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!