Today´s Market July 31, 2013

The much-anticipated FOMC Meeting Announcement reported Policymakers describing the pace of economic expansion as modest, The economy continues to need QE support, therefore a tapering of the bond buying stimulus is not imminent. The notion that economic recovery is slow and the FED needs to support it, leads us to believe that our economic state is far from well and reaffirms our view that the stock market is in a QE induced bubble.  IT seems that markets participants don´t share our point of view as they pushed the NDX-100 to the all time high level of 3110 before retracing, closing 0.16% .  On the Energy front, inventories came in higher than expected, but closed positive taking in stride the Fed´s comments.

Today´s Profit USD 710 (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

TOMORROW we will start placing our trades real-time on Twitter @NDXTrading (follow us)

 

 

Related articles

• FOMC Reveals Bernanke Keeps QE Juice Flowing, Taper Should Come Later This Year (forbes.com)
• Oil recovers to over $105 after earlier sharp fall (heraldonline.com)

Today´s Market July 30, 2013

The NDX-100 reached the 3999 level before it retraced 25 points sharply followed by a bounce closing 0.53% positive, even though the DOW and the S&P 500 were flat.  The market keeps pushing higher reaching all time highs thanks to the FED´s QE, as economic and earnings reports do no warrant such lofty levels. Facebook is very close to reach its IPO and will most likely break the USD 40 level due to its better-than-expected earnings report last week where it stated 41% of its ad revenues came from mobile, a huge jump. On the energy front WTI oil closed 1.34% negative as traders await tomorrow´s Fed statement as well as inventory levels.  Our strategy worked fine today and we still maintain the view that the market is overbought. Tommorrow´s FED announcement as well as Friday´s Jobs report will be the catalyst for a correction or further gains in the market. Caution is warranted……

Today´s Profit USD 380   (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

In August we will start placing our trades real-time on Twitter @NDXTrading

 

Related articles

• Facebook Is Very Close To Hitting Its Original $38 Per Share IPO Price (FB) (businessinsider.com)
• Asia stock markets fall ahead of Fed meeting (kansascity.com)

Today´s Market July 29, 2012

The NDX-100 jumped all the way to 1381 level at the opening followed by a 20 points drop before it started what seemed a steady rebound  only to drop again in the last hour of trading, closing 0.24% negative.  As mentioned on Friday, this week will be very volatile due to important economic releases as GDP en Non Farm Payrolls.  The market is in overbought territory thus we prefer short on pikes. CNBC mentions that  investors are getting a little too comfortable these days with unspectacular earnings and weak economic growth, suggesting to one otherwise-bullish Wall Street analyst  (Tobias Levkovich, chief U.S. equity strategist at Citigroup) that some pain is ahead. We recommend to tighten stop losses as the correction could be fast and violent in nature.

Today´s Profit USD 230   (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

In August we will start placing our trades real-time on Twitter @NDXTrading

Today´s Market July 26, 2013

Soon after the opening the NDX-1oo shot up, only to experience a sharp drop followed by a constant upward move until closing. Consumer Sentiment came out at a 6 year high, thus giving the market a reason to rally. Next week will be economic data heavy, therefore we will experience lots of volatility. On the energy front, WTI closed 0.75% lower as traders are booking  profits.. Even though today´s trading environment is not favorable for our strategy we feared well and still  maintain the view that  both the NDX-100 and WTI oil are overbought, thus our biased is to short spikes.

Today´s Profit USD 225   (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

In August we will start placing our trades real-time on Twitter @NDXTrading

Today´s Market July 25, 2003

The NDX-100  pushed forward on the back of great Facebook earnings closing 0.67% positive. Today´s trading environment presented 20 plus up and downs moves providing our strategy with great trading opportunities. At current levels we prefer shorts on spikes as the market remains in overbought territory. On the economic front, Durable Goods Orders numbers came in better that expected thanks to a big increase in transportation orders although other segments of the economy were muted showing no increase whatsoever. For the economy to push forward we need to see the broader economy posting great results.

FB closed with a 28.o4 % gain and has left investors wondering as the future of the stock.  The company basically runs a media service, where users look at  friends´ pictures, activities and so on. It has become a great communication and marketing tool as well.  The risk is that a better service may come around the corner  and cut some of FB market share or even taking their dominant market position (similar to google and yahoo).  That would be disastrous……. On the other hand, FB could find a way to “really” monetize its 1 billion plus users. Earning possibilities could be extraordinary if they were to create a service, gadget, etc ( Apple style) that users could not do  without.

Today´s Profit USD 295   (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

In August we will start placing our trades real-time on Twitter @NDXTrading

Today´s Market July 24, 2013

The market (NDX-100) opened significantly higher at 3059 due to Apple earnings report, but it was not able to maintain its gains   falling to 3041 at closing (still 0.32% positive).  Even though, New Home Sale numbers were great,  the market was not able to push above opening levels,  suggesting that we are in overbought territory. At current levels caution is warranted as any bad news could start a fast and violent correction; lets remember that when everybody crowds one side of the market it is best to jump to the other side.  Oil prices had a significant drop as China, the second world oil consumer, posted an 11 month low PMI report, although drops in U.S. refined product and crude stocks helped stem losses. If next week inventories come higher than expected we could see the beginning of a dramatic bearish move in oil prices.

Today´s Profit USD 635   (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

In August we will start placing our trades real-time on Twitter @NDXTrading

Related articles

• Apple Lifts U.S. Stock Futures; Caterpillar Dips While Pepsi Pops (blogs.barrons.com)
• Market Snapshot: U.S. stocks mostly fall as yields climb (marketwatch.com)
• Futures Movers: Oil falls as China data disappoint (marketwatch.com)

Today´s Trading July 23, 2007

The NDX-100 spiked higher at the open, reaching the 3063 level before moving  downward closing 0.78% negative.  The market is finding it difficult to make new highs and we maintain our short on spikes bias. It will take good economic numbers as well as solid earnings reports to keep this market moving forward. Apple reported after the bell, beating analysts expectations but  fourth-quarter sales guidance fell short. Apple shares traded higher after the announcement but we will have to wait until tomorrow to see follow through. On the Energy front Oil was very volatile, WTI declined all the way to the 105.53 level only to bounce above 107 at closing remaining  overbought.  Bloomberg mentioned: “David Lennox, resource analyst at Australian trading firm Fat Prophets, said the price of WTI is set to correct by as much as 35 percent from current levels by the end of the year as investors realize that U.S. demand levels are not as strong as originally thought”.

Today´s Profit USD 420   (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

In August we will start placing our trades real-time on Twitter @NDXTrading

 

Related articles

• U.S. Oil Imports Hit 13 Year Lows (etfdailynews.com)
• NEW: Local gas prices up 5 cents in week and heading higher (heraldtribune.com)
• Can Apple Inc. (AAPL) Save The Tech Sector? (etfdailynews.com)

Today´s Market July 22, 2013

The market opened higher and traded mostly sideways closing 0.34% positive (NDX-100), while WTI oil closed 1,23% lower. Today´s trading environment favored our strategy of shorting on spikes. On the economic front both the Chicago Fed Index and the Existing Home Sales reports came in lower than expected. The 30 year mortgage rate spiked to 4.07%  and home prices have had a significant increase in prices as well, which could be the reason investors are refraining  from investing in homes. We maintain the view that the stock market is in overbought territory and caution is warranted as a correction of approximately 3% to 5% could be around the corner.

Today´s Profit USD 442   (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

In August we will start placing our trades real-time on Twitter @NDXTrading

Today´s Market July 19, 2003

As Google and Microsoft earnings report came out badly, to say the least, the NDX-100 opened with a 30 point loss and drifted lower to close 1.07% negative. Amazingly the SP-500 and the Dow feared much better closing  at 0.16% positive and 0.03% negative   respectively. As we have been mentioning the market is in overbought territory and is susceptible to any bad news. Amazingly enough, the downward move was ignited by Google and Microsoft instead of Detroit´s bankruptcy protection filing; we are talking of a major US city, the car capital of the world !!!  On the energy front,  WTI was very volatile closing 0.22% positive remaining  overpriced.  We took advantage of the stock market as well as WTI volatility  to close open positions. We maintain the view that the market is still at lofty levels, therefore prefer shorts on spikes.

Today´s Profit USD 350   (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

In August we will start placing our trades real-time on Twitter @NDXTrading

Related articles

• TECH STOCKS FALL: Here’s What You Need To Know (DIA, SPY, QQQ, MSFT, GOOG, CMG) (businessinsider.com)
• Market Snapshot: U.S. stocks drop; Microsoft sinks 9% (marketwatch.com)
• US Index Futures Drop as Google, Microsoft Disappoint – Bloomberg (bloomberg.com)

Today´s Market July 18, 2013

After good economic releases the market shot upwards reaching the 3091 level (NDX-100) before turning down closing 0.26% positive. The DOW managed to hold to its profits hitting a new all time high. On the energy front WTI amazingly reached the 108.22 level on the backdrop of above expected economic reports.  Our trading strategy worked well today but the trading environment has been difficult, thus still maintaining our strategy of shorts on spikes. We belief the market is in overbought territory and a substantial reversal is imminent, but do recognize that markets can stay overbought for some time. Let´s see how earnings come out after close as to get some clues for tomorrow´s trading……

 

Today´s Profit USD 567   (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

In August we will start placing our trades real-time on Twitter @NDXTrading

Related articles

• S&P 500 Rises to Record on Jobless Claims Data, Earnings – Bloomberg (bloomberg.com)
• The Dow Continues Its Earnings Ramp-Up (fool.com)