Well i HAD a plan to carry out today (like buying some SLW).... but slept right through it. My alarm was set on vibrate... just great (sarcasm)
Altho i gave AMTD much props for helping me this morning. I still forgot to sell my RIMM july100put position @ a 250% gain! because i didnt set a stop the day before! It will surely go to zero at this point... at the very least i would have sold for a loss today.
It seems as though i have no choice but to watch others have fun tomorrow. I will just have to join the action later. 430am HST. It will give me the first glimpse of possible positions... Energy might continue its run based on crude inventories tomorrow.
Also of interest is the fact that the people deciding on the Euro may actually raise rates on Thursday (July 3)... thereby weakening the US$ and strengthening Oil/Gold further. (FED did its job of weakening the US$, now others can join in maybe they are all in the same boat while Uncle George ʻOilʻ Bush is the prez)
Anyway, my planned positions for this week has basically worked out. Going to cash prior to crude numbers AND again prior to unemployment numbers on Thursday...
Showing posts with label Unemployment. Show all posts
Showing posts with label Unemployment. Show all posts
Tuesday, July 1, 2008
Sunday, June 29, 2008
This Week (June 30 - July 3) Outlined Plan (Position for Eco news)
This week:
July 1: Auto Sales/Construction spending
July 2: Factory Orders/crude inventories
July 3: Unemployment rate
So here is my plan for this week...
June 30: See market sentiment
- hopefully there is a bounce, to get in cheaper index puts/shorts
- Auto/Construction may already be priced in, but get first index position
July 1: See how the market opens/market sentiment
- If auto/construction leaves market flat hold 1st index position (but take profit)
- leave my one call on oil if stays flat. but sell at profit
****crude inventories lately seem to be more than expected (greater supply)
July 2: i think there might be a dip in oil/energy it after crude numbers, dip in energy means possibly cheaper index puts.
- buy oil/energy after numbers released (4:30a HST) AND
- buy index puts/ultrashorts if have not done so already.
- i like DIA & SPY puts or SDS calls.
- IWM put maybe, it depends. The Russell is volatile and may close where it opened
July 3: Unemployment numbers are out early. It is worth my getting up (*sigh* 3:30a HST)
- SELL for PROFIT (especially security puts) if market tanks... otherwise, let it ride if it opens flat or even higher.
- If sold positions, Re-enter index puts/oil calls at end of session, uneasiness during the weekend may spur more selling the next week. it depends on what the Unemployment numbers are... mind you there are ALOT of people fired from brokerages houses, banks, airlines... but we shall see how it affects overall numbers.
To some it up, buy Oil/Energy dip (possibly July 2)
Buy Index put/shorts July 2...
Hmm maybe i should focus on July 2nd instead of July 3rd
July 1: Auto Sales/Construction spending
July 2: Factory Orders/crude inventories
July 3: Unemployment rate
So here is my plan for this week...
June 30: See market sentiment
- hopefully there is a bounce, to get in cheaper index puts/shorts
- Auto/Construction may already be priced in, but get first index position
July 1: See how the market opens/market sentiment
- If auto/construction leaves market flat hold 1st index position (but take profit)
- leave my one call on oil if stays flat. but sell at profit
****crude inventories lately seem to be more than expected (greater supply)
July 2: i think there might be a dip in oil/energy it after crude numbers, dip in energy means possibly cheaper index puts.
- buy oil/energy after numbers released (4:30a HST) AND
- buy index puts/ultrashorts if have not done so already.
- i like DIA & SPY puts or SDS calls.
- IWM put maybe, it depends. The Russell is volatile and may close where it opened
July 3: Unemployment numbers are out early. It is worth my getting up (*sigh* 3:30a HST)
- SELL for PROFIT (especially security puts) if market tanks... otherwise, let it ride if it opens flat or even higher.
- If sold positions, Re-enter index puts/oil calls at end of session, uneasiness during the weekend may spur more selling the next week. it depends on what the Unemployment numbers are... mind you there are ALOT of people fired from brokerages houses, banks, airlines... but we shall see how it affects overall numbers.
To some it up, buy Oil/Energy dip (possibly July 2)
Buy Index put/shorts July 2...
Hmm maybe i should focus on July 2nd instead of July 3rd
Labels:
Crude inventories,
DIA,
july 2,
july 3,
Oil,
SDS,
SPY,
Unemployment,
USO
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