Out !!!

I am calling to close the long trade. It's quite a major loss but as we experienced in the past , 2 trades of 25 points profit can overcome it.

The market is too volatile for me to try to stay and wait for correction. I still believe we can bounce more but for leverage trades , it's too much. Moreover, there is a risk for more swiping longs , so why to risk more?

For investors , No need to panic.


When I first entered the trade , It sure looked like a brief correction and I didn't realize it's going to be a trend change for intermediate term. So the market said its word and now the most important thing to do is to sit aside and watch.

Panic is here !

Panic is here and needed to be taken in advantage. Yesterday the sell off was combined with a panic and when this happens, usually the prudent way to act is to wait till close ( or all longs players are dead) and then to re-evaluate the position. As it looks , we will need some patience.

The market in similar situation in the past ,bounced several percents from this levels but it may do a new lows. All breadth suggesting a correction. I will evaluate today activity as If I would see a good exit point -a post will be published . It's better to exit in reasonable loss than to bite leaps for more than a week.

Look at NYSE new lows reaches the 700 area. As you can see it is a major bounce area.

What's next?

Market ignores all buy pressure and that's mean panic is celebrating. When it appears - I would wait for the close to see what's coming.

Long here

Taking long here @ 1518 .sp500 e-mini contract. details later.

Breadth Saying up

Breadth indicators suggesting another move up. much like the one last week when we closed the short position. Unfortunately I am not sure If I would be on-line available Monday till Tuesday ,to monitor the market.

I hope so, to post a long call but I would like to see the market behavior first.

We have also positive divergence in the leading indexes. Divergence suggesting a reversal point coming but the timing is up to the chart reader. That's why you don't need to jump on a trade every time divergence occurs and have more tools to define current market status.

Good trading

Support here !

If momentum is alive , support levels are made to be broken.

This wasn't the case yesterday and that's why I exit the short. I do believe the bears are still around and as you know , we don't enter right away from long to short , as the market usually doesn't behave like.

There is usually a time for exchanging flags between the bears and the bulls. So I am waiting for more clues as the options expiration on Friday isn't usually categorized in big momentum plays.

Exit short - 15 points profit.

Exit short - 15 points profit.
Update later.

Short alert

Short alert !

Don't like the way the market behave. looks week and waiting for the bears to show around. An update will be released. Longs are not recommended at all.

Risk Permium

When looking at the volatility index , there is a interesting pattern that occurs. The VIX which known as the fear and grid indicator is telling us that although market is advancing , the fear from crash is here. how can we know that? By looking at the index - you can see the market makes new highs but the VIX no new lows. So pay attention all investors and traders.

Thank you

Yes - that's what we need to say to the market - because immediately after the exit point,

NASDAQ , S&P500 , Russel , DJ began to advance. Yesterday S&P 500 advanced 0.57%.

So what's now ? Well It's a difficult situation. We have strong bulls with positive divergence here but the bears are still around. So I can't call it a long nor short. I am neutral till further signs from the market.

Take it !

Exit short. 23 points profit. i won't be on-line most of the day so I take profit now before the market will swap it.

The trend is your freind

Well sure it is.

But sometimes the trend for the short term, signals us for a potential reversal point only 0.5% change .I am not sure if this is the case now. You never know how it will be ended.

I see some weakness on all indices. Take a look at the Dow Jones Average index , 60 min chart. Negative divergence just sitting there and wait for the bears to show.

So be careful with longs here. As I published yesterday , I am short.

Weak market

As of today , current market - S&P looks quite weak.
I favour the downside. I believe the bears have the power to do so.

Update will come later.

Exit long - 27 points profit

Exit long. 27 points profit. I believe we would see some declines next week but lets wait and see.
Thank you.