ by next options expiration. Have been accumulating Calls all day long. Average price 1.55 for March@25 calls.

Google Trade Update

tradertony — Mon, 15 Feb 2010 12:24:14 +0000

Still holding the options I bough. Looking for 570$ to be hit this week.

Looking for 1100 in SPX by Tuesday/Wendsday.

EUR/USD target 1.38 this week, 1.40 next week.

Exited USD/JPY

tradertony — Thu, 21 Jan 2010 14:46:22 +0000

Exited USD/JPY here at 91.70.

+ 50 pts.

Flipping long here at 1050

tradertony — Thu, 05 Nov 2009 09:49:13 +0000

The SPX futures are accelerating to the upside. Exiting here at breakeven and changing my bias to long. First target 1060. Then 1075 may be on cards. We’ll see. One of the reasons of the current strenght overnight is USD weakness.

SPX Futures Trade Update (04.09.09)

tradertony — Fri, 04 Sep 2009 16:21:05 +0000

So, here is how my intraday trade looks like (chack out the previous post).

That was a really quick rice from the support area at 1004-1006. Next tough area to take out is 1017-1018. It is a classical support-turned-resistance situation. If the resistance holds, then we will be looking at Inverted Head & Shoulders pattern with the price target at 950-960.

I don’t wont to be a hero here, so when we get to the 1016-1018, I will close my longs.

Short TBT

Trader Tony — Mon, 09 Feb 2009 16:57:42 +0000

Shorted [[tbt]] at 49.60. Stop at 50.60, target ~45.00-46.00

Stopped out

Trader Tony — Mon, 05 Jan 2009 16:04:45 +0000

Stopped out of the trade. Lost 5 points. Well, a good lesson to learn here – never enter a trade before the entry point is confirmed. In this case, I THOUGH there will be a rising wedge. In fact it was a clear double bottom.

Plan for the rest of the day is to wait for a pullback and just follow the trend and the trend is UP.

Edit: Teh market is really straggling to break above Friday’s hight, no follow through, it looks very undecideful right now and it easy to get shaken out. In fact the most profitable strategy today was – buy support, sell resistance.

Inverted H&S on SP 500. Update

Trader Tony — Wed, 17 Dec 2008 18:15:49 +0000

Better be prudent here and move your stop to Break even.