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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Today´s Market July 19, 2003

ndx1907

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

Today´s Market July 18, 2013

NDX1807

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

Today´s Market July 17, 2013

NDX1707

Today´s market activity was very choppy closing 0.25% positive as Mr. Bernanke gave his testimony in Capitol Hill. He stated that outcoming data  will determine QE tapering and that  accommodative policies will persist for the forseeable future.  As stated in Bloomberg : “We’re going to be responding to the data,” Bernanke said today to the House Financial Services Committee. “If the data are stronger than we expect, we’ll move more quickly” to reduce purchases. If data “don’t meet the kinds of expectations we have about where the economy’s going, then we would delay that process or potentially increase purchases for a time.”  On the economic front housing starts came in lower wich should have resulted in a lower market.  Our strategy work well today and we prefer to short on spikes.

Today´s Profit USD 310   (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 15, 2013

NDX1507

The NDX-100 opened slighty lower only to rebound a few points ending 0.21% positive. Today´s trading environment was extremely boring  with very little volatility. Our strategy did not perform well today, we lost 20 USD.  On the economic front,  Retail Sales came worst than expected shadowing Citigroup´s good earnings report as well as a great Empire State Mfg survey release. WTI traded 0.17% higher, but an interesting note was published by CNBC, “Oil prices should be about half of today’s $105 a barrel by the end of the year, Gulf Oil CEO Joe Petrowski predicted on CNBC on Monday. He stressed on “Squawk Box” that this trend is mostly on the supply side because record amounts of oil and natural gas are being produced in the United States and in Canada and OPEC supplies are higher.”  Lets wait and see…………

Today´s Profit USD (20)   (Portfolio Size: USD 25,000)

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

Today´s Market July 12, 2013

ndx1207

The NDX 100 opened approximately 10 points higher only to  trade down into negative territory before it gained strength and rallied to close  0.61% positive.  We still believe that it is best to short on spikes. Our strategy worked beautifully in the morning but towards the end we returned some profits but managed to close positive. On the economic front Consumer Sentiment came a little under consensus (nothing to be concerned  about) and PPI came above expectation meaning the economy might be showing some sign of inflation (to early to tell).  Bloomberg mentioned that “Philly Fed President Charles Plosser expanded on the hawk view within the Fed. He stated that he favored ending asset purchases by the end of 2013. In contrast to comments by Chairman Bernanke, he said that the 6.5 percent unemployment rate and 2.5 percent expected inflation should be triggers instead of thresholds.”  We will have to wait and see…….

Today´s Profit USD 135   (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 Markey July 10, 2013

ndx1007

 Market traded higher until the FOMC Minutes at wich point it spiked higher, returned all the upward movement and went higher at the end of session closing 0.47 positive. “Roller Coaster” . Market Participants showed lots of indecision but the bulls won the battle and manage to break the 3000 level. Our strategy had mixed success today but still prefer short on spikes.  On the energy front, oil inventories came lower thus pushing the WTI higher. We continue to believe oil is in overbought territory, thus prefer short positions.

Today´s Profit USD 140  (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