Archive for May, 2009

  • Let others fight it out
    Posted by vinaydh on May 31st, 2009 at 10:36 pm, Comments: 0

    I have been saying all along that this is not the market to be shorted. Now we are at a critical juncture. I have been looking for s&p to tag 200ma. Another 10 point move and it will be there. It might be able to do that tomorrow.
    I always try to have a definite bias, [...]

  • Bulls ruined the weekend for bears
    Posted by vinaydh on May 29th, 2009 at 3:52 pm, Comments: 0

    Anyone short was asking for trouble. I was watching the 914 level on ES. The bulls were having trouble getting over that level for the last three days. So in the last 10 minutes the powers to be decided to fly over 914. I didn’t stick my neck out because the whole day I was [...]

  • Sold the rest of OIH Jun 105 calls @ 5.25
    Posted by vinaydh on May 29th, 2009 at 8:58 am, Comments: 0

  • To chase or to not chase
    Posted by vinaydh on May 29th, 2009 at 7:49 am, Comments: 0

    This market is slowly but surely grinding higher. Anyone shorting this market is taking pain. I have been saying all along not to overthink. Even I know that the economy sucks but then the market wants to go up. It seems most are leaning to the short side. Let me give a glimpse of some of the [...]

  • A short idea
    Posted by vinaydh on May 28th, 2009 at 2:11 pm, Comments: 0

    I will give a short idea for those who are still not able to take off their bearish glasses. Short FSLR @183 with stop above 187. Yes, the stop is wide but then it’s a volatile stock. Caveat emptor, I am not taking the trade.

  • Sold 50% OIH Jun 105 calls @ 4.05
    Posted by vinaydh on May 28th, 2009 at 1:09 pm, Comments: 0

  • Sold ES @ 904.75
    Posted by vinaydh on May 28th, 2009 at 12:25 pm, Comments: 0

  • Bought ES @ 887.50
    Posted by vinaydh on May 28th, 2009 at 9:15 am, Comments: 0

  • No need to overthink
    Posted by vinaydh on May 27th, 2009 at 8:32 pm, Comments: 0

    Market sold off swiftly on the jump in 10 year note yield. The sell off was severe price wise but the breadth was not that bad. We have another treasury auction tomorrow so that’s another uncertainty. I am positioned lightly on the long side and see no reason to change the bullish bias yet. At [...]

  • Sold ES @ 908
    Posted by vinaydh on May 27th, 2009 at 9:05 am, Comments: 0

    P.S. I am not short from 908. I closed the existing long from 881. I would explicitly say short if I go short.