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The Humble Speculator
Tuesday, March 3, 2009
IBM and XOM suggest continued erosion of markets
went long the XOM july 75 puts on the break of 25 year trend line on massive volume, also direct shorted 500 IBM on a obv sell signal.
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Never listen to me or trade based on anything I say or do. I am not a professional of any sort.
This Blog is just to help me stick to trading themes and hopefully help me stabilize my performance.
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entering short again small /ES limit 809.00
covered my /ES short and BGZ long.
I can imagine a scenerio where the passing of G-20...
Market looks to be rolling off of resistance
slowing it down and stepping back for a minute
I continue to maintain my long in BGZ and re opene...
Couple of things that keep me Bearish
Market at absolute extreme limits
Long term /ES channel lines
IBM and XOM suggest continued erosion of markets
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