DOW SP500 Nasdaq 100 bottom october 2008 (second chance)

DOW SP500 Nasdaq 100 bottom october 2008 (second chance):

Anyone who missed the bottom of last Friday, the truck has backed up.

11:14AM: with NDX at 1194, we are at the BOTTOM. The market should rise soon, later today or sometime tomorrow. I do not know why they will explain the rally, but our calculation say it is coming.

Last call before the train departs the station! It has been foretold. Stranded passagers: no complaints will be accepted!

11:55AM: NDX at 1244, and the bottom was nailed with precision never seen in history of trading! Long live the blog.

We loaded up big on this one (four times the usual size, so we am offloading the extra unusual load). 50 points in the bag times three is 150 NDX points profits.

3:54PM with NDX at 1305, we are offloading the whole long position. PROFITS of more than a 100 NDX points.

Overall profits today: 250ish NDX points (100ish + 150 of profits at 11:55AM).

Time to get ready for expiration day tomorrow. A new post is coming soon. Stay turned!

Bank Bailout and Executive Pay (Outrageous to say the least)

Bank Bailout and Executive Pay (Outrageous to say the least): Banks said they cannot live without bailout plan, but how much do you think a bank CEO makes per day/week and who cover the fat guy's salary under the bailout plan?

Answer: 200K per day, 1 million per week, even if the bank goes south or bankrupt under a CEO's leadership. The pay can come from the tax money via the bailout plan, which is your money. (Remember that tax money is your money and mine! Are you now outraged?)

An example of such ceo salaries is Goldman CEO's salary of 70.3M per year, which is more than 1.5M per week, and if you take vacation time out, you get 2M per week, or close to 500K per day's work. We did not take out golf days, which are considered business, because the party is another CEO also playing golf.

You have seen them talking on the hill. That is an example of a very busy and difficult day of work! In a day's work a CEO will say things such as " things are bad, and we need money to keep things afloat or we will all sink". That is it for a day's work. The pay for that day: $500K.

stock future price prediction: qqqq nq ndx qid trading (October 15, 2008)

stock future price prediction: qqqq nq ndx qid trading (October 15, 2008).

12:17PM: with NDX at 1319, a quarter of intended long position size is taken (direction is long).

I have other matters to attend to. I have put in limit orders for the other parts of the intended position:

NDX 1306: add second quarter
NDX 1296: add third quarter
NDX 1290: add the last quarter

2:49PM: with NDX at 1304 we are taking profits on quarters entered into at 1296 and 1290. Profits 8 and 14 NDX points respectively.


We have put back re-entry order on this two quarters in area of low of today (at 1275 area).

QQQQ QID NDX NQ Trading (Stock market, October 14, 2008)

QQQQ QID NDX NQ Trading (Stock market, October 14, 2008):

As we posted in the previous post (last post of yesterday), we have taken profits on the short position we entered into yesterday when NDX were in the 1393 area. Profits have just been taken today with NDX at 1362, at around 2:20PM. It was then good to keep it overnight, and to short it towards the close yesterday.

2:50PM: now NDX is at 1353. So for the subscribers who took them some minutes before coming here, you now have 40 NDX points as profit! (This is not fair, you make more money than the editors and we did not even charge you for it-- just kidding folks, you deserve your profits).

Long live the blog!

stock trading qqqq qid ndx nq: third call of the day october 13, 2008)

stock trading qqqq qid ndx nq: third call of the day (october 13, 2008; non retirement (brokerage trading) account )

Just back from my errand mentioned in closing of earlier position a little while ago.

3:34PM: with NDX at 1390.ish, we are starting to scale in on short side of NDX.

3:41PM: with NDX at 1395, we add the second half of the size. Entry is completed.

Note that the size traded here is half the normal size as we are against the "new trend". Read previous post.

End of day: we have seen a ferocious short covering towards end of day. The above position is held overnight, for a possible retreat tomorrow. I would add that we will not complain as we have more more 130 NDX points on brokerage, and another 150 ndx points on retirement account, on double the size we have now on short side. Have a good rest of day everybody!

PROFIT Taking (Tuesday October 14, 2008):

2:20PM: with NDX at 1362, we are taking profits on the short position entered into
yesterday. Profits: 30 NDX points.

qqqq qid ndx nq trading (stock market october 13, 2008, brokerage trading)

qqqq qid ndx nq trading (stock market october 13, 2008, brokerage trading):

Since the bottom of Friday was comfirmed, entries on the short side have to be done
at half normal size as this would be against the "new recent trend". Therefore whe we state size, we mean a 50% of regular size.

11:43AM: with NDX at 1367.ish, we are starting to scale in on short side of NDX.

Profit taking (I have other things to do, so I am taking profits as I cannot watch it):

2:32PM with NDX at 1349, we taking the profits on the short position we entered at 11:43AM.

Profits are 20 NDX points. Long live the blog!

DOW, SP500, NDX trading (Profit taking regarding retirement position)

SP500, DOW, NDX, stock market trading (october 13, 2008). Our market call of Friday is now doubly confirmed. Now, let us discuss profit taking (on retirement position):

11:35AM: with NDX at 1351 we are locking the profits on the long retirement position we discussed in our post of Friday regading retirement long position (see posts of Friday night (early hours before the open)).

october 2008 market bottom: IFM warns world on verge of collapse

As we wrote on the night of Thursday to Friday, 10-10-2008 would see the bottom of the market (DOW, SP500, NDX, etc). We have traded on this assumption on Friday (read previous article), and we went long at the bottom area, and sold at the top area.

If you read the news, you would note big titles warning of world collapse, and other such warnings. The economy should seriously be in trouble, but the stock markets turmoil would go down.

It is our opinion that what is written there is essentially a reflection of maximum fear and is emotional, which is typical at a market bottom.

No action is really needed now. The equity markets would rebound, and government should keep their money to act when the lows will be retested in the future, or to spend it on the economy.

Here is a recap of what happened over the last couple of days:

1. Britain decided to partly nationalize its banks,
2. Washington began mulling direct loans from the U.S. Federal Reserve to corporate America,
3. Iceland closed its stock exchange as it slipped towards bankruptcy,
4. the International Monetary Fund warned the world is on the verge of collapse, and urged the world's developed nations to work together rather than take individual steps (which they say won't work anyway, because the crisis had become a worldwide problem).

5. And last but not least, this blog (financialtraders.blogspot.com) nailed live for its readers the top and the bottom of Friday's market action with more than 100 ndx points when NDX ran from 1200 to more than 1300 in about an hour's time only! :-)

Do not forget what you are reading now, as when the market price will head up, you would see another time of news such as the credit crisis worries (CDS worries for instance) were over blown, and they will put some numbers to support that. But it will be late for Average Joe who has sold at the bottom on Friday. The then positive news will bring him back to buy stocks later on.