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My passion is trading stocks. I am a student of the markets just like you. Follow me as I learn new things and analyze the markets. http://www.swing-high.com
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  • Post Market Analysis, Wednesday November 4: Bearish Close 0 comments
    Nov 4, 2009 04:21 PM | about stocks: XLF, FAZ, IWM, SPY, DIA, QQQQ, TZA, EDZ, FAS

    The markets gapped up this morning and traded lightly leading up to the FOMC Statement at 2:15 pm. After the FOMC statement volume sky rocketed and prices chopped around big time. Ultimately we sold off into the close. SPY filled its gap in the last ten minutes of trading. The Russell 2000 (IWM) and Financials (XLF) were super weak compared to the other indexes. That is important to note as a bearish indicator leading into tomorrow. Also, the VIX popped up nicely at the close and the TRIN spiked as well, confirming the late day sell off.

    video

    Today I attempted to trade FAS long, but was stopped out at break even. Not complaining because FAS continued to sell off 3 points past my stop/entry. I am hedged with small bear positions in EDZ, TZA, and FAZ to counter my bullish positions.

    Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately. Thinks look ominous going into tomorrow, so watch that Jobless Claims report like a hawk!

    Happy Trading,
    Jason 
    Themes: investing, stocks, personal finance, day trading, technical analysis, Federal reserve, Fed, FOMC, swing high, Russell, Financials, S P, Dow, Nasdaq Stocks: XLF, FAZ, IWM, SPY, DIA, QQQQ, TZA, EDZ, FAS
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  • nice sell off on the major indexes $SPY, $DIA, $IWM, $QQQQ, $XLF. Entered long positions in $FAZ, $EDZ, and $TZA throughout the morning
    Nov 12, 2009
  • put an order in to pick up some $fas at $70.17... will probably hold it for this up leg if there is one
    Nov 04, 2009
  • the vix should have support at 30 now... $TICK, $TRIN, and $VIX all behaving slightly bearish today after a bullish open
    Nov 02, 2009
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