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CGTS OPTIONS CORNER: HAVE WE BOTTOMED? NO.

CGTS DAILY TRADING SIGNALS
FOR FRIDAY 12 August 2011


HAVE WE BOTTOMED?  NO.

There was a lot of excitement about the snap-back rally yesterday.  We opened the day yesterday by selling all of our August puts; we kept all of our September puts; and we are adding to those September puts today: EFTC, CDE, AHC, ITN, FITB, WFC, AIG, GSK, DANG, YNDX, ACH, AMZN.

We are also buying calls on 'reverse' or 'inverse' ETFs that make money from issue declines: DXD (Dow Industrials), FXP (China), EWV (Japan),  EPV (Europe), SDOW (Dow 30).

If we trust our trading systems -- and we do, understanding they are not perfect however -- we assume from this that stocks will be making new lows after yesterday's spectacular bounce.



       
8/11/11 STOCKS    
Thursday GSPC BIAS: NEUTRAL/POSITIVE    
       
  TRADING SYSTEMS    
SLF M4 ACCUM 00 14  74.17 LONG
EDU M4 ACCUM 00 14  4.6867 LONG
HUI M4 ACCUM 00 14  571.2 LONG
ABX M4 ACCUM 00 14  49.87 LONG
IDN M4 ACCUM 00 14  27.256 LONG
  TRADING SYSTEMS    
FCX M4 ASP TRADER 5/11 2 45.82 SHORT
  TRADING SYSTEMS    
NXG MJCF Close vs Midp Trend 3.33 LONG
  TRADING SYSTEMS    
ETFC M4 ACCUM LT 7/11 3 11.69 SHORT
  ETFC SEPT 12 PUTS 1.49  
CDE M4 ACCUM LT 7/11 3 25.64 SHORT
  CDE SEPT 25 PUTS  2.42  
  TRADING SYSTEMS    
DXD T5 RES/SPT 3 20.47 LONG
  DXD SEPT 20 CALLS 1.75  
FXP T5 RES/SPT 3 34.41 LONG
  FXP SEPT 34 CALLS 4.65  
VXX T5 RES/SPT 3 33.78 LONG
EWV T5 RES/SPT 3 35.94 LONG
  EWV SEPT 36 CALLS 1.15  
       
COCO T5 RES/SPT 3 3.06 SHORT
ACH T5 RES/SPT 3 18.14 SHORT
  ACH SEPT 20 PUTS 2.2  
ITMN T5 RES/SPT 3 21.51 SHORT
  ITN SEPT 24 PUTS 1.43  
SHLD T5 RES/SPT 3 62.32 SHORT
BKX T5 RES/SPT 3 38.56 SHORT
AMLN T5 RES/SPT 3 10.07 SHORT
BBVA T5 RES/SPT 3 8.84 SHORT
ELY T5 RES/SPT 3 5.47 SHORT
EWG T5 RES/SPT 3 20.99 SHORT
FITB T5 RES/SPT 3 9.86 SHORT
  FITB SEPT 10 PUTS 0.92  
LAVA T5 RES/SPT 3 5.87 SHORT
NBIX T5 RES/SPT 3 5.92 SHORT
NVMI T5 RES/SPT 3 7 SHORT
STD T5 RES/SPT 3 8.72 SHORT
WFC T5 RES/SPT 3 24.29 SHORT
  WFC SEPT 25 PUTS 2  
AIG T5 RES/SPT 3 23.16 SHORT
  AIG SEPT 23 PUTS 1.53  
FST T5 RES/SPT 3 19.53 SHORT
ETFC T5 RES/SPT 3 11.69 SHORT
  ETFC SEPT 12 PUTS 1.49  
FITB T5 RES/SPT 3 9.86 SHORT
  FITB SEPT 10 PUTS 0.92  
  TRADING SYSTEMS    
VIX T11 RES/SPT 3 39 LONG
EPV T11 RES/SPT 3 55.12 LONG
  EPV SEPT 55 CALLS 5.5  
SDOW T11 RES/SPT 3 40.16 LONG
  SDOW SEPT 38 CALLS 8.4  
  TRADING SYSTEMS    
GSK T5D Sunmarry 40.81 SHORT
  GSK Sept 40 puts 1.4  
JJM T5D Sunmarry 42.2 SHORT
DANG T5D Sunmarry 9.45 SHORT
  DANG SEPT 10 PUTS 1.95  
JJU T5D Sunmarry 31.24 SHORT
  TRADING SYSTEMS    
GSK T11D Sunmarry 40.81 SHORT
  GSK Sept 40 puts 1.45  
JJM T11D Sunmarry 42.2 SHORT
YNDX T11D Sunmarry 30.66 SHORT
  YNDX SEPT 30 PUTS 1.85  
ACH T11D Sunmarry 18.14 SHORT
  ACH SEPT 20 PUTS 2.2  
AMZN T11D Sunmarry 198.36 SHORT
  AMZN SEPT 200 PUTS 12.4 SHORT
       




More information on the CGTS systems can be found at:
home.mindspring.com/~mclark7/CGTS09.htm
 
MICHAEL J CLARK
Clark's Gate Timing System
Hanoi, Vietnam

cgts@mindspring.com