TRADE VOID- MON

Those who emailed about the stocks I think might be monster plays. Please VOID MON here this morning. Stock is going to gap up huge on news of the company boosting fiscal year earnings. That just pisses me off but at least I know I was right. Maybe someone over MON reading the BLOG hehehe and emailed me about the monster plays, oh well.

Don't buy MON on such a huge gap up. Trade is VOID

Merrill Lynch rumor

Rumors out this morning that Merril Lynch will write off an additional $8Billion in derivative. Again it is a rumor so be careful here. The broker might sell off today if this rumor gets traction or is TRUE.

Storm brewing

Well, we certainly nailed it! Market did indeed rally, though much more than I was hoping for. Now? We probably pull in a little. I think we get a little range to break out of to the upside.Unless, of course, there's some news that cracks us again. That's certainly possible. Baring bad news I do think we can scale higher without that much of a pullback. Ultimately we go LOWER, but for now we still look like some back and filling and then potentially a range breakout to the 13,000s. From there, if we even get there, I would think we get a nice selloff and break to the downside.

Here is the problem, its kinda a perfect storm eventually. You have the Fed bailing everyone and everything out. Wonderful, hurray for the Fed. Unfortunately its going to catch up, it has to. The Fed can't just print money with no ramifications. People are giddy that the Fed is doing all this, but its politically motivated and it can't do anything but put a bandaid on the issues. At least thats my take, but I'm just a trader and not an economist.

What a call

What a call on the market- Seem like the bulls trying to buy up the market in the last week to window dress up portfolios. They have to as this quarter is the worst since 02

TRADE CALL

Got MA calls for $20. We will see if this one is a winner too. Just think risk reward is good here.

TRADE CALL

I am buying a small call position in MA(Mastercard) at the open. I will be looking at the $200 calls currently trading at 18.90. I am risking all on it , NO STOPS!!! on that trade.

BULLISH HERE

Yes I am turn BULLISH here short term. Right now I am going to play the contrarian in the market as everyone is saying doom and gloom, I am a TRADER and that's what I will do trade the markets. Last week thursday I wrote that the short side seems to be played out on the short term horizon and more money should be made on the long side in the short term. I can see us getting a pretty sizable move here near term. In fact, I could see us over YEARLY highs in the near future before we turn back down again and get a pretty massive selloff.
So, I am looking to get long early this week on some beaten down piglets. I think some of the tech names should get a bounce. I will say that if we do get a decent bounce and you're in the right stocks this could be a VERY nice time to rack up some huge gains. The best thing is, even if that's the wrong call we can take small loss and reverse.
I think there is a very good shot be go back to the 13000/13500 area in the next couple of weeks and I really hope so and I do think longer term we will head much lower. Allowing for a substantial bounce here will make it better for us to head into some nice shorts for the downside.
One another note I have two stocks that I believe will get a HUGE bounce and if I am correct you can make your year on these two plays. If anyone is interested I will only be sending them privately via email NOT ON THE BLOG.

Have a great week