Google issue stock worth $4 billion
DJ: -4.22 Nasdaq:-9.07 S&P:-1.22 (S&P future before market open: -3.1)
10-Yr Note +17/32 at 4.20%
Goldman Sachs raises long-term oil price forecast to $60 from $45; crude futures, though, continue to slide
MO and tobacco stocks rally as related class action suit is decertified by Ill. Supreme Court
Several retailers issuing guidance below consensus estimates
Today market start in the RED. My emotion is Down with the market seeing all the position drop with the broad market. I was most constipate by AAPL, since still to have doubt that i might make to wrong decision to stay, since i started with a Day trade entry. The overall daily graph of AAPL shows mild retracement, however, history show when AAPL go up strongly, it will retracement for a long while. Anyway, since i have decided to stay, will still stay through and see what happen next.
Most retail sector has a mild rebound before the market closed today. Hopefully this will provide move space for the market to rebound. All position initiated this week are in RED.
Active position: TXU, AAPL, NTES, JWN.
TXU -0.66 (94.10) : TXU position is still in positive for me. However, the credit gain for Bull Put Spread is now $60 drop from $70 yesterday.
AAPL -0.85 (46.30) : AAPL make a new low of previous day. Daily graph show mild retracement. Still be able to hang on to it at this point. The Sep 45 Call now is just worth $2.65 compared to $3.20 yesterday. Now, I'm at loss of $105 on this position. This is the position that make me constipate the most, since it is a straight call.
Lesson I thought I've learnt at this moment from AAPL: Never convert a day trade into short term position especially when my entry is very high. This position might be most probably a losing position due to buy high sell low. However, it is in mid retracement, hopefully it will have to momentum to crawl back up, and at least make a new high of previous day, and higher low. Overall, the stock is still bullish without any negative news.
NTES -1.40 (73.65): NTES has been drop from 78 from pass 3 sessions. Perhaps it's time for a rebound. Due to the retail sector bearish, Internet retail is affected too. Since, NTES is quite bullish, hopefully it will rebound on tonight session. However, the chances is slim since tonight is the expiration Friday. More bearish market will be expected. Currently, the Bull Put Spread credit loss is now $50 down from yesterday $35. Furthermore, NTES is going to know the door of $73.20, Oh god.... please up up up.... ;p
JWN -0.26 (34.04): JWN has a mild retracement on yesterday huge gain. 22dma and 50dma meet at 34.60, creating a strong resistance to JWN. However, a mild bullish market will help to push it above. Oct 32.50 Call current value at $2.65 compare to $2.90 yesterday. Paper loss at $25 as of today.
10-Yr Note +17/32 at 4.20%
Goldman Sachs raises long-term oil price forecast to $60 from $45; crude futures, though, continue to slide
MO and tobacco stocks rally as related class action suit is decertified by Ill. Supreme Court
Several retailers issuing guidance below consensus estimates
***************************
Today market start in the RED. My emotion is Down with the market seeing all the position drop with the broad market. I was most constipate by AAPL, since still to have doubt that i might make to wrong decision to stay, since i started with a Day trade entry. The overall daily graph of AAPL shows mild retracement, however, history show when AAPL go up strongly, it will retracement for a long while. Anyway, since i have decided to stay, will still stay through and see what happen next.
Most retail sector has a mild rebound before the market closed today. Hopefully this will provide move space for the market to rebound. All position initiated this week are in RED.
Active position: TXU, AAPL, NTES, JWN.
TXU -0.66 (94.10) : TXU position is still in positive for me. However, the credit gain for Bull Put Spread is now $60 drop from $70 yesterday.
AAPL -0.85 (46.30) : AAPL make a new low of previous day. Daily graph show mild retracement. Still be able to hang on to it at this point. The Sep 45 Call now is just worth $2.65 compared to $3.20 yesterday. Now, I'm at loss of $105 on this position. This is the position that make me constipate the most, since it is a straight call.
Lesson I thought I've learnt at this moment from AAPL: Never convert a day trade into short term position especially when my entry is very high. This position might be most probably a losing position due to buy high sell low. However, it is in mid retracement, hopefully it will have to momentum to crawl back up, and at least make a new high of previous day, and higher low. Overall, the stock is still bullish without any negative news.
NTES -1.40 (73.65): NTES has been drop from 78 from pass 3 sessions. Perhaps it's time for a rebound. Due to the retail sector bearish, Internet retail is affected too. Since, NTES is quite bullish, hopefully it will rebound on tonight session. However, the chances is slim since tonight is the expiration Friday. More bearish market will be expected. Currently, the Bull Put Spread credit loss is now $50 down from yesterday $35. Furthermore, NTES is going to know the door of $73.20, Oh god.... please up up up.... ;p
JWN -0.26 (34.04): JWN has a mild retracement on yesterday huge gain. 22dma and 50dma meet at 34.60, creating a strong resistance to JWN. However, a mild bullish market will help to push it above. Oct 32.50 Call current value at $2.65 compare to $2.90 yesterday. Paper loss at $25 as of today.
posted by mikanico at
3:15 PM
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