Tuesday, December 23, 2008

Attraction Points(Apoints)


Today, should not break ysterdays low, at least not on a closing bases. The market then has a nice chance of going higher.

29.09 28.99 28.83 28.62 qqqq
29.52 29.63 29.79 30.00

89.742 89.532 89.190 88.768 jpy
90.628 90.838 91.178 91.603

871 869 865 861 spx
880 882 885 889

866.63 864.38 860.72 856.19 es
876.12 878.37 882.02 886.56

1.081 1.079 1.076 1.073 chf
1.088 1.090 1.093 1.096
Dear Karen, One our, very nice subscribers send us this.
"
Boris I was in SDS this am to find out I was down 12plus points. My broker explained I will be getting that money back on Dec 30th. Of course taxes will have to be paid on it. Better than waking up thinking all that money was lost. Evidently people were freaking out and calling like crazy."
Great info!
I would like to add here , that in a none tax advantaged account this would create capital gains event as the distribution proceeds are viewed as capital gains in this case.
Thanks Dear Karen,

34 comments:

אנטי-סופיטליסט said...

I am out of this market, I do not trust it, I made enough to take my wife out to dinner, just way to much manipulation going on so will stand a side for a while. will wait for the next sell signal. thanks for all you do Boris. waldo.

boris said...

Dear Waldo,
Of course, that is a personal decision.

I can not blame you not have "stomach" in this holiday season to stick with a position and that much manipulation.

Good Trading Dear Waldo

אנטי-סופיטליסט said...

What makes me say that Boris that there are other signals that I look at, the vix being one and it has fallen off a cliff and the market has not moved up much at all since the vix broke it's trend line to the downside and another is the RSI indicator, it is not moving up at all and another there is way to much bullishness out there right now so with all the conflicting indicators I feel more comfortable being on the side lines right now. waldo.

lagscrew said...

Boris

do you have any idea why qid srs twm have dropped so big? dividend?

I see one was paid the end of Sept

boris said...

Dear DUG
Exactly
DIstributions

GOod Trading Dear Dug

אנטי-סופיטליסט said...

Lag, some etf's did announce dividends yesterday so that might be the reason. waldo

John said...

Lagscrew,

Dividends- I have some DVY for a core holding and it took a hit because of dividends.
google ishares and go to site and they will give dividend dates.

old john

boris said...

Dear Waldo,
I appreciate that view and at certain prices, I am willing to side with that view.

But until that price is not reached , I give the benefit of the doubt to the upside.

GOod Trading

boris said...

As es mini goes above 876.75, we toss in another 5% purchase
We will discuss stop placement after that

Good Trading

boris said...

Mental only stops 869
GOod Trading
Please note , mental only stops

Vin said...

Happy holidays, everyone!

Boris,

An interesting thing is today's 4th IHAP on SPX/ES (~882). That level was very important all throughout 2002-2003 during the last crash and even on the daily for this crash. It must be like the 820 level in terms of long-term support/resistance.

boris said...

Dear Vin,
This is true,
Certain numbers are there forever for support and resistance, it seems
That is how importnat those levels are.

GOod Trading Dear VIN

boris said...

Remove any stops at this point and mentally only reinstate them at 849.75
Good Trading

xerxes said...

Good afernoon/evening Boris...

Looks like we got a nice bearish engulfer on the gold daily just now.

Euro to follow soon?
Only you would know that :-)

xerxes

boris said...

We will place a mental stop just below the 852.50

Good Trading
MENTAL ONLY STOPS please

boris said...

Dear Xerxes,
Entire world knows that...

In March/May EUTRO will be lower than here.

Today Tomoorrow, even I do not know, but chances are that is what will happen.

Good Trading

boris said...

THis hour must prove to be strong
Or, We will terminate the position

boris said...

Dear Reader,
Subscriber,
I must attend private meeting, whcih could take me entire trading session.
Speak to yo usoon.
Please keep the stop where we said and that is it.
I will try to be in touch if I can.
Sorry, must leave now

Good Trading

John said...

Boris,

Got it- thanx

Great day in chicago again- up to 21 degrees but with the warm up comes another 4-6 inches of snow.

Waldo,

we have a good deal of snow on the ground now.

old john

אנטי-סופיטליסט said...

Just a trace here john and that will be gone by tonight. Bet you can't wait to get to az. waldo.

John said...

Waldo,

If I can get out here, have the POD coming next tuesday- going to have a problem putting in driveway as there is snow piled up all over the place. No place to put it.


old john

אנטי-סופיטליסט said...

Like you always say john, another bus is right around the corner, you will figure it out I'm sure you have been in tight situations before.. Did you notice the volume on the q's. waldo

אנטי-סופיטליסט said...

I'm cleaning the house today getting ready for christmas. waldo.

John said...

Waldo,

Nothing that can not be overcome, just a pain. Holiday week, am long from 870 area, we will see. Thinking about oil, all I see and read is that oil is going down,down. Just like when it was going to 300 a barrel. May buy some DIG

old john

אנטי-סופיטליסט said...

The market is going to go one way or the other, the bollinger bands are only 3 points apart on a 5 minute chart. which way is the next question. waldo

John said...

Waldo,

I am no Boris, for my sake, I hope it breaks up. Just like yesterday, a tight pattern and then it breaks.

old john

אנטי-סופיטליסט said...

John, a pure oil play is uso or dxo, the dxo is double to oil. I am watching dxo for a trade. tried to buy at 2.00 but order didn't go thru. waldo

John said...

Waldo,

I see we were looking at the same things,


old john

אנטי-סופיטליסט said...

A madoff hedge fund investor was found dead in his new york office this morning. They think it was suicide, shades of the depression has started. waldo.

John said...

Waldo,

If he was involved than he did the right thing. Suicide is not a pleasant sight but like I said, if he was involved. If he was not, then is is a shame.

old john

lagscrew said...

I bought some USO this am. for the same reasons--sort of by accident but felt it was OK anyway

Vin said...

All,

Would Boris' prediction about the dollar cycle not keep crude prices depressed longer than one might expect? I suppose that accumulation is always a possibility, however.

From a supply-demand point of view, contango might end up playing games with our heads, as there could be unnatural supply thrown at the market at arbitrary points in time.

boris said...

Ok, Sorry being away, looked like market can make it back afternoon decline, but it was not to happen. It went down again.
I do not think that the market has broken down, but if we open gap down tomorrow, that may not be the best thing in the world.

If there is a lot money involved, one can protect it via futures, if much less than that is involved then it is not too bad, but it can not be protected until early premarket or after market open.

One thing is clear, after the BUY signlas get generated, if the market wants it can have the worst action right after those signls.

So, we would need to be on the lookout here
The analag pattern is not atll yet negated and it still has a good chance to play out.

Good Trading

boris said...

The other side of the equation, though is that, if we are in the nice yielding securities, such as LQD, GIM , ERF, BGR, etc. one can wait out the strorm , even if the market declines. And in those situations one requires less/or no protection.

So, my purchases, are not the market purchases as everybody knows. They are the purchases of securities I listed in my emails to subscribers.

THey require less protection and they are btinging income.
That is why THey do not require the same level of protection if one was invested in index.

Good Trading