Latest new post for members only issued on April 23, 2010. Fill signup form below to access it instantly.

Thursday, June 19, 2008

Stock market, Stock trading June 19, 2008 (afternoon)

Latest new post for members only issued on April 23, 2010. Fill signup form below to access it instantly.

New Policy: To Read The Market Analysis Reports Generated By Our Proprietary Models,
You Now Need to Subscribe. Fill Form Below. Subscription Is Free.
Get Instant Access to the Latest Report, As Soon As You Submit the Form Below.
NOTE: You will also receive access to hundreds of articles on this site. The articles are not visible on this page.

Stock trader and investor,

Here is how I traded NDX today June 19, 2008 in the afternoon.

The upmove is most likely due to option expiration, and the unclosed gap that I mentioned in the previous posts of yesterday and the day before at around NDX 1970.

You ould notice in today's action of the dow (chart above is not the chart of the dow, but the chart of NDX) that the dow index stopped moving up at 12100, and then retreated from there. It is typical action on the one to two days before to expiration. That is why I recommended to those who do not trade options to stay away from trading today afternoon and tomorrow.

Tomorrow will be a day to watch for an eventual battle on where to end the QQQQ (ETF for Nasdaq 100) at 4:00PM. It would be interesting to watch.

My current plan is to trade the options expiration on the QQQQ and or IWM. It has its own rules. I call this "dancing with straddles and strangles without losing your ...". The idea is to earn premium on OTM options while the stock is dancing between two strikes. It is fun to watch.

Tomorrow I would recommend that you watch the dynamics of options on the QQQQ calls at 49, and the QQQQ puts at 48 for June expiration. It you know how to spread,build pyramids and have fast feet while you dance, you can make good money, and real fast.

Happy trading,

1. send me an email at:
2. I will get back to you instantly (if I finish adding an automatic response to the email address) or after I am done with trading.

To Receive Market Forecasting/Timing Reports, and Other Special Trading Reports: Enter your email address in the form below, and click submit. Your subscription is at no cost to you and you can unsubscribe at any time. You will receive our special market timing reports, trading reports, and other specials available for members only. We reserve the right to withdraw or terminate this FREE subscription offer at any time. Therefore, secure your subscription now as we do not guarantee that this offer will be available at your next visit to this site.
Happy trading,


Post a Comment

Subscribe to Post Comments [Atom]

<< Home

Privacy Policy