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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Wed Aug 25, 2004 11:56 am Post subject: Aug 25th Trading Log (Early Recap and Thu Trading Plan) |
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Aug 25th Trading Log (Early Recap and Thu Trading Plan):
I sold all my SMH calls on a big bounce. The major indices MACDs have been an excellent predictor of market direction (the recent MACDs bullish crossover led to a higher market). However, volume has been low, which may be bearish. A low volatility market (measured by the volatility indices) still make it a tough and risky trading market. It seems, EBAY (instead of the semis) has led the market higher recently. SPX and the Dow are near major resistance levels (e.g. 50 day MA or 200 day EMA). If the market pulls-back tomorrow, I'll buy INTC or SMH leaps (since they may rally sharply later this year) or sell some puts. If the market continues to rally, then I may buy OEX Sep in-the-money puts.
My portfolio is about $895,000 including about $810,000 in cash.
Calls Contracts
RMBS Jan 10 2005 10
KKD Oct 15 2004 50
PSFT Oct 17.5 2004 100
Puts Contracts
DIA Sep 102 2004 100
QQQ Oct 35 2004 200
EBAY Sep 80 2004 50
EBAY Sep 85 2004 40
KKD Oct 15 2004 20
PSFT Oct 17.5 2004 10
Portfolio at $500,000 on Jul 1st, 2003 |
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