Tu 6-30-09

Half year and Q2 ending.

Dow	8,447.00	-82.38 (-0.97%)
S&P 500	919.32	-7.91 (-0.85%)
Nasdaq	1,835.04	-9.02 (-0.49%)

PCX

Purchase PCX@6.19 stop 5.8 Target 8.14 -0.39 vs 1.95 500% -6%vs32%

-up from 5 to 6 with big volume in early May.
-down from 10 to 6 with reduced volume.
- $5.87 is 38.2%.
- High 10.9 and low 2.76

Mon 6/28/09

Dow	8,529.38	+90.99 (1.08%)
S&P 500	927.23	+8.33 (0.91%)
Nasdaq	1,844.06	+5.84 (0.32%)

Index up about 1%, Nasdaq only about 0.3%. All up are done around 10:00 to 11:00. Basically market waiting July for actual moving. July should be down.
SPX 930 should be resistance.
Build August or Sept SPY 90, QQQQ 35 put. No more July put.

24条永恒的规则 --江恩

1. 要使用的资本量.将你的资本分成10等分,而且永不在一次交易中拿超过10分之1的资本去冒险.
2. 用止损单.永远用离你成交价3-5点处的止损单保护交易.
3. 永不过度交易.这会违反你的资本规则.
4. 永不让赢利变成损失.一旦你获得了3点或更多的利润,提高你的止损单.
5. 不要逆势而为.如果你根据走势图无法确定趋势,就永不买卖.
6. 拿不准的时候就退出,而且不要在拿不准的时候入市.
7. 只在活跃的股票中交易.
8. 均摊风险.如果可能的话,交易4-5中股票.
9. 用市价委托.
10. 没有好的理由就不要平仓.
11. 累积盈余,以备在紧急情况下使用.
12. 永不仅为了一次分红而买进股票.
13. 永不因为失去耐心而出市,也不因急不可耐而入市.
14. 永不均分损失.
15. 避免赢小利而亏大钱.
16. 永不撤消你在交易时已经设置的止损单.
17. 避免出入市过于频繁.
18. 象你愿意买那样愿意放空.
19. 永不仅因为股价低而买入.
20. 小心在错误的时候加码.
21. 挑选小盘股做多,挑选大盘股放空.
22. 永不对冲.
23. 没有好的理由,永不在市场中改变你的立场.
24. 避免在长期的成功后增加交易.

当你决定进行一笔交易的时候，得确信没有违反这24条规则中的任何一条，这些规则对于你的成功来说至关重要。当你割肉时，就仔细检查这些规则，并看看你违反了哪一条；然后不要第二次犯同样的错误。经验和研究会使你相信这些规则的价值，而观察和学习将把你引向一种在华尔街成功的正确且实用的理论。

FRI 6-26-09

Friday is boring in the market.

Dow	8,438.39	-34.01 (-0.40%)
S&P 500	918.90	-1.36 (-0.15%)
Nasdaq	1,838.22	+8.68 (0.47%)

Nasdaq is very strong recently. Either other indexes catch it or it will drop.

6-25-09 Palm

Jump more than 13% after market. Hope Pre will save Palm.
If break 15, next will be $17.5

Thur 6-25-09

Dow 8,472.40 +172.54 (2.08%)
S&P 500 920.27 +19.33 (2.15%)
Nasdaq 1,829.54 +37.20 (2.08%)
10y bond 3.68% +0.05 (1.38%)

The day after Fed meeting. All index up about 2%. next week may have half year window dressing. May build Aug, Sep put spread in that period.

QQQQ may reach 37 and SPY may 94.

Major blue not move a lot, but small cap up a lot.
Reduce 401K and will continue in next week. Until reach 10%

Thur 6-25-09

The day after Fed meeting. All index up about 2%. next week may have half year window dressing. May build Aug, Sep put spread in that period.

QQQQ may reach 37 and SPY may 94.

Wed 6-24-09

Dow	8,299.86	-23.05 (-0.28%)
S&P 500	900.94	+5.84 (0.65%)
Nasdaq	1,792.34	+27.42 (1.55%)
10y bond	3.70%	+0.06 (1.65%)

Today there is Fed meeting. Estimate no change in Interest Rate, may have some comments on Econ. Basically said, econ not tank and pick up slowly. Market should not have a big reaction.

update: 4:00 p.m. No big surprise. Fed meeting impact became less important.
Today new home number not good. Down rather than up as expect.
Oracle post down revenue, but margin meet wall street. Stock up 7%.
Gordon expect big drop in mid July.

Will build put spread for Aug, Sept, Dec.

Tuesday 6-23-09

All index no big changes.

Option June 09

OE day, all major indexes and stocks up a lot.
But next Monday, all sell off. Big sell off.

Monday 6/22/09 Market

Gap down.
This week should be down.
Not sure half year window dressing and pre holiday run.

Dow	8,339.01	-200.72 (-2.35%)
S&P 500	893.04	-28.19 (-3.06%)
Nasdaq	1,766.19	-61.28 (-3.35%)
10y bond	3.68%	-0.04 (-1.08%)

SP will test 850-860 areas soon