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Further Morning Comment

More QE in Japan has sent people clambering into the market after what’s already been a tremendous rise, need to sell into it. Have sold at 95 and 05 and am selling on 10 point rises Advertisements

Morning Comment

I’m surprised at this strength. Expect to be able to get turns on sales around 6500 and above. Narrowed the spread this morning because my last three sells are at an average of 70 and if I get those back for a small profit I still have my bear of 4. 6465-6495

Assessment Of Yesterday’s Trading

I took 55 points in turns and left myself short of the last three sales at an average of 6470. Also was short of 4 coming in so short of 7. Market was much stronger than I expected

Yesterday’s Trades and Prices

6420-70. Sold 1 @ 70. 40-90. Bought 1 @ 40. 20-70. Bought 1 @ 20. 6390-6440. Bought 1 @ 90. 6360-6410. Sold 1 @ 10. 6375-6425. Sold 1 @ 25. 6400-6450. Sold 1 @ 6450. 6425-75. Sold 1 @ 75. 35-85. Sold 1 @ 85

Morning Comment

Short 4 The consensus is that the market can handle the end of QE3 and the bull market will continue. Really? 6420-6470

Assessment of yesterday’s trading

The morning price of 10-60 was about right to sell without selling too early. No turns but OK.

Yesterday’s trades and prices

6310-6360. Sold 1 @ 60. 30-80. After the fed minutes I got more bearish sold 1 @ 57. Sold 1 @ 55.  Sold 1 @ 50. 20-70

Morning Comment

Technical move up continuing. This is because end of QE is so well forecast that the sellers have done their selling and bears are squeezed. But ‘ang on Sandp’s nearing 2000 again and nothing’s changed. Little to look forward to, low growth at best and more stimulus will only come if things worsen, hardly bullish. … Continue reading

Assessment of yesterday’s trading

Wanted to trade with a slightly more bullish stance because of Fed meeting. Having got level I went on to take 61 points in turns, which is fine.

Yesterday’s Trades and prices

6380-6330. Decided to buy 1 @ 6401 to get level. Still 6380-6430, Bought 1 @ 80. 6360-6410. Sold 1 @ 6410. 6390-6440. Decided to get the last sell back, bought 1 @ 6399. 6380-6430. Sold 1 @ 6430.