Investing $15K to earn 3% per week

[PersistentTradr]

Results for week 21. Volatile week that ended in the black.

Call me stupid, but, I think a bottom is near--at least a retracement. ie with all the bad news and distribution that took place in the market this week, banking and the PHLX Housing Sector Index were positive today!!!!!!!

* Citigroup, AIG, and American Express were up today.
* KBW Bank Index was up
* S&P Bank Index up
* Amex Securities and Brokers Index up
* Nasdaq Financial 100 Index up
* PHLX HOUSING SECTOR INDEX UP .89% today!!!!

Don't know if this means a short term bottom is near, but, I thought it was interesting to see investors nibling at financial stocks today.

Also, my apologies for not responding to those of you who sent PMs to me this week. I will get to them over the weekend.

Hope everyone has a great weekend!

 

[PersistentTradr]

Hey folks,

no trades today. There is a nasty flu virus making its way through the family and it looks like my number is up. I'll post something when I'm feeling better and in a better position to trade.

 

[PersistentTradr]

No trading to report for weeks 22 and 23. I got over a nasty flu just in time for the Holidays.

I hope everyone's thanksgiving was pleasant.

 

[trading_fishes]

look who's back!
Great to see ya and looking forward to your fantastic trading results in the coming days.

 

[PersistentTradr]

Interesting day to say the least. I figured today would just be a lazy/post-holiday range day. I am long in my swing account from Friday's action and ended up short in my intraday account for this project.

:-O

Volume wasn't terribly exciting today; It looks like the market is trying to find a bottom; We'll see what happens tomorrow. I'll exit my swing long tomorrow if the market stays south during the pm.

Anyways...enough about swing trading!

* Price opened above the pivot and shot right through friday's high and R1.

* I did not see any confirmation on the A/D or A/D volume charts.

* The indexes and sectors I track were somewhat mixed. Although technology was interesting. Google and Apple looked to break out today. Apple ended up up for the day but Google went south.

* Price didn't follow through to the upside after the am surge.

Trade 1:
======
Went short on limit order when ADVLine broke out of it's range. Trend indicator was red; and fast EMA crossed under Slow EMA;

(1) +10
(1) +115

I get nervous about holding trades after 3:30pm so exited on the first sign of a retracement. I've seen a lot of violent reversals occur between 3:30pm and market close.

 

[Tradenaturalgas]

Hey Persistent,,,, Great thread and way to keep the updates.., ive recently opened my retail account again and it looks like we trade similar setups,, ill be watching,

- slaughtery

 

[PersistentTradr]

Hey folks,

A bit whippy today. Price opened below the Daily Pivot and raced up to test it. Price eventually made it past the Daily Pivot with some momentum and I went long with confluence on the AD and ADV charts. I got whip-sawed pretty hard on the 2nd trade after price broke through R1. After that I seemed to have lost my concentration thus I just sat on the sidelines protecting my +27 pts for the day

Trade 1 (+67):
======
(1) +10
(1) +57

Trade 2 (-40):
======
(1) -20
(1) -20

Net +27 for the day.

 

[PersistentTradr]

Mighty nice Bull Flag at the open! Fed VP gave a very dovish speech and that's all the market needed to start a short covering rally.

Economic data looked mixed IMO, but, I don't have a Ph.D. in Economics so I'll defer to the experts. ie I'm not sure the data was good enough to sustain a rally and reverse the trend on the daily chart. We'll just have to wait and see to find out if this is a trend reversal or just a retracement of the current down trend.

Trade 1:

(1) +10
(1) +195

 

[illinimatt81]

Quote from PersistentTradr:

Mighty nice Bull Flag at the open! Fed VP gave a very dovish speech and that's all the market needed to start a short covering rally.

Trade 1:

(1) +10
(1) +195

Can't beat a day like this! Nice work.

 

[trading_fishes]

Quote from PersistentTradr:

Mighty nice Bull Flag at the open! Fed VP gave a very dovish speech and that's all the market needed to start a short covering rally.

Economic data looked mixed IMO, but, I don't have a Ph.D. in Economics so I'll defer to the experts. ie I'm not sure the data was good enough to sustain a rally and reverse the trend on the daily chart. We'll just have to wait and see to find out if this is a trend reversal or just a retracement of the current down trend.

Trade 1:

(1) +10
(1) +195

Should cover the missing weeks in terms of percentagee