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Henrique Simoes'  Instablog

Henrique Simoes
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  • Getting Ready To Trade On Globex. It Will Be An Interesting Session.
    The surprise rate move coming from China on Christmas Eve may spoil the Santa Claus rally on Wall Street. Last time China raised rates on mid-October, oil fell 4 percent and gold and equities were also hard hit. So, it will be an interesting session right from the globex opening in a few hours.

    Visit my trading site: oiltradersblog.blogspot.com
    Tags: SDS, SPY, IWM, DIA, QQQ, QID
    Dec 26 2:52 PM | Link | Comment!
  • Are Investors Confused? So Am I.
    Interesting notes on investor sentiment that shows how confusing this market is:

    "We've talked in the past about the lack of conviction in this market, but the results of this week's sentiment survey from the American Association of Individual Investors (AAII) are still surprising.

    According to the survey, bullish sentiment increased to 50.9% which is the second highest reading in two years. Three weeks ago, investors hated equities and bullish sentiment hit it second lowest reading in the last two years.

    Today, they can't get enough of them. It's amazing what a few up days can do for market sentiment." 
    (Source: Bespoke Investment Group) 

    As George Soros said yesterday, "we are in a uncertain environment". Aren`t we always?

    On the trading front it was a very quiet day for me. I closed my oil shorts on today`s weakness and closed my Emini S&P shorts because I am confused on the most probable course of action going forward.

    I am now looking for new opportunities, but of course there`s always room for one or two intraday plays. A professional trader simply cannot sit on its hands, can it? My playground today was Eastman Chemical (NYSE:EMN) and United States Natural Gas Fund (NYSEARCA:UNG). I did well on both. Nothing to write home about, but still ok. It helps pay the bills.

    If you are into music today, check out DJ Patife. Nice sound (or som bacana, as they say) coming from an emerging market. Very good and relaxing sound. Perfect for the after market chill :) If not, then take your wife out to dinner. Trading can be very detrimental to marriages/ relationships so its better to keep that in mind. I have many trader friends that blew up their marriages because trading ate their heads. You know what I mean, don`t you?

    Disclosure: no positions
    Tags: UNG, EMN, SPY, USO, OIL
    Sep 16 3:19 PM | Link | Comment!
  • Update on Nokia (NOK)
    Nokia (NYSE:NOK) has finally dismissed its CEO. The stock is up 5% on the Helsinki Stock Exchange.

    The stock has been battered over the last couple of years due to a persistent decline in market share. Something had to be done, and firing its CEO may very well be a start. I will watch with interest the stock performance because it can be set for a rally.

    Disclosure: no positions
    Tags: NOK
    Sep 10 7:26 AM | Link | Comment!
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  • WFC making new intraday lows - all major banks are trading lower now
    May 4, 2011
  • "If there`s a large move on significant news, either favorable or unfavorable, the stock will usually continue to move in that direction"
    Dec 26, 2010
  • Chinese surprise move will likely induce a sell-off tomorrow - waiting for globex to get active
    Dec 26, 2010
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