Trading In US Options

Weekly Summary

2010-07-26T11:14:00.003+08:00

It has been a while I posted anything here. Seems like inflation is not happening and the deflationary forces is higher. TBT collapsed after I bought the call options. Ouch!

The sector summary for the week ending 23 Jul 2010:

USA	Monthly	Weekly	Daily
S&P500	Down	Neutral (+)	Neutral
DJI	Neutral (+)	Neutral (+)	Neutral
NasdaqComp	Neutral (+)	Neutral (+)	Neutral
DJ Transport	Up	Neutral (+)	Neutral
DJ Utility	Neutral (+)	Up (+)	Up
Russell 2000	Up	Down	Neutral (+)
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Down	Neutral (+)
AMEX Gold Bugs	Up	Neutral	Neutral (+)
AMEX Natural Gas	Down	Down	Neutral (+)
AMEX Oil	Down	Neutral (+)	Neutral
AMEX Security Broker	Down	Down	Neutral
AMEX Telco	Up	Up (+)	Up
KBW Bank	Up	Down	Down (-)
KBW Insurance	Up	Down	Neutral (+)
PHLX Housing	Down	Down	Neutral
S&P Retail	Down	Down	Neutral

As you can see, the performance for the various sectors are mixed. There is no clear winner at this moment. Currently, telco and airline is the strongest. I'm still waiting for the mining sector to perform.

TBT

2010-03-26T10:00:00.003+08:00

TBT Daily Chart

Looks like a break. It's almost 1 year that I didn't trade in any options. TBT options is my first of the year.

Disclosure: Long

Nova Gold

2010-03-04T10:07:00.002+08:00

NG Daily Chart

Long in Nova Gold (NG). Gave me a buy signal and may have been broken out of the short term downtrend. This stock is trading in a tight channel.

USA Weekly Summary

2010-01-16T12:29:00.003+08:00

S&P 500 Daily Chart

S&P 500: Seems like it is now testing the resistance turned support that it has broken 2 weeks ago. Trend is still up.

DJI Daily Chart

DJI: Different case for DJI. Still no success in breaking the upper resistance line. Now, just a few points above the uptrend support line. Trend is still up.

Nasdaq Composite Daily Chart

Nasdaq Composite: The movement for this index has the same pattern as the S&P 500. Support is at around 2260.

The summary for the rest:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up
DJI	Up	Up	Up
NasdaqComp	Up	Up	Neutral (-)
DJ Transport	Up	Up	Up
DJ Utility	Up	Up	Neutral
Russell 2000	Up	Up	Up
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up	Up
AMEX Gold Bugs	Up	Neutral (-)	Neutral
AMEX Natural Gas	Up	Up	Neutral (-)
AMEX Oil	Up	Up	Neutral (-)
AMEX Security Broker	Up	Up	Neutral (-)
AMEX Telco	Up	Up	Neutral
KBW Bank	Up	Up	Up
KBW Insurance	Up	Up	Up
PHLX Housing	Up	Up	Up
PHLX Semiconductor	Up	Up	Neutral (-)
S&P Retail	Up	Up	Neutral (-)

You can see that there were a lot of correction last week. Commodity play is still under correction.

Weekly Summary

2010-01-09T15:56:00.004+08:00

NASDAQ Composite Weekly Chart

Nasdaq Comp: Broke out of rising wedge. Next resistance at 2350. Daily and weekly chart is slightly overbought. Monthly chart shows that there is still a lot of room to go.

DJI Weekly Chart

DJI: Making a rising flag. Daily still not yet overbought. Therefore, it is still possible for it to break higher. If it does, next resistance at 11000.

S&P 500 Weekly Chart

S&P 500: Daily still not yet overbought. Next resistance is at around 1200-1220.

The summary for the rest:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up
DJI	Up	Up	Up (+)
NasdaqComp	Up	Up	Up
DJ Transport	Up	Up	Up (+)
DJ Utility	Up	Up	Neutral
Russell 2000	Up	Up	Up
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up	Up
AMEX Gold Bugs	Up	Up (+)	Neutral
AMEX Natural Gas	Up	Up	Up (+)
AMEX Oil	Up	Up	Up
AMEX Security Broker	Up	Up	Up
AMEX Telco	Up	Up	Neutral
KBW Bank	Up	Up (+)	Up (+)
KBW Insurance	Up	Up	Up
PHLX Housing	Up	Up	Up
PHLX Semiconductor	Up	Up	Up
S&P Retail	Up	Up	Up (+)

Weekly Summary

2009-12-14T07:31:00.002+08:00

I'm amazed that the market is still going up. I was expecting some sort of correction.

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up
DJI	Up	Up	Up (+)
NasdaqComp	Up	Up	Up
DJ Transport	Up	Up	Up
DJ Utility	Up	Up	Up
Russell 2000	Up	Up	Up (+)
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up	Up
AMEX Gold Bugs	Up	Up	Neutral
AMEX Natural Gas	Up	Neutral	Down
AMEX Oil	Up	Neutral (-)	Down (-)
AMEX Security Broker	Up	Neutral	Down (-)
AMEX Telco	Up	Up	Up
KBW Bank	Up	Neutral	Down
KBW Insurance	Up	Neutral	Neutral (+)
PHLX Housing	Up	Neutral	Down (-)
PHLX Semiconductor	Up	Up	Up
S&P Retail	Up	Up	Up

Weekly Summary

2009-12-06T21:07:00.003+08:00

The reading for the week ending 4 Dec 2009:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up (+)
DJI	Up	Up	Up
NasdaqComp	Up	Up	Up (+)
DJ Transport	Up	Up	Up (+)
DJ Utility	Up	Up	Up
Russell 2000	Up	Up (+)	Neutral (+)
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up (+)	Up (+)
AMEX Gold Bugs	Up	Up	Neutral (-)
AMEX Natural Gas	Up	Neutral	Down (-)
AMEX Oil	Up	Up	Neutral
AMEX Security Broker	Up	Neutral	Neutral (+)
AMEX Telco	Up	Up	Up
KBW Bank	Up	Neutral	Down
KBW Insurance	Up	Neutral	Down
PHLX Housing	Up	Neutral	Neutral (+)
PHLX Semiconductor	Up	Up (+)	Up (+)
S&P Retail	Up	Up	Up

US market still refuse to go down. I guess that it will continue to go up, step-by-step, since there are still many bears that are expecting a selldown.

Weekly Summary

2009-11-30T17:20:00.001+08:00

Financial sector is the weakest.

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral
DJI	Up	Up	Up
NasdaqComp	Up	Up	Neutral
DJ Transport	Up	Up	Neutral
DJ Utility	Up	Up (+)	Up (+)
Russell 2000	Up	Neutral	Down (-)
AMEX Airline	Up	Up (+)	Up (+)
AMEX Biotech	Up	Neutral	Neutral (+)
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Neutral	Neutral
AMEX Oil	Up	Up	Neutral
AMEX Security Broker	Up	Neutral	Down
AMEX Telco	Up	Up	Up
KBW Bank	Up	Neutral	Down (-)
KBW Insurance	Up	Neutral	Down
PHLX Housing	Up	Neutral	Down (-)
PHLX Semiconductor	Up	Neutral	Down (-)
S&P Retail	Up	Up	Up (+)

Silver

2009-11-26T17:56:00.001+08:00

Silver Futures Daily Chart

Silver may have overcame it's channel trading. A possible parabolic move from here.

Disclosure: Long SLV, AGQ, HL.

Weekly Summary

2009-11-22T17:04:00.002+08:00

US market looks weak. Buy signal only lasted briefly. Selling pressure is great. Looks like the financial is starting to roll-over.

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral (-)
DJI	Up	Up	Up
NasdaqComp	Up	Up	Neutral (-)
DJ Transport	Up	Up	Neutral (-)
DJ Utility	Up	Neutral	Neutral
Russell 2000	Up	Neutral	Neutral
AMEX Airline	Up	Neutral	Neutral
AMEX Biotech	Up	Neutral	Down (-)
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Neutral (-)	Neutral
AMEX Oil	Up	Up	Neutral
AMEX Security Broker	Up	Neutral	Down (-)
AMEX Telco	Up	Up	Up
KBW Bank	Up	Neutral	Neutral (+)
KBW Insurance	Up	Neutral	Down (-)
PHLX Housing	Up	Neutral	Neutral
PHLX Semiconductor	Up	Neutral	Neutral
S&P Retail	Up	Up	Neutral (-)

Weekly Summary

2009-11-16T21:27:00.001+08:00

I'm not posting much here because I'm out of money to buy anything. I am now just sitting on my positions that was entered 3-4 months ago.

Anyhow, here is the summary for the various sectors:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up (+)
DJI	Up	Up	Up
NasdaqComp	Up	Up	Up (+)
DJ Transport	Up	Up (+)	Up (+)
DJ Utility	Up	Neutral	Neutral
Russell 2000	Up	Neutral	Neutral
AMEX Airline	Up	Neutral	Neutral
AMEX Biotech	Up	Neutral	Neutral
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Up	Neutral
AMEX Oil	Up	Up	Neutral (-)
AMEX Security Broker	Up	Neutral	Neutral
AMEX Telco	Up	Up	Up (+)
KBW Bank	Up	Neutral	Down
KBW Insurance	Up	Neutral	Neutral (+)
PHLX Housing	Up	Neutral	Neutral
PHLX Semiconductor	Up	Neutral	Neutral (+)
S&P Retail	Up	Up	Up

Weekly Summary

2009-11-10T02:50:00.002+08:00

Strongest sectors are gold, oil and retail. I don't understand why retail is going up when the consumers are now paying off their debt. I guess, most of the time, there is no logic behind a stock movement.

The summary for the rest:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral
DJI	Up	Up	Up (+)
NasdaqComp	Up	Up	Neutral
DJ Transport	Up	Neutral	Neutral (+)
DJ Utility	Up	Neutral	Neutral (+)
Russell 2000	Up	Neutral	Neutral (+)
AMEX Airline	Up	Neutral	Neutral (+)
AMEX Biotech	Up	Neutral	Neutral (+)
AMEX Gold Bugs	Up	Up (+)	Up (+)
AMEX Natural Gas	Up	Up	Neutral
AMEX Oil	Up	Up	Up (+)
AMEX Security Broker	Up	Neutral	Neutral
AMEX Telco	Up	Up (+)	Neutral
KBW Bank	Up	Neutral	Down
KBW Insurance	Up	Neutral	Down
PHLX Housing	Up	Neutral	Neutral (+)
PHLX Semiconductor	Up	Neutral	Down
S&P Retail	Up	Up	Up (+)

Weekly Summary

2009-11-01T21:45:00.002+08:00

From the charts that I have seen, only the housing index gives a strong sell, the rest, only a weak sell. So, my conclusion is that the current sell off is just a normal correction.

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral
DJI	Up	Up	Neutral (-)
NasdaqComp	Up	Up	Neutral (-)
DJ Transport	Up	Neutral (-)	Down (-)
DJ Utility	Up	Neutral (-)	Down (-)
Russell 2000	Up	Neutral (-)	Down (-)
AMEX Airline	Up	Neutral (-)	Down (-)
AMEX Biotech	Up	Neutral (-)	Down (-)
AMEX Gold Bugs	Up	Neutral (-)	Neutral
AMEX Natural Gas	Up	Up	Neutral
AMEX Oil	Up	Up	Neutral (-)
AMEX Security Broker	Up	Neutral (-)	Neutral
AMEX Telco	Up	Neutral (-)	Neutral
KBW Bank	Up	Neutral (-)	Down (-)
KBW Insurance	Up	Neutral (-)	Down (-)
PHLX Housing	Up	Neutral	Down (-)
PHLX Semiconductor	Up	Neutral (-)	Down (-)
S&P Retail	Up	Up	Neutral (-)

Weekly Summary (late)

2009-10-27T17:26:00.001+08:00

Summary:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral (-)
DJI	Up	Up	Up
NasdaqComp	Up	Up	Up
DJ Transport	Up	Up	Neutral (-)
DJ Utility	Up	Up	Neutral (-)
Russell 2000	Up	Up	Neutral (-)
AMEX Airline	Up	Up	Neutral (-)
AMEX Biotech	Up	Up	Neutral (-)
AMEX Gold Bugs	Up	Up	Neutral (-)
AMEX Natural Gas	Up	Up	Neutral (-)
AMEX Oil	Up	Up	Up
AMEX Security Broker	Up	Up	Neutral (-)
AMEX Telco	Up	Up	Neutral (-)
KBW Bank	Up	Up	Neutral (-)
KBW Insurance	Up	Up	Neutral (-)
PHLX Housing	Up	Neutral (-)	Neutral (-)
PHLX Semiconductor	Up	Up	Neutral (-)
S&P Retail	Up	Up	Up

Oil and retail is still holding up.

Weekly Summary

2009-10-18T16:29:00.001+08:00

Improved bullishness but doesn't seem to be a strong up movement.

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up
DJI	Up	Up	Up
NasdaqComp	Up	Up	Up
DJ Transport	Up	Up	Up
DJ Utility	Up	Up (+)	Up (+)
Russell 2000	Up	Up	Up
AMEX Airline	Up	Up	Up (+)
AMEX Biotech	Up	Up	Up (+)
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Up	Up
AMEX Oil	Up	Up	Up
AMEX Security Broker	Up	Up	Up
AMEX Telco	Up	Up	Up
KBW Bank	Up	Up	Up
KBW Insurance	Up	Up	Up
PHLX Housing	Up	Up (+)	Up (+)
PHLX Semiconductor	Up	Up	Up
S&P Retail	Up	Up	Up

Weekly Summary

2009-10-11T20:33:00.001+08:00

The up trend has resume:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up (+)
DJI	Up	Up	Up (+)
NasdaqComp	Up	Up	Up (+)
DJ Transport	Up	Up	Up (+)
DJ Utility	Up	Neutral	Neutral
Russell 2000	Up	Up	Up (+)
AMEX Airline	Up	Up	Neutral
AMEX Biotech	Up	Up	Neutral
AMEX Gold Bugs	Up	Up	Up (+)
AMEX Natural Gas	Up	Up	Up (+)
AMEX Oil	Up	Up	Up (+)
AMEX Security Broker	Up	Up	Up (+)
AMEX Telco	Up	Up	Up (+)
KBW Bank	Up	Up	Up (+)
KBW Insurance	Up	Up	Up (+)
PHLX Housing	Up	Neutral	Neutral
PHLX Semiconductor	Up	Up	Up (+)
S&P Retail	Up	Up	Up (+)

Platinum Group Metals Ltd. (PLG)

2009-10-08T17:21:00.002+08:00

PLG Weekly Chart

Platinum Group Metals Ltd. (PLG) has broken out of downtrend. Platinum price is going up. Trying to ride the trend with PLG.

Disclosure: Long in PLG.

Weekly Summary

2009-10-05T00:39:00.002+08:00

S&P 500 Daily Chart

2 weeks of correction and still no sign of stabilization. Based on the daily S&P 500 chart, for it to go up further, it must build a base at current value. I believe that it should rebound at the beginning of the week to 1050 and then come back down.

For the rest of the sectors, no serious sign of massive selling yet:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral
DJI	Up	Up	Neutral
NasdaqComp	Up	Up	Neutral
DJ Transport	Up	Up	Neutral
DJ Utility	Up	Neutral (-)	Neutral
Russell 2000	Up	Up	Neutral
AMEX Airline	Up	Up	Neutral (-)
AMEX Biotech	Up	Up	Neutral
AMEX Gold Bugs	Up	Up	Neutral
AMEX Natural Gas	Up	Up	Neutral
AMEX Oil	Up	Up	Neutral
AMEX Security Broker	Up	Up	Neutral
AMEX Telco	Up	Up	Neutral
KBW Bank	Up	Up	Neutral
KBW Insurance	Up	Up	Neutral
PHLX Housing	Up	Neutral (-)	Neutral
PHLX Semiconductor	Up	Up	Neutral
S&P Retail	Up	Up	Neutral

Trading Leverage ETF

2009-09-29T19:52:00.002+08:00

I find it difficult to trade options now. The stocks are just moving up slowly. This is a disadvantage because of the time factor for options. That is why I have decided to play leveraged ETFs such as the Direxion 3xs. This way, I still have the leverage but without time constraint.

I guess that options are more suitable for a bear market than a bull market.

Weekly Summary

2009-09-28T17:38:00.001+08:00

A week weak for stocks. How much will it correct? Will this turn into a more serious selldown?

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral (-)
DJI	Up	Up	Neutral (-)
NasdaqComp	Up	Up	Neutral (-)
DJ Transport	Up	Up	Neutral (-)
DJ Utility	Up	Up	Neutral (-)
Russell 2000	Up	Up	Neutral (-)
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up	Neutral (-)
AMEX Gold Bugs	Up	Up	Neutral (-)
AMEX Natural Gas	Up	Up	Neutral (-)
AMEX Oil	Up	Up	Neutral (-)
AMEX Security Broker	Up	Up	Neutral (-)
AMEX Telco	Up	Up	Neutral (-)
KBW Bank	Up	Up	Neutral (-)
KBW Insurance	Up	Up	Neutral (-)
PHLX Housing	Up	Up	Neutral (-)
PHLX Semiconductor	Up	Up	Neutral (-)
S&P Retail	Up	Up	Neutral (-)

Weekly Summary

2009-09-20T20:06:00.003+08:00

S&P 500 Weekly Chart

It seems that S&P 500 has broken out of it's channel. It is going to test the downtrend line where the resistance currently is at 1120. The other sectors all are very bullish indeed.

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up
DJI	Up	Up	Up
NasdaqComp	Up	Up	Up
DJ Transport	Up	Up	Up
DJ Utility	Up	Up	Up (+)
Russell 2000	Up	Up	Up
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up	Up
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Up	Up
AMEX Oil	Up	Up	Up
AMEX Security Broker	Up	Up	Up
AMEX Telco	Up	Up	Up
KBW Bank	Up	Up	Up
KBW Insurance	Up	Up	Up
PHLX Housing	Up	Up	Up
PHLX Semiconductor	Up	Up	Up
S&P Retail	Up	Up	Up

Weekly Summary

2009-09-13T20:55:00.002+08:00

DJI Weekly Chart

DJI continues to go up. 10,000 is within reach.

Nasdaq Composite Weekly Chart

Broken out of downtrend. Next resistance is 2180-2200.

AMEX Oil Index

May have broken out of range bound trading. Oil must stay high for investment to flow into this sector. Currently, new oil fields are found deep in the middle of the sea. This require huge investment (i.e. big oil rig, storage service, transport service).

The summary for the rest of the sectors:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up (+)
DJI	Up	Up	Up (+)
NasdaqComp	Up	Up	Up
DJ Transport	Up	Up	Up
DJ Utility	Up	Up	Neutral
Russell 2000	Up	Up	Up (+)
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up	Up
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Up	Up (+)
AMEX Oil	Up	Up	Up
AMEX Security Broker	Up	Up	Up (+)
AMEX Telco	Up	Up	Up
KBW Bank	Up	Up	Up (+)
KBW Insurance	Up	Up	Up (+)
PHLX Housing	Up	Up	Up (+)
PHLX Semiconductor	Up	Up	Up
S&P Retail	Up	Up	Up

Weekly Summary

2009-09-06T19:59:00.002+08:00

Every sectors still pointing up. Is this a sign of inflation?

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral (-)
DJI	Up	Up	Neutral (-)
NasdaqComp	Up	Up	Up
DJ Transport	Up	Up	Up
DJ Utility	Up (+)	Up	Neutral (-)
Russell 2000	Up	Up	Neutral (-)
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up	Up
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Up	Neutral
AMEX Oil	Up (+)	Up	Up
AMEX Security Broker	Up	Up	Neutral (-)
AMEX Telco	Up	Up	Up
KBW Bank	Up (+)	Up	Neutral (-)
KBW Insurance	Up	Up	Neutral (-)
PHLX Housing	Up	Up	Neutral (-)
PHLX Semiconductor	Up	Up	Up
S&P Retail	Up	Up	Up

Silver

2009-09-02T19:58:00.003+08:00

Silver Weekly Chart

Silver is on the verge of breakout.

Silver ETF/ETN: SLV, SIVR, USV, DBS, AGQ (2x)

DXO

2009-09-02T15:17:00.002+08:00

Sigh, my DXO is dead. Deutsche Bank is going to redeem it. When I first bought it, I fantasized of 400% gain. Now, my fantasy is gone. Time to look for another ETF/ETN.