Monday, December 8, 2008
SPY, QQQQ, DIA tomorrows price prediction today
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Stock price prediction for today December 08, 2008: (QQQQ trading, NDX trading, SPY trading, DIA trading, QID trading, etc trading):
The daily to day trend is still up. The first trade is against the trend. Therefore, the size has to be smaller, and profits are expected to be small in size and duration unless trend reverses.
10:08AM: with NDX at 1212, scaling in on short side of stock market (short side of QQQQs using options).
10:18AM: NDX is now at 1204. The trade is 8 points in green, and did not show any draw down. A revisit to the area of the high is possible.
10:24: NDX is at the area of high again.
10:40AM: with NDX at 1220, we are adding a second quarter size. Direction short NDX qqqq, spy, dia, stock market.
A copy of the latest entry is included. You can check that we post what we trade at the same time as we post it here on this blog.
12:12PM: with NDX at 1212, we took off the quarter we entered at 1220. Profits meagre 8 NDX points. Re-entry is planned if retest of highs.
We took profits because we liked the 12:12PM, and NDX at 1212!
12:28PM: with NDX at 1220, we are re-entering the second quarter size. Direction short NDX qqqq, spy, dia, stock market.
Profit taking:
1:33PM: with NDX at 1208, we are taking profits on quarter size we established at 12:28Pm when NDX was at 1220. Profits: 12NDX points.
Total realized profits today up to now at 1:33PM: 20 NDX points. Unrealized profits: 4NDX points.
1:56PM: closed the remaining position. Total profits today (up to now): 24NDX points. We will post a copy of the last trade made at 1:56PM.
We have other things to do. We placed an order to re-enter a quarter short side of stock market in area of high. (NDX at 1226).
2:25PM: with NDX at 1224, we are back in on short side. We are e-entering the first quarter size for which we took profit at 1:56PM. Direction short NDX qqqq, spy, dia, stock market. (This entry was done without redoing the analysis as we have to be somewhere soon and we are late, but we have based it on earlier analysis to the best of out recollection).
We have to really leave now. We would be back later today. If we do not, have a profitable rest of trading day, and long live this stock trading blog!
3:49PM: taking the profits out on last position. NDX at 1214.ish.
3:59PM: with NDX at 1225, we are back in on short side of NDX and stock market. Size is a quarter of normal trading size. We will keep this overnight if it does not fall from now to 4:15PM. If it falls we take the profits.
Summary:
Total profits today: 33NDX points today.
We have a quarter size of normal trading position that we would keep until tomorrow. It is ahort call position on the QQQQ. It would therefore earn time premium.
To your profits!
The daily to day trend is still up. The first trade is against the trend. Therefore, the size has to be smaller, and profits are expected to be small in size and duration unless trend reverses.
10:08AM: with NDX at 1212, scaling in on short side of stock market (short side of QQQQs using options).
10:18AM: NDX is now at 1204. The trade is 8 points in green, and did not show any draw down. A revisit to the area of the high is possible.
10:24: NDX is at the area of high again.
10:40AM: with NDX at 1220, we are adding a second quarter size. Direction short NDX qqqq, spy, dia, stock market.
A copy of the latest entry is included. You can check that we post what we trade at the same time as we post it here on this blog.
12:12PM: with NDX at 1212, we took off the quarter we entered at 1220. Profits meagre 8 NDX points. Re-entry is planned if retest of highs.
We took profits because we liked the 12:12PM, and NDX at 1212!
12:28PM: with NDX at 1220, we are re-entering the second quarter size. Direction short NDX qqqq, spy, dia, stock market.
Profit taking:
1:33PM: with NDX at 1208, we are taking profits on quarter size we established at 12:28Pm when NDX was at 1220. Profits: 12NDX points.
Total realized profits today up to now at 1:33PM: 20 NDX points. Unrealized profits: 4NDX points.
1:56PM: closed the remaining position. Total profits today (up to now): 24NDX points. We will post a copy of the last trade made at 1:56PM.
We have other things to do. We placed an order to re-enter a quarter short side of stock market in area of high. (NDX at 1226).
2:25PM: with NDX at 1224, we are back in on short side. We are e-entering the first quarter size for which we took profit at 1:56PM. Direction short NDX qqqq, spy, dia, stock market. (This entry was done without redoing the analysis as we have to be somewhere soon and we are late, but we have based it on earlier analysis to the best of out recollection).
We have to really leave now. We would be back later today. If we do not, have a profitable rest of trading day, and long live this stock trading blog!
3:49PM: taking the profits out on last position. NDX at 1214.ish.
3:59PM: with NDX at 1225, we are back in on short side of NDX and stock market. Size is a quarter of normal trading size. We will keep this overnight if it does not fall from now to 4:15PM. If it falls we take the profits.
Summary:
Total profits today: 33NDX points today.
We have a quarter size of normal trading position that we would keep until tomorrow. It is ahort call position on the QQQQ. It would therefore earn time premium.
To your profits!
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