May 31, 2012

05/31/2012 Session


No trades.

Orders for 06/01/2012 session:

Buy YMM12 @12,302 with 12,284 stop and 12,338 take-profit.
(Daily S1 support @12,300; daily Pivot Point @12,390)

Sell YMM12 @12,598 with 12,616 stop and 12,562 take-profit.
(Weekly R1 resistance @12,581 and daily R2 resistance @12,562)

[ For some background and a disclaimer, please read this post and especially this post. ]

May 30, 2012

05/30/2012 Session


One trade:

Bought YMM12 @12,402, sold @12,429; P&L: + 27 points.

Order for 05/31/2012 session:

Buy YMM12 @12,302 with 12,284 stop and 12,338 take-profit.
(Daily S1 support @12,308)

[ For some background and a disclaimer, please read this post and especially this post. ]

May 29, 2012

05/29/2012 Session


No trades.

Orders for 05/30/2012 session:

Buy YMM12 @12,402 with 12,384 stop and 12,429 take-profit.
(Daily S2 support @12,387; weekly Pivot Point @12,434)

Sell YMM12 @12,698 with 12,716 stop and 12,662 take-profit.
(Daily R2 resistance @12,697; daily R1 resistance @12,640)

[ For some background and a disclaimer, please read this post and especially this post. ]

May 27, 2012

05/25/2012 Session


No trades

Order for 05/28/2012 session:

Sell YMM12 @12,598 with 12,616 stop and 12,562 take-profit.
(Weekly R1 resistance @12,581; daily R1 resistance @12,543)

[ For some background and a disclaimer, please read this post and especially this post. ]

May 26, 2012

An Alternative View On the Lost Face(book)


The New York Times' Joe Nocera, probably the second best Op-Ed columnist there, does not join the "cataclysmic failure that was the Facebook IPO"-chorus. His take on the IPO (and IPOs in general) is well worth a read:
But let’s be honest. Were there really any long-term investors in Facebook that first day? Judging by the torrent of criticism that has rained on Facebook and Morgan Stanley, it sure doesn’t appear that way. Instead, what the Facebook aftermath suggests is that we’ve all become brainwashed into believing that, when it comes to I.P.O.s, up is down and down is up. A successful I.P.O. is one where the company gets hosed by Wall Street. A failed I.P.O. is one where the company’s interests, not those of Wall Street speculators, are served. It’s Alice in Wonderland goes to Wall Street.

May 24, 2012

05/24/2012 Session


No trades

Order for 05/25/2012 session:

Sell YMM12 @12,648 with 12,666 stop and 12,612 take-profit.
(Weekly R1 resistance @12,649 and daily R2 resistance @12,643; daily R1 resistance @12,590)

[ For some background and a disclaimer, please read this post and especially this post. ]

05/23/2012 Session


One trade:

Bought YMM12 @12,352, stopped out @12,334; P&L: - 18 points.

[ For some background and a disclaimer, please read this post and especially this post. ]

May 23, 2012

05/22/2012 Session


One trade:

Sold YMM12 @12,548, covered @12,512; P&L: + 36 points.

Orders for 05/23/2012 session:

Buy YMM12 @12,352 with 12,334 stop and 12,388 take-profit.
(Daily S2 support @12,354; daily S1 support @12,416)

Sell YMM12 @12,548 with 12,566 stop and 12,512 take-profit.
(Daily R1 resistance @12,546; weekly and daily Pivot Points @12,484)

[ For some background and a disclaimer, please read this post and especially this post. ]