Links

http://www.zerohedge.com/article/sprott-wither-green-shoots

http://www.zerohedge.com/article/entire-market-rally-engineered-stock-volume-fumes

http://arxiv.org/PS_cache/arxiv/pdf/1006/1006.5490v1.pdf

http://www.zerohedge.com/article/weekly-chartology-14

The 'Burbs

Covered half - 1062

Chart tells me to take some profits... +44points.

Long ES 1018-1020

Bounce probable

Covered the other half

premature... probably - seems the Sept. futures are holding this spot - 1033.

total points - 95 or so !!!

Interesting Trendlines

'Possible' channel formation takes us into the mid to low 900's.

Covered half

1081 - 46 points profit.

Starting a short in the ES

1125.75

Looking at 1120 to 1122 for a short.

Long CAD

0.9380

*edit* - made some good trades here today - but the CAD is still weak - all these currencies seem oversold but the game is to play it tight.

Long AUD

0.8237

*edit* took some 0.8285 off to pay for the stop... trailing up the rest.

Long 1090

took some off at 1096 - pay for the stop.

*edit* stopped on this... made some good trades on this today... didn't expect the weakness but it looks like 1092 and 1117 are the 2 spots above. Down below is a crap-shoot - probably 1040 and then to 900/925 in the intermediate term.

J

Long ES 1106.5

Also long the Euro - 1.216

*edit* - covered the Euro +2 !

Covered ES 1120.

Covered most 1126 to 1128

+40.

Covering most right in front of the Sunday night open... saving a bit in case we repeat last Thurs.

Selling - 1139, 1145, 1155, 1163 as possible additions, but I doubt we get there.

J

So far so ... better.

I guess we have to see what the Euro does overnight... doesn't look pretty.

Short 1167

*edit* added overnight in the 1170's. Added more at 1167 and covered some at 1155 (S2). Will trade around my average price of 1167.

Black Thursday

May 6, 2010 S&P Call: Ben Lichtenstein www.TradersAudio.com/index.html from Frank1970 on Vimeo.

Long C

This is from Friday - $4.00 average price for a short term trade.

*edit* exit off the open - $4.35

Short 1137

Will add 1155 to 1160 with size.

*edit* filled 1155-->1160. Full position short in the low 50's. May trade around this to better my price. Stop on close>1177.