Wednesday, January 12, 2011

Yesterday´s Trades: $SPY $DE $BIDU


-I entered the day short $SPY. There was a bizarre downdraft at 13:09 that gave me a chance to cover, but I thought it signified more weakness to come and did not. Still in the position and not looking to good this morning with futures up.



-DE opened with a break out. I traded it as shown in the chart above. Basic premise was that a significant breakout would not occur.



-BIDU had a weird drop which called my attention. This was well before the 13:09 general market drop.
-I covered when it started behaving relatively strong in relation to the market. My thesis was that something was up when the drop occurred....but if this was so it would have dropped much more significantly when the market kind of collapsed later. My reason for the trade was invalidated and thus I covered.