Market really just keeps running up, but the correction is overdue. So I am taking a double short swingtrade right here at the 1000.00 level. I am looking for a profit of over 25 points on both shorts, if however the market keeps running up I will have to admit I was wrong and take the loss at around 1020.00.

People are forgetting that the unemployment rate keeps going up, banks are increasing their provisions for people and companies who will not be able to pay off their debts if the recession lasts longer than expected.

If I walk the streets today, I have the feeling that people are only beginning to start spending less and not the end of this recession. Good luck trading in these wild markets!

As planned, I reversed my trade at the 940 level last week, and today I can already take my 25 point profit to make up for the losses from last week. What a ride this market is having!

I will be looking to get short if we have another pop in the market because a correction is due to occur in the next couple of weeks. Earnings are coming out better than expected, but the profits that are left are peanuts if you compare them with 2 years ago.

I bet it will be raining buy-advices from analysts, but that’s just so that they can get out of their long positions and hand them over to the general crowd which is getting greedy again. Which is what started the whole crisis, greed…

Painfull as it is, I got stopped out of my swingtrade for an 18 point loss. As planned, I reversed the short to a long with a target and a stoploss of 25 points.

Since the tops of earlier this year have been broken, we should move even higher from here, even though it looks unlikely. Remember that the market can stay unreal longer than you can stay solvent!

I already got stopped out on my daytrade with a loss of 5 points. The markets are really strong last couple of days.

Hello people, back from vacation from Vietnam, took alot longer than I expected… Unfourtunately I was unable to post on my blog due to the fact that I forgot my password at home.

I am entering a swingtrade to the short side on ES at these levels (922.00) and a daytrade at the same level. The target for the swingtrade is <900.00 and the stoploss/reverse is at around 940.00. The target and stoploss for the daytrade is at +5/-5 points.

Good to be back, enjoy trading today!

I am on holiday to Vietnam untill end of june, I got stopped out of the second part of that ES short at 915.00.

I put a stop on one out of 2 ES shorts at 888.75 for a +15.00 ES points profit. If it does not hit, I will let it run alongside the second short. I see no reason for the market to be going up from here on out, but you never know what happens…

Good trading today!

I am opening up a swing short on this pop on consumer confidence at 897.50. Target / Stoploss +15.00 -15.00.

Good luck trading this volatile session today!

I am covering my remaining short on the ES at 885.00 for a profit of 27.5 points. Well done if you went along for the ride, if not -> don’t worry, every day there are new opportunities! Don’t chase the market if you missed your entry. This brings the total profit for this month to 82.5 ES points or 4.125,00$, but I have to deduct a .50 point loss from the bad oil trade, leaving me with 3.625,00 $ profit.

Thanks to this last profitable swingtrade I am well over my 10% profit target for this month, but this does not mean I will stop trading. Good luck trading for the rest of the day, perhaps I will come back this evening with another trade if the market overreacts in any way.

I am covering one out of two ES shorts at 897.50 for a 15 point profit and am letting the rest run with a stoploss at the breakevenpoint. More charts later on the day!