March 25th - Stock Market Review

Current Portfolio 101,402$ + 20,000$ unrealize gains

Open Position - See for detail

I have only 20,000$ gains due to the fact that a week ago i purchased SDS to protect the gains...i was realy early.

After a rally of more then 20% i think we should get a pull back . If the QQQQ rally to 31.5 it will be a good short place.

The VIX still didn't break the 40 level , breaking this level and probably we will see a much bigger rally and a real change in the market.

March 21st - Weekend Market Review

Peter Schiff is one of the few that forecast this crisis.







All the currencies are in a down trend against the US Dollar . The 200MA is still declining , no sign yet for a long trade against the US Dollar . The currencies that Peter Schiff talk about , the Australian Dollar the Euro and the Pound , are still in a down trend despite the last rally.
We can see that they start to build a base , but not for a solid long trade for years.
The only one that is in a up trend is the Gold , a long trade will be above GLD 100 and a short trade can be taken under 85-86.

March 20th - Stock Market Review

Current Portfolio -101,402$ and 16,000$ urealize gains

Open Position - See For Detail

The market have today his pull back, a normal pull back will be QQQQ until 28-27.5

and SPY 74-72.5 . breaking this level an we are going to test the lows or even make new lows.

The next stock that was bought on March 6th is BAC 400 3.29

March 19th - Stock Market Review

Current Portfolio - 101,402$ + 18,000$ unrealize gains
Open Position - See for Detail

The market rally realy nicely ....i didn't believe that we will rally so fast and so high on light volume but only price pay. Even so the volume yesterday was higher then usual.
I still think that the market should pull back after a rally like that. let see


The next Stock that was bought on March 6th is AXP 100 10.25$

March 18th - Stock Market Review

Current Portfolio - 101,402$ + 15,000$ unrealize gains
Open Position - See for detail

The market rally very nicely and is at important resistance levels QQQQ 29.3-6 and SPY 78 .I still believe that we are rally on fumes. but let see

The next stock that was bought on March 6th is AM 300 3.39

March 17th - Stock Market Review

Current Portfolio - 101,402$ and 17,000$ unrealize gains

Open Position - See for Detail

As i said yesterday the most impotant levels are QQQQ 28 and SPY 74 . If we break this levels then probably we are going to check the lows or even make new lows. let see

The next stock that was bought on March 6th ALU 1000 1.16

March 16th - Stock Market Review

Current Portfolio - 101,402$ and 15,000 unrealize gains.

Open Position - See for Detail

I don't have any more gains due to fact that i bought too early the SDS. The market pass the resistance leves QQQQ 28 and SPY 74-75. If the market break down the 28 level we will have a probably a serios sell off . I think the market rally on fuel fumes, but let see...

The next stock that was bought on March 6th is AKS 400 6.35

March 13th - Stock Market Review

Current Portfolio - 101,402$ and 16,000$ urealize gains

Open Position - See for detail

Due to the fact that i have SDS to protect my gains i didnt have any profit from yesterday rally.

The next stock that i bought at march 6th is AINV 300 2.90$

March 12th - Stock Market Review

Current Portfolio - 101,402$ and 16,000$ unrealize gains
Open Positio - See for detail

The SPY and the QQQQ checked the 74 and the 28 levels , i have almost 16,000$ unrealize gains so i bought some SDS to protect those gains. We can get here a pullback to the 70 level in the SPY , if we break this level, we can get a new low and even a serios sell panic ,and that will be a complete give up.

The next stock that i will show today from the more then 80 skocks that was bought at march 6th is AIG 3000 0.34$

March 11th - Stock Market Review

Current Portfolio -101,402$
Open position - See for detail.

Yesterday we had a very nice rally, a real long in the SPY will be above 74 and for the QQQQ is 28. As i said nobody knows if we saw THE bottom but we are in a very oversold condition so we should have a nice bounce from this lows.
The next stock that i will show today, and was bought on the march 6th is ACAS 1000 0.75$

March 10th - Stock Market Review

Current Portfolio - 101,402$
Open Position -

As i said on friday i strated to buy stocks for long position . I bought more then 80 stocks, i don't know if it was THE bottom or what we have today is only a bounce ..let see.

The next stock i will show today is ABK 2000 0.38$

March 9th - Stock Market Review

Current Portfolio - 101,402$
Open Position -See for detail

I strated on friday to buy stocks for long positions . I think that the market should bounce from here,we are in a very oversold condition. I don't know if we saw the bottom but a bounce should come.
First stock that i bought on friday was AA 400 at 5.43

March 6th - Update

Did we see the bottom ? nobody knows.. but the action today was realy good.
They close positive on a friday, after a serios drop in the market, there was real fear and blood . I strated today to buy stocks from my watch list , i was too early so i am in a losing position.
Due to the fact that the list have more then 80 stocks i will show one stock at a time.
Have a great weekend.

March 6th - Update

The market look like is going to gap higher . i will look for sign let see if we get it...
The dow jones drop from the beginning of the year from 90 to 66... and now is at the low trend line .Can we get here a bounce ?

March 6th - Stock Market Review

Current Portfolio -101,402$
Open Position -

There is fear and blood in the market, this is the time for a change .... i will look for a turn around.
I hope the market will gap down and then will start to rally. If the market gap up i will look for any weakness as buy opportunity. let see..

March 5th - Final knockout ?

The QQQQ is 3% down and the SPY 4.2% down ....

March 5th - Stock Market Review

Current Portfolio - 101,402$
Open Position -

The oil made a higher low and that is good, but a real long can be taken above 28.
The QQQQ and the SPY had a nice rally yesterday, but a real long can be taken, at the QQQQ above 28 and at the SPY above 74.
We will look for a pullback and making a higher low in the SPY or maybe a positive divergence in the MACD. We have a lot of stocks that are on our wach list with a tremendous potential .
We will wait for a buy signal from the indexes to start and buy stocks.

March 4th - Update

If we take a closer look at the VIX , even that the market drop and break the NOV 2002 lows, we didn't see panic and fear comparing to NOV 2008 lows and that is good.
Due to the fact that a lot of the market participants are gone, lost there money or doesn't trade any more, there is less fear in the market, nobady cares any more . It will be easier for a substantial rally to develop.
The VIX is now at 50 comparing to almost 90 in NOV 2008.
Breaking the 40 level, and we get a substantial rally.

March 4th - Stock Market Review

Current Portfoilio - 101,402$
Open Position -

We didn't see yet the last knockout that will bring us a serios rally. All the indexs are still in a down trend.The oil look like is going to have a rally a stop should be under 24.

March 3rd - Update

Out of QLD with a very smal profit 430$

March 3rd - Update

The QQQQ is at the 26.90 resistance level , breaking this level and we can see much higher levels, maybe 27.6 , but when the 200MA is still declaining the trend is still lower. I am still long QLD 3000 shares.
What is encouraging is the higher low.

March 3rd - Update

Bought some QLD 3000 at 21.05 stop 20.7

March 3rd - Stock Market Review

Current Portfolio - 100,972$
Open Position -


Yesterday was probably the beginning of the capitulation stage, the problem is that the volume wasn't so high . A bottom is made with a big selling panic and a high volume.
In the Dow jones a possible bottom can be the 6600-6500 level at the low trend line.
The Oil was 10% down, and is now at the support level 24 .
For now there isn't any sign of a change in the market.

March 2nd - Capitulation Stage ??

Is the the capitulation stage begin ? We break the 74 level ...

March 2nd - Warren Buffett

Warren Buffett shareholder letter .

http://www.berkshirehathaway.com/letters/2008ltr.pdf