Bailout Crash

What a crash. I was really expecting the bailout to be passed. Watching the result in CNBC is like watching a penalty kick shootout. As the overall trend is down, I thought that the market will rebound first with the passing of the bailout and then go back down. It didn't happen.

I read from some blogs of blaming the crash to Congress. 1 trillion wipe out of the stock market! Ha ha, these traders/investors are just a bunch of losers. They should just take responsibility of their actions. If you are wrong, then find out why you are wrong. Don't blame it on someone else because you are wrong. If you keep blaming someone else for your failure, then you will never succeed in life.

For me, my reaction to the crash is: Oh, it has gone down too fast. 

Yes, when it goes down so fast, it may bounce up fast too. This is really hard in terms of position management. 

As I'm heavily on the bear side, the crash has increase my account value. I hope that I can keep most of them.

MDC Holdings (MDC)

MDC Weekly Chart

MDC Holdings (MDC): Looks like it has broken its asymmetrcial triangle. Support: 32/20. Bought put of MDC.

Alexander & Baldwin (ALEX)

ALEX Weekly Chart

Alexander & Baldwin (ALEX): Bought put based on Thursday chart that it has broken its rising flag formation. But Friday rally has changes this analysis. Support: 42/39/35.

Sector Indexes (20080926)

I'm still bearish on the shipping sector. Increasing my bearish exposure on the consumer/retail. I'm looking at the banking sector to go bearish. I don't think the banks can go any further based on the index behavior.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down
DJI	Down	Down	Down
NasdaqComp	Down	Down	Down
Natural Gas	Down	Down	Down
Oil	Down	Down	Neutral (+)
SecurityBroker	Down	Down	Down
Bank	Down	Neutral	Up
Insurance	Down	Down (-)	Down (-)
Housing	Down	Neutral	Up
Shipping	Down	Down	Down
Steel	Down	Down	Down
Retail	Down	Neutral (-)	Down (-)
Biotech	Up	Neutral	Down
Airline	Down	Neutral	Neutral (-)

Couch (COH)

COH Weekly Chart

Couch (COH) has broken its asymmetrical triangle/rising flag. Support: 25/19. Bought put.

Disconnected

What a volatile week. I was only following the news from a TV. Did not have an Internet connection to do any trades. I have just checked my daily account statements and the value was fluctuating wildly. Only if I was able to close my position at the lowest point, I could have bought a new laptop for myself or that Bose earphone. Dreamm........

Ok, after the strong rebound, my readings are still mixed for the various sectors.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down
DJI	Down	Down	Down
NasdaqComp	Down	Down	Down
Natural Gas	Down	Down	Down
Oil	Down	Down	Down
SecurityBroker	Down	Down	Down
Bank	Down	Neutral	Up
Insurance	Down	Neutral	Neutral
Housing	Down	Neutral	Up
Shipping	Down	Down	Down
Steel	Down	Down	Down
Retail	Down	Up	Neutral (-)
Biotech	Up	Neutral	Down
Airline	Down	Up (+)	Up

Balley (BYI)

BYI Weekly Chart

Balley (BYI) is starting to turn down. Anticipating a break to the downside. Support 31/25/18. Bought puts.

GameStop (GME)

GME Weekly Chart

GameStop (GME) has broken its rising flag. Support 38/33/26. Bought puts.

Sector Indexes (20080912)

Generally, I will say mixed. Some sectors are up, some are down. DJI is just oscillating within a tight range. Everyone is confused because it goes up one day, down the other, up again etc. I think oil, gas and steel sector are going for a rebound because they are more or less at around possible support area. For the sectors that up heading up, I don't think it will last because it doesn't look strong (yet).

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down
DJI	Down	Down	Down
NasdaqComp	Down	Down	Down
Natural Gas	Down	Down	Down
Oil	Down	Down	Down
SecurityBroker	Down	Down	Down (-)
Bank	Down	Neutral	Up (+)
Insurance	Down	Neutral	Neutral
Housing	Down	Neutral	Up
Shipping	Down	Down	Down
Steel	Down	Down	Down
Retail	Down	Up (+)	Up
Biotech	Up	Neutral	Down (-)
Airline	Down	Neutral	Up

Credit Suisse (CS)

CS Weekly Chart

Looks like Credit Suisse (CS) is going down again. Support at 39/35. Bought put.

Super Regret

Once it a while, I will be overwhelmed with the feeling of regret. It can be due to not cutting loss or cutting loss or not buying. My current super regret is Lehman! Yes, that Korean news makes me nervous. So I sold out with a loss. What happened after 5 trading days is that Lehman got crushed. Aiyoh...I missed my potential 8+ return.

Overseas Shiphldg (OSG)

OSG Weekly Chart

Not a good start for this one. Bought put based on Tuesday break of the asymmetrical triangle. Additionally, the uptrend line also broken. But Overseas (OSG) has recovered back into the triangle. Maybe it is not a triangle after all. A rectangular?

Visa (V)

Visa Weekly Chart

Visa (V) has given me a sell signal. Looks like a rising flag has been broken. Support at 55. Bought put.

Las Vegas Sands (LVS)

LVS Weekly Chart

Las Vegas Sands (LVS) has broken its rising flag and a daily sell signal has been given. Supports: 39/30. Bought put for LVS.

Sector Indexes (20080905)

Looks like the financials are still holding up well.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down (-)
DJI	Down	Down	Down (-)
NasdaqComp	Down	Down (-)	Down (-)
Natural Gas	Down	Down	Down (-)
Oil	Down	Down	Down (-)
SecurityBroker	Down	Down	Neutral
Bank	Down	Neutral	Neutral
Insurance	Down	Neutral	Neutral
Housing	Down	Neutral	Up
Shipping	Down	Down	Down (-)
Steel	Down	Down	Down
Retail	Down	Neutral	Up
Biotech	Up	Neutral (-)	Neutral
Airline	Down	Neutral	Up (+)

MGM Mirage (MGM)

MGM Weekly Chart

MGM Mirage (MGM) may be continuing the downtrend. I'm anticipating a drop after the rising flag has been broken. Thus, I have bought puts for MGM.

August 08 Performance

Simply terrible. I got everything wrong. Gone into negative performance for the month of August.

AKAM Put (2+): Just lucky that it got a big drop after I bought the put.

LULU Put (1+): Sold at the bottom area of the channel. 

GES Put (-): From positive to negative!

TK Put (+): Another lucky trade that got a big drop right after I enter.

GLW Call (---): Expired worthless!

CAT Call (---): Another expired worthless!

STLD Call (---): Another worthless.

It is a tough August for me. Hopefully September will be better.

Sector Indexes (20080829)

I think the election effect is kicking in. I can see some stabilization now.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Neutral
DJI	Down	Down	Neutral
NasdaqComp	Down	Neutral	Neutral
Natural Gas	Down	Down	Neutral (+)
Oil	Down	Down	Neutral (+)
SecurityBroker	Down	Down	Neutral (+)
Bank	Down	Neutral (+)	Neutral (+)
Insurance	Down	Neutral (+)	Neutral (+)
Housing	Down	Neutral	Up
Shipping	Down	Down	Neutral (+)
Steel	Down	Down	Down
Retail	Down	Neutral	Up
Biotech	Up	Up	Neutral
Airline	Down	Neutral	Neutral