VFC 5DPEG

Entry: Day05 after the 1.30pm MRE window. Stock price at $76.80Bought 4 contracts. DEC09 80 CALL. Option premium was $210 per contract.

Target: $1 ETP at $77.80.

Result: Hit $1 ETP on Day04 but was not sold in time. Waited for Day03 and it tanked. Day02 hit the $1 ETP again but option premium did not increase much. Day01 opened slightly higher and STC at ard $78.50. Option premium was at $265.

Exit: Day02. Stock price was at $78.50. Option premium hit $265 per contract.

P/L: Gained total of $220 for 4 contracts. 5DPEG Rock!!

Daily Market Analysis (27-Oct-09)

Futures

Dow-mini: 9845.0 (+4.00)

S&P 500: 1066.9 (+0.50)

NASDAQ 100: 1744.5 (-3.50)

Earnings Watch:Companies Reporting Earnings:
AVY, AMTD, FPL, IACI, JCI, LLL, PCAR, TXT, UA, VLO, WYNN, X

Commodities: Oil (78.88, +0.21)

Predicted Trend: Downwards Consolidation

Support: 9823

Daily Market Analysis (23-Oct-09)

Futures

News Break
Futures added to modest gains as Microsoft posted an impressive earnings beat, joining the parade of firms that have shown positive surprises.
A day after the rollout of its new Windows 7 operating system, Microsoft said it earned 40 cents per share in previous quarter, well ahead of analyst expectations of 32 cents. Shares jumped 7.7 percent in premarket trading.
A handful of companies reporting after the bell Thursday blew away analyst estimates. Amazon.com led the parade and its shares are up 17 percent in premarket trading.
American Express also exceeded expectations as did competitor Capital One Financial, whose shares rose nearly 8 percent premarket.

$INDU Trend

Today’s Trend: Upwards Consolidation
Resistance: 10186
Support: 9804

EURUSD Trade

Fibonacci
Price broke 100.0% level, retraced back and tested the 100.0% again.

Indicators
ADX: green above red, strength broke above 25.
RSI: hold above 60.
SMA: blue above red
Parabolic SAR: above price (divergence – one level of risk)

Candlesticks
2 Morning Stars – strong reversal pattern.

Other perspectives
Day candle: All indicators are in convergent.

Entry
2 lots long at 1.4832. First stop at 1.4762, target at 1.4895. When price hit 161.8% (1.4895) level, closed 1 lot with $620.00 profit. Raised the stop at 1.4878, target at 1.5025. However, price loses its momentum and second lot was stopped out at 1.4878 (pre-set stop) with profit of $460.00. A total of $1080 profit earned.

USDJPY Trade

Check out this graph! The Fib is so accurate! Amazing! The Fib was drawn on 21-Sep when the price was sitting on 61.8% level. I entered the trade when the price broke below 100% level. Stop was placed at the 0% level (which up to the limit that I can absorb if the trade went north). My exit point was at 161.8% (pre-set).

Check it out! Not only hit my profit target but further went straight to 261.8%. It was a good trade and more than 100 pips gain in total. This really make a killing.

However, the graph beside is my "paper account". It showed USD743.98 (standard account). Wow! Haha. For me, I did grab this good chance, but just placed one MINI lot in my real account, which only have about USD45 in profit. Still no bad.

Biggest Test Yet to Come for US Economy

Hi All,

Check out this news. Most investors worry about the major pullback in the market thus does not enter the market for the time being.

Biggest Test Yet to Come for US Economy

USDJPY In a Very Low Trend

UsdJpy formed was consolidating from 08-Sep to 10-Sep. Upon breaking out fromt the channel, the ADX broke above 25 (gaining sufficient strength for the bear), RSI hit below 40 (Bearish half). It headed towards the 1.618 level and broke through it. It was almost touching 2.618% (at 89.96). Now it's consolidating again. The bear is losing strength, RSI went into the grey area. Upon gaining sufficient strength for the bear again, it would head towards 2.618 level.