TRADE CALL UPDATE: EBAY SHORT

EBAY just reported earnings and bang they missed. So that short call was sweet. I think EBAY can trade down to $12. easily so keep that short on and ride that baby down.

Also how is that QCOM Puts play doing????

free money folks FREE!!!!!!



ONLY WINNERS HERE!!!!!!!!!!!!!!

No safety

Well hey this is reality here. Bailout will and isn't working, buying stakes in banks wont help, the fact is we are just in a contracting environment and worse we are experiencing deflation across all asset classes.
The DOW is in sell mode and I dont see any form of panic yet, which is scary. No panic means we can go much much lower before we even get a meaning full bounce in this bear market. With 3 minutes to go we are the lows of the day and we have completely wiped out the huge day up of over 900 points.


Don't buy, don't buy, play short and you will be happy we are in a bear market.


MARKETJEDI

TRADING FUTURES

Guys you have to get on board with futures trading. We are constantly getting days were the DOW is moving 500-1000 points. We will get these wild swing till the VIX come down below 20 which could take awhile. Take opportunities when they arise as in this time. If you are a real traders this is the best market ever because of the volatility.


I will be posting some stuff on futures trading and possible giving a class if I have enough people interested.


MARKETJEDI

TRADE CALL: EBAY Short

EBAY short here @$15.80 is the call.
If you want to play the options play $15 January puts @$1.63 (QXB MC)

Recession.

The FED is officially saying we are in a Recession. Well for all those who thought it was not going to happen here it is. Actually we have been in a recession for over 9 months in my opinion.
On that Note I would be looking to short RTH here if you are a short side player. The retailers are going to have a hard time this year christmas.

Levels to watch

If we gap down tomorrow morning looks for some support @ 960 on the S&P. Should be a decent spot to bounce from the impulse of yesterday.


Also on stock to look at here is MS. Strong resistance here @$25, should be a short closer there.

Got to love it

Got to love this market, the swings are huge intraday but I must warn you the trend is still down. Today I did expect us to pull in after having such a huge up day yesterday, the gap up was a give away to short and it played out well. The financials got some selling today after the gap up and I think we will soon start the selling there again.
We are now in earnings season and it will be a surprise if earnings blow out to the upside as past quarters. Tech is the place I will be looking at for some earnings to come in lower than expected and surprisingly the staples as the consumer pull back on spending.
I will be sending out some option plays as we head deeper into earnings season. I still expect us to bounce alittle higher.