Today´s Trading September 12, 2013

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It seems as the market grew tired of rallying as the NDX 100 closed 0.14% negative. CNBC mentions: “There’s not a lot of news out to drive the markets higher or lower—we have the Fed meeting next week and have seen a big run up in the last few days so it’s not surprising to see a bit of a pause here,” said Joe Bell, senior equities analyst with Schaeffer’s Investment Research.  We prefer short on spikes as we think the market is severely overvalued.

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

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Today´s Market September 11, 2013

ndx0911

The DJIA and SP-500 closed higher but the NDX-100 closed 0.16% negative due to Apple 5.44% drop. Earlier in the session the NDX was substantially lower but it recouped some of its losses towards the end of the session.  Last night President Obama gave Syria a window of opportunity to avoid being bombarded if they turned biochemical weapons to the UN, giving the Dow Jones impulse to close positive for 7 days in a row. We still maintain that the market is overpriced and a sharp correction should be expected.

Today´s Profit USD 60 (Portfolio Size: USD 25,000)

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Today´s Market September 10, 2013

ndx0910

The market opened higher on the back of strong closes in Europe, where shares closed the highest since May.  China´s positive economic news as well as fears of a military action in Syria receded played a role in today´s rally. The NDX closed 0.62% posting a six-day positive close. In our view the market is severely overpriced but the upwards movement has been relentless. Tonight, President Obama will address the nation on Syria thus we will remain attentive as any sign of an attack on Syria will be followed by sharp market corrections. We prefer short position on spikes.

Today´s Profit USD 595 (Portfolio Size: USD 25,000)

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Today´s Market June 09, 2013

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As CNBC describes it: Stocks kicked off the first trading day of the week with a bang, with the Dow having its best day in two months, lifted by upbeat economic data from China and despite ongoing worries over Syria. WTI Oil ended lower as President Barack Obama the United States would take into consideration  Russia’s potential plan to put Syria’s chemical weapons under international control but would keep the pressure on Damascus by asking Congress to authorize U.S. military strikes.

Today´s Profit USD 235 (Portfolio Size: USD 25,000)

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Today´s Market September 06, 2013

ndx0906

Talk about volatility!!!  The NDX-100 opened higher even though the Non Farm Payroll data came in softer than expected, dropped violently during Mr. Obama speech and rebounded as the war expectations dropped. Towards the end of the trading session the NDX 100 dropped somewhat as traders took profits.  We were able to take advantage of today´s volatility and closed positive for the day. We still believe the market is overbought and should correct, thus we favor short positions

Today´s Profit USD 242 (Portfolio Size: USD 25,000)

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Today´s Market September 05, 2013

ndx0905

Good economic news kept the NDX-100 above water closing 0.17% positive. Tomorrow the all important Non Farm Jobs Report will be released. If the number falls in the lower side or below expectations we will experience a sharp correction.  The US Congress has not given the green light for Syria´s attack which has market participants nervous as to whether the military action will take place and what repercussions it will have on the US economy. Reuters mentions that Benchmark U.S. yields briefly topped the key 3 percent level on Thursday as stronger-than-expected U.S. economic data reinforced views the Federal Reserve could slow its massive bond buying program soon, prompting a global bond rout. Higher yields will slow our already sluggish economy with negative effects on the stock market……

Today´s Profit USD 202 (Portfolio Size: USD 25,000)

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Today´s Market September 04, 2013

ndx0904

The NDX-100 rallied throughout the whole session closing 1.06% positive.  Reuters mentions that U.S. Treasurys prices fell on Wednesday as investors saw a Western strike against Syria as less likely, with yields on short- to medium-term debt hitting two-year highs on speculation about when the Fed might tighten policy. Higher interest rates do not bode well for the economy, thus we are not convinced the stock market should be this high. We maintain our view that the market is in overbought territory and will maintain our strategy of opening short positions os spikes, which worked very well for us last month.

Today´s Profit USD 227 (Portfolio Size: USD 25,000)

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