Google (GOOG)- A Bearish Play

By | Trade Ideas | One Comment

It was an intense sell-off day with down volume accounting for over 90%. All of the major indices have now broken and closed below their September 25th lows and their uptrends dating from the July 8th. Chicago PMI had already provided hints that things aren’t that rosy yet. But hey, who knows. This might be a short term pull back, to quench the bears’ thirst, before new advance resume. Whatever your outlook is, play it cautiously. Usually not many traders want to play bearish trades on Google (GOOG) but sometime one has to take a chance. Based on current market…

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Is It a Follow Through Wednesday?

By | Daily Report | No Comments

A few days back I mentioned about “show me the volume“; It was no different yesterday in spite of such a huge market rally. And even after what might look like a resumption of the bullish trend, it was no way closer to a 90% upside day for NYSE. So handle with care. Pete of option-1 suggests not to buy into this rally. We’ll see if markets can follow through yesterday’s gains to push it to higher levels. Be on the lookout for volumes. The coppock curve has stopped declining, for the time being, and now flattening to turning positive. …

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A Terrible, and A Fantastic Week

By | Investment Strategy, OP Forum, OP Newsletter, Option Trading, Past Performance, Trade Ideas, US Market | No Comments

It was a terrible week for U.S. stocks and equally for almost every major stock markets worldwide. The Dow fell 157.47 points, or 1.5%, on Friday to close at 10,325.38, racking up a 7.3% drop for the week. The Nasdaq Composite Index fell 29.33 points, or 1.5%, on Friday to close at 1,947.39 and lost 10.8% for the week. The broader Standard & Poor’s 500 Index dropped 15.05 points, or 1.4%, on Friday, ending the day at 1,099.23. For the week, the index was down 9.4% for the week. But all this shouldn’t come as a major suprise to OPNewsletter subscribers especially…

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Pre-Market Losers

By | Intraday Trading, Trade Ideas, US Market | No Comments

A fantastic day (of course assuming that one embraces volatilities well) for some bearish play. Bearish plays on a bearish day can yield significant returns but one needs to be very careful and should clearly defined entry and exit points well in advance. Before I share the list, pls note that we may play some speculative trades for OPNewsletter subscribers as bonus alert, so pls stay in touch with the forum. TTWO, AAPL, RIMM, FSLR, GOOG, AIG, BAC, JPM, GS, CS, EWZ, POT, CF, MOS, MON One you have determined your entry exit points, choose whichever bearish strategy you would like to play (Put…

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Ospraie to shut flagship commodity hedge fund

By | Market Psychology, US Market | One Comment

Ospraie, It took 8 years to reach where it was, one of the largest commodities fund. It took nearly (or less than) 8weeks for it to close! According to a news published on Reuters, Ospraie Management LP is shutting its flagship commodity hedge fund after losing 27% in August and almost 40% this year, according to a letter that the firm sent to investors on Tuesday. Ospriae Fund Ltd., which had roughly $2.8 billion in assets at the start of August, is (was) one of the largest commodity hedge funds in the world. It’s down 38.59% so far this year;…

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Where is the Bull?

By | Trade Ideas, US Market | No Comments

Amongst all the bearishness in the market you might think there is none except one obvious answer OIL. There are many areas that are just moving up with their own share of correction along the up way. I have been mentioning my “Fantastic Four” for quite sometime. Even since my last post, in just less than two weeks POT is up >+10%, MOS is up >+20%, CF is also up >+10%, and MON >+5% after touching 52wk high. In fact, Intrepid Potash (IPI) touched 52wks high today (My post here). But keeping them is not easy and requires guts, well…

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