Holidays!

Ok, I must remember the long holidays. Since I'm not living in the US, I am not familiar with the holidays. I got a good position last week, but everything changes from Friday onwards. With the coming Thanksgiving holiday, the bulls have manage to push up in low volume. Mind you, the changes to my options value is substantial with this low volume push up. It is no fun to see double digits gains being reduce into nothing. Next time, I will remember this sort of things happen during long holidays.

Gilead (GILD)

GILD Daily Chart

Gilead (GILD): GILD broken rising flag. Supports: 35/30. Bought 2009 Feb put.

A lot of biotech stocks gave me a sell signal last week. That is why I have opened many positions in this sector. I'm not sure whether the general market has found bottom or not. A slight bullish divergence in the daily chart indicates so. More evidence is needed.

Still Down But A Bounce Soon?

Every sectors that I'm monitoring is still pointing downwards:

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down
DJI	Down	Down	Down
Nasdaq Comp	Down	Down	Down
Russell 2000	Down	Down	Down
AMEX Natural Gas	Down	Down	Down
AMEX Oil	Down	Down	Down
AMEX Security Broker	Down	Down	Down
KBW Bank	Down	Down	Down
KBW Insurance	Down	Down	Down
PHLX Housing	Down	Down	Down
PHLX Shipping	Down	Down	Down
S&P Retail	Down	Down	Down
AMEX Biotech	Down	Down	Down
AMEX Airline	Down	Down	Down

The Obama stimulus package may stop the downward movement. The last hour movement caught me by surprise. I hate this kind of sudden movement. This market is really had to predict.

Teva Pharmaceutical (TEVA)

TEVA Weekly Chart

Teva Pharmaceutical (TEVA): Enter order when TEVA was shown to have clearly broken the rising flag. Unfortunately, a late rally means that I still have to wait for the confirmation pattern. Bought 2009 Mar put.

3M (MMM)

MMM Weekly Chart

3M (MMM): Broken rising flag. Sell signal 2 days ago. Support 55/50/44/40. Bought 2009 Jan put.

Genzyme (GENZ)

GENZ Monthly Chart

Genzyme (GENZ): Has broken its rising triangle. Uptrend channel also broken. Supports 60/41. Bought 2009 Jan put.

Chevron (CVX)

CVX Daily Chart

Chevron (CVX): Anticipating for a breakdown from a triangle. Support: 55/48. Bought 2009 Jan put.

Going Down Again

Base on my readings, all major indexes are going down again.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down
DJI	Down	Down	Down
Nasdaq Comp	Down	Down	Down
Russell 2000	Down	Down	Down
AMEX Natural Gas	Down	Down	Down (-)
AMEX Oil	Down	Down	Down (-)
AMEX Security Broker	Down	Down	Down
KBW Bank	Down	Down	Down
KBW Insurance	Down	Down	Down
PHLX Housing	Down	Down	Down
PHLX Shipping	Down	Down	Down
S&P Retail	Down	Down	Down
AMEX Biotech	Down	Down	Down
AMEX Airline	Down	Down	Down (-)

Biogen (BIIB)

BIIB Monthly Chart

Biogen (BIIB): Anticipating BIIB to give me a sell signall soon. BIIB has broken its uptrend line. Support: 40/34. Bought 2009 Jan put.

Celgene (CELG)

CELG Weekly Chart

Celgene (CELG): CELG gave a sell signal and should break 50.00. Support 50/40. Bought 2009 Jan put.

This is my 100th post! Yippee!

JP Morgan (JPM)

JPM Daily Chart

JP Morgan (JPM): JPM gave a sell signal a few days ago. It has broken its rising flag. Support 34/27/20. Bought 2009 Jan put.

Chubb Corp (CB)

CB Daily Chart

Chubb (CB): CB may have broken its rising flag. May challenge 34.00 again. Support: 45/40/34. Bought 2009 Jan put.

Credit Suisse (CS)

CS Monthly Chart

Credit Suisse (CS): CS has clearly broken its last uptrend line. Rebound should be over. S: 30/26/15. Bought 2009 Mar put.

USBancorp (USB)

USB Weekly Chart

US Bancorp (USB): Betting that it will finally break below the uptrend line. Bought Jan 09 Put.

Sector Indexes (20081107)

My interpretations:

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down (-)
DJI	Down	Down	Down (-)
Nasdaq Comp	Down	Down	Down (-)
AMEX Natural Gas	Down	Down	Neutral
AMEX Oil	Down	Down	Neutral
AMEX Security Broker	Down	Down	Down
KBW Bank	Down	Down	Down (-)
KBW Insurance	Down	Down	Down
PHLX Housing	Down	Down	Down
PHLX Shipping	Down	Down	Down (-)
S&P Retail	Down	Down	Down (-)
AMEX Biotech	Down	Down	Down (-)
AMEX Airline	Down	Down	Neutral

October 08 Performance

The month of October was a good month for me. As usual, I underestimated the down move, thus I missed out a lot of profits. Options that I have closed are:

• ACE Nov Put (++): From profit to loss to profit. What a roller coaster ride.
  
• ALL Jan Put (6+): Good one! Almost nail the bottom.
• AXB Dec Put (4+): Good one!
  
• AXP Oct Put (-): As expiration nears, I dump this before the great move down! Duh!
• AXP Jan Put (+++): This one is hard to play. So, I'm getting out.
• AUY Oct Call (---): Believed that gold will go higher. Wanted to wait for it to go higher, but the believe didn't have enough time to work out. Expired worthless.
  
• CB Oct Put (+): Glad to get out of this one with a really tiny profit.
  
• COH Nov Put (++): Took profit too early.
• CS Dec Put (6+): Good one! Almost nail the low.
  
• DSX Dec Put (+++): Took an early profit for this.
• EP Oct Call (---): What a believe! Believe that the world is craving for more energy, didn't let go due this believe, so got flattened!
  
• GME Jan Put (++): Took profit due to the fear of a strong rebound.
  
• JWN Oct Put(+): Glad to get out of this one without a loss.
• KSS Oct Put (=): Just glad to get out without a loss for this one.
• LM Nov Put (8+): Fantastic! Could have been better, but I'm satisfied.
  
• LVS Dec Put (7+): Sold at mid-teens. Thought that that was the lowest it can get to. Boy was I wrong!
• MDC Dec Put (++): Took an early profit.
  
• MGM Nov Put (+++): Took profit while it was in the high teens.
• MGM Dec Put (6+): Good one!
  
• OSG Jan Put (4+): Good one!
• PDCO Oct Put (+): Glad to get out of this one as it almost expired worthless.
• RL Oct Put (--): Took a loss due to expiration date.
• V Dec Put (7+): Fantastic! Almost near the low.

I guessed correctly the retailers direction, but my timing was all wrong. Thus, most of my retailers counters was lucky to go into the black.

ACE (ACE)

ACE Weekly Chart

ACE (ACE): Expecting this insurance to go down. Bought the Jan 09 Put on last Friday.

Sector Indexes (20081031)

Looks like the market is trying to pushed higher. The midterm and longterm trend is still down:

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Neutral (+)
DJI	Down	Down	Neutral (+)
Nasdaq Comp	Down	Down	Neutral (+)
AMEX Natural Gas	Down	Down	Neutral (+)
AMEX Oil	Down	Down	Neutral (+)
AMEX Security Broker	Down	Down	Down
KBW Bank	Down	Down	Neutral (+)
KBW Insurance	Down	Down	Down
PHLX Housing	Down	Down	Down
PHLX Shipping	Down	Down	Neutral (+)
Sig Steel	Down	Down	Down
S&P Retail	Down	Down	Neutral (+)
AMEX Biotech	Down	Down	Neutral (+)
AMEX Airline	Down	Down	Neutral

My puts and calls are both not working well. Will reduce trading until a much clearer signal emerges.