I was not really active during the months of june and july due to some personal vacation… The total profit count since I began this site ran up from 82.5 ES points around the end of May (and a -.50pt loss on oil) to 88.25 ES points at this moment. I will not hesitate to say to all of you and myself that I could have done better if I had made some better calls, especially in this last runup.

But when looking back, the market always looks easy to read, and in the end I still have profits so I shouldn’t complain too much. Let’s see what this last trade will bring to me and all of you who dare to stand in front of the storm of fake optimism.

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!