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Monday, August 24, 2009

Hitting range in S&P , make some profit in Treasury, some loss in the Nat Gas future...What next ... ?

I have being quite busy did not have time to update my blog which I will be busy for next 10 day to manage my business,, which is not fair to post my daily trading at the end of the day.

The market went as I have anticipated which you can refer back my planned trading range.... which result in good a very good trading session for me...

Sell my long at 1031 , 1032 and 1033, play a few short @ 1034 ..... Planning to covered short start of today (Tuesday ) trading session which my target 1015 - 1020 will place a large long position @ 1012, start to accumulate long at 1015 downward

What is next ... Anticipated early downward momentum in the S&P will use this opportunity to cover the short and wait for opportunity to go long.

For treasury shorting on Monday was a good play and make some short covering and will short more later Maybe on Wednesday will also look for opportunity later today Tuesday..

Nat Gas... I will roller over my Nat Gas contract to october may add more october contract...


The Oil and nat gas ratio is at 19 years high .... I see two trading option for Nat Gas play... Either Short oil or Long Nat Gas in the future or UNG.... which by consideration the short term will be long Nat Gas which I think the Nat gas make some rebounding after contract september expired and will look to short oil start @ US$78 - US$80.00 .... (Pateint with the short) Don;t have much luck on the energy sector so I start to do in small invest like 15% of my fund until I comfortable before adding more of my fund ...

Good trade every one ...
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2 comments:

  1. UnknownAugust 25, 2009 at 12:25 PM

    Hi, so you're fine with the huge contango for Sept rolling over to Oct contract?

    Will the Oct contract fall to around 3.0?

    ReplyDelete
  2. Preditor1976August 25, 2009 at 6:57 PM

    Timothy,

    I think the sell off in the past week is to squeeze the nervous trader out before the expiry end and I think the boy have succeed .. the past few days the price is stabilizing so we should see a closer gap between October and September ..

    Look forward a rebound in the October contract..

    Good trade timothy

    ReplyDelete

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