November 27, 2012

11/23/2012 Session

No trades.

Standing orders for 11/26/2012 & 11/27/2012 sessions:

Buy YMZ12 @12,702 with 12,673 stop and 12,788 take-profit.
(Weekly S1 support @12,695)

Sell YMZ12 @13,098 with 13,127 stop and 13,012 take-profit.
(Weekly R1 resistance @13,104)

[ For some background and a disclaimer, please read this post and especially this post. For a more general disclaimer, read the section at the bottom of the blog. ]

11/21/2012 Session

One trade:

Sold YMZ12 @12,798,stopped out @12,828; P&L: - 30 points.

[ For some background and a disclaimer, please read this post and especially this post. For a more general disclaimer, read the section at the bottom of the blog. ]

November 19, 2012

11/16/2012 Session

No trades.

Standing orders for 11/19/2012 - 11/21/2012 sessions:

Buy YMZ12 @12,402 with 12,373 stop and 12,488 take-profit.
(Weekly S1 support @12,385)

Sell YMZ12 @12,798 with 12,827 stop and 12,712 take-profit.
(Weekly R1 resistance @12,805)

[ For some background and a disclaimer, please read this post and especially this post. For a more general disclaimer, read the section at the bottom of the blog. ]

11/15/2012 Session

One trade:

Bought YMZ12 @12,502, stopped out @12,484; P&L: - 18 points.
(Ad-hoc entry filled on 11/15/2012 @9:59 am ET then bracket order [12,484 - 12,584]; stopped out @12,484 filled @11:46 am ET)

[ For some background and a disclaimer, please read this post and especially this post. For a more general disclaimer, read the section at the bottom of the blog. ]

November 15, 2012

11/14/2012 Session

No trades.

Order for 11/15/2012 session:

Sell YMZ12 @12,898 with 12,916 stop and 12,862 take-profit.
(Weekly Pivot Point @12,895)

[ For some background and a disclaimer, please read this post and especially this post. For a more general disclaimer, read the section at the bottom of the blog. ]

11/13/2012 Session

One trade:

Bought YMZ12 @12,704, sold @12,744; P&L: + 40 points.
(Ad-hoc entry filled on 11/13/2012 shortly after the 9:30 am ET stock market open then bracket order [12,683 - 12,744]; exit @12,744 filled @9:40 am ET)

Order for 11/14/2012 session:

Sell YMZ12 @12,898 with 12,916 stop and 12,862 take-profit.
(Weekly Pivot Point @12,895)

[ For some background and a disclaimer, please read this post and especially this post. For a more general disclaimer, read the section at the bottom of the blog. ]

November 13, 2012

11/12/2012 Session

No trades.

Order for 11/13/2012 session:

Sell YMZ12 @12,898 with 12,916 stop and 12,862 take-profit.
(Weekly Pivot Point @12,895)

[ For some background and a disclaimer, please read this post and especially this post. For a more general disclaimer, read the section at the bottom of the blog. ]

November 11, 2012

11/09/2012 Session

One trade:

Bought YMZ12 @12,706, sold @12,773; P&L: + 67 points.
(Ad-hoc entry filled on 11/09/2012 shortly after the 9:30 am ET stock market open then bracket order [12,684 - 12,773]; exit @12,773 filled @10:10 am ET)

Order for 11/12/2012 session:

Sell YMZ12 @12,898 with 12,916 stop and 12,862 take-profit.
(Weekly Pivot Point @12,895)

[ For some background and a disclaimer, please read this post and especially this post. For a more general disclaimer, read the section at the bottom of the blog. ]

November 10, 2012

Asian-Americans vs the Conservatives' Alternate Reality

As much as I dislike (nay, fear) writing about politics on this blog (with the current prevailing poisonous atmosphere, nothing good usually comes out of it), I feel I must relay Noah Smith's latest post. It is better written, better thought out and bolder than anything I could have come up with.

Excerpts:

[...] the "maker/taker" narrative has a strong ethnic angle; the "takers" are supposed to be mostly minorities and single women. White men and their wives produce things; blacks, Hispanics, and sluts single women live on the dole. Naturally, this ethnic angle plays well with the conservative "base", i.e. Southern and exurban working-class whites for whom politics is ethnic and tribal. [...] 
So, here's the problem: The narrative is wrong. Completely, utterly, wrong. The Democrats' appeal is not based on people "wanting stuff". And how do I know this? I know it because Asian-Americans voted for Obama by a 3-to-1 margin. [...] 
So, for those of you who don't know this, Asian-Americans make more money than white Americans. Thus, they pay more income tax. And Asians are half as likely as the average American to be on welfare. 
Thus, Asian-Americans, by the Romney/O'Reilly/French definition, are "makers", not "takers". Even more than whites. They're also more likely to be married. And to start businesses. [...] 
 I myself am a member of a group that is demographically and electorally similar to Asian-Americans - namely, Jewish-Americans. Jews are America's second-richest religious group (behind Hindus), and yet Jewish voters broke almost 3-to-1 for Obama this year, and more than 3-to-1 in 2008. Why do Jews vote Democratic? Simple: for all their talk of "Judeo-Christian values" and support for Israel (as if anyone cares about that!), the Republicans make it clear that they think the ethnic core of America is not just white, but Christian as well. Jews don't want to have their schools lead them in prayers to Jesus. We don't like it when Bill O'Reilly demands that stores put only "Merry Christmas" on their holiday banners, and not "Happy Hanukkah".  
We Jews are not stupid; we know that the grassroots of the conservative movement, at least in its present incarnation, will never accept us as true "sons of the soil". The liberal movement will. It's as simple as that. And I'm pretty sure Asian-Americans are thinking along similar lines. [...]

What are the odds that such thinking will penetrate the Conservative intellectual bubble any time soon? Extremely low. Still, it has to be said.

11/07/2012 & 11/08/2012 Sessions

No trades.

[ For some background and a disclaimer, please read this post and especially this post. For a more general disclaimer, read the section at the bottom of the blog. ]

November 7, 2012

11/05/2012 & 11/06/2012 Sessions

No trades.

Order for 11/07/2012 session:

Sell YMZ12 @13,348 with 13,366 stop and 13,312 take-profit.
(Daily R2 resistance @13,350 and weekly R2 resistance @13,348; daily R1 resistance @13,275)

[ For some background and a disclaimer, please read this post and especially this post. For a more general disclaimer, read the section at the bottom of the blog. ]

November 5, 2012

11/02/2012 Session

One trade:

Bought YMZ12 @12,902, stopped out @12,869; P&L: - 33 points.

[ For some background and a disclaimer, please read this post and especially this post. For a more general disclaimer, read the section at the bottom of the blog. ]

November 2, 2012

11/01/2012 Session

One trade:

Sold YMZ12 @13,098, stopped out @13,128; P&L: - 30 points.

Orders for 11/02/2012 session:

Buy YMZ12 @12,902 with 12,869 stop and 12,984 take-profit.
(Weekly S1 support @12,889)

Buy YMZ12 @13,102 with 13,069 stop and 13,184 take-profit.
(Weekly Pivot Point @13,102; daily Pivot Point @13,115)

[ For some background and a disclaimer, please read this post and especially this post. For a more general disclaimer, read the section at the bottom of the blog. ]