Outlook
Crazy market last week, a drop followed by a recovery. My options expired out of the money so I kept last week's premium. As I said last week, I was lucky. The market has closed the gap that opened up after Sep 17, when the Evergrande news hit the market.
This has left us with some good trades, both buying and selling, so we can make money either way. Looking at the watchlist, we have three possible trades buying ( going long ) the underlying, and four possible trades selling ( going short ) the market.
Watchlist
Long Trades
Possible Long ProShares UltraPro Short QQQ SQQQ
Possible Long iShares 20+ Year Treasury Bond ETF TLT
Possible Long iPath Series B S&P 500 VIX Short-Term Futures ETN VXX
Short Trades
Possible Short AAPL Apple Computer AAPL
Possible Short QQQ Invesco QQQ Trust QQQ
Possible Short SPY SPDR S&P 500 ETF Trust SPY
Possible Short XLF Financial Select Sector SPDR Fund XLF
My watchlist is the list of tickers that I watch for my next trade. Not all of these trades are ready, my watchlist is POSSIBLE of trades. The watchlist can change from day to day, so always look for the most watchlist.
Economic Calendar
Monday September 27
07:30 AM Durable Goods Orders MoM AUG
Friday October 01
07:30 AM Personal Income MoM AUG
07:30 AM Personal Spending MoM AUG
09:00 AM ISM Manufacturing PMI SEP
Documentation
Disclaimer
Simple Disclaimer: Trading is not for everyone, and you can lose a lot of money faster than you can imagine. Don’t trade with any money you cannot afford to use. Some or all of the trades posted here, I may or may not have taken. If you really want to know, ask me.