| November 23rd, 2010 09:15 AM |
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| membar |
I always pick the worst times to start FKOS :(
Hope you're all doing well. I miss you all. Will try and post again this evening. |
| November 23rd, 2010 10:23 AM |
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| wanlorn |
SPX bounced off S2 twice
SPX Pivots
P = 1193.69
S1 = 1188.70
S2 = 1179.50
S3 = 1174.60
XLF and SPX faily synched up at the moment.
XLF Pivots
P = 14.65
S1 = 14.54
S2 = 14.42
S3 = 14.31
Looks like S2 is going to hold us up for a while though a dip to S2-S3 Mid Point (SPX 1177 and XLF 14.37) is possible if we dip below S2.
For now I'd be buying bulls at s2 and selling at 33% point of S1 - S2 (SPX 1182.5 and XLF 14.46)
(Edited by wanlorn) |
| November 23rd, 2010 11:13 AM |
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| wanlorn |
Bout to jump in TNA looking for 55.60ish |
| November 23rd, 2010 11:35 AM |
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| wanlorn |
Jumped in TNA 1k at 55.10 exit goal is 56.22. Stop set at 54.25.
SPX hit S2-S3 Mid point and bounced off. XLF stayed above S2. TNA S2 = 54.46 |
| November 23rd, 2010 11:42 AM |
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| wanlorn |
So far so good getting a nice bounce back off that dip. Ready to sell TNA if it doesn't break through 55.50 here. |
| November 23rd, 2010 11:48 AM |
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| wanlorn |
Still holding.. SPX still climbing so I think TNA is just taking a breather here. |
| November 23rd, 2010 11:52 AM |
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| wanlorn |
Ok sold at 55.27 for a small profit.. will look for another entry on the bounce. |
| November 23rd, 2010 11:54 AM |
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| wanlorn |
grr should of held on.. |
| November 23rd, 2010 12:01 PM |
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| shazee |
Wanlorn or anybody,
what do you think about BGU? the gap from last Wed. already getting filled. TNA still has the gap. $53ish is a good price to jump in, IMO.
Any thoughts on UYG as well? |
| November 23rd, 2010 12:08 PM |
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| wanlorn |
Jumped back in at 55.10 again |
| November 23rd, 2010 12:12 PM |
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| wanlorn |
Sold at 55.53.. puts me up 600 minus fees.
Sorry Shazee I don't follow BGU or UYG.. hopefully someone else will chime in.. hint hint all you lurkers out there.. I see you hanging around.. |
| November 23rd, 2010 12:23 PM |
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| shazee |
Good luck Wanlorn.
I am trying to find something good to buy and hold till Friday. |
| November 23rd, 2010 12:31 PM |
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| wanlorn |
I'm too chicken to buy and hold even if I know its nearly a sure thing.
I jumped in once more at 55.25. |
| November 23rd, 2010 12:31 PM |
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| wanlorn |
Sold 55.51 |
| November 23rd, 2010 12:39 PM |
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| shazee |
Everyone has a different style of trading. Professional traders always advised me to buy small amount at pp and then add on as it goes up.
Direxion is risky.
You buy TNA per pound and I buy TNA per ounce. It does not hurt me if I hold overnight and add/ sell later. Sentiment is still bullish for the end of the year despite of when we get to 1200 or 1220, then the bad news showing up in media. |
| November 23rd, 2010 12:43 PM |
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| andy0323 |
In TNA @ 55.26. Holding 'til EOD.
I agree with shazee. Overall sentiment is Bullish imho and the recent news are "reasons" for a pullback. |
| November 23rd, 2010 12:53 PM |
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| wanlorn |
Quote:
shazee wrote:
You buy TNA per pound and I buy TNA per ounce. |
So true.. I realized early on that I had serving size issues. I probably wouldn't mind overnights if it was a 1x etf or my position was 1/3rd the size.
Sad I missed this move. I kept trying to get in on the dips cause I knew we were going up big. I almost bought in at 55.25 again butI hesitated and the moment was gone.
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| November 23rd, 2010 12:55 PM |
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| andy0323 |
TNA @ 56.39... should have made the move, wanlorn! |
| November 23rd, 2010 12:59 PM |
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| wanlorn |
No joke.. I hesitated and didn't win big.. I was afraid of pushing my luck 3 nice wins in a row even though I knew it was only a matter of time till we popped. |
| November 23rd, 2010 01:22 PM |
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| wanlorn |
Won't buy into TNA again today unless it falls back to the 55.50 level again. |
| November 23rd, 2010 01:32 PM |
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| BullDog |
Fed minutes out in 1/2 hr |
| November 23rd, 2010 01:37 PM |
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| andy0323 |
I wonder how the market will react from the FOMC minutes. |
| November 23rd, 2010 02:17 PM |
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| wanlorn |
Looks like we may get back to 55.50 again. |
| November 23rd, 2010 02:18 PM |
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| shazee |
Something must 've happened. USD is going up. |
| November 23rd, 2010 02:26 PM |
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| andy0323 |
I'm waiting until EOD anyway. GL everyone... let it ride, up or down. |
| November 23rd, 2010 02:27 PM |
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| wanlorn |
Got in at 55.60 lets see where it goes. |
| November 23rd, 2010 02:33 PM |
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| shazee |
I'll wait till it gets $53 and then I buy my 2.75 shares. |
| November 23rd, 2010 02:36 PM |
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| wanlorn |
Out at 55.81.. Thats $1070 - fees. I think I'm done for the day.. |
| November 23rd, 2010 02:45 PM |
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| andy0323 |
Quote:
wanlorn wrote:
Out at 55.81.. Thats $1070 - fees. I think I'm done for the day..
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GJ wanlorn. Relax... now that this portion of the day is long way behind you. :) |
| November 23rd, 2010 03:14 PM |
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| BullDog |
Fed minutes did not generate any action |