Snuck in a quick trade this morning. Things have been hectic with work and my parents visiting, but I did manage to get one in for the week.
Traded WFR for a quicky. It gapped lower so I was looking for signs of strength for a potential gap fil and found it after walking the dogs. All the stars were lined so I pulled the trigger at 17.43 and rode it up to 17.65 for a 22 cent gain... times X amount of shares of course.
Here's the setup... BTW, the stock has been hammered for the past week, so I didn't want to hold it even for a swing trade... As I'm writing it looks like it's gonna pop again...
Here's my contribution to the RTS part of the presentation (near the end). It was actually an emergency last minute request from the team so I was kinda stuck doing it. Hectic weeks leading to E3. Anyway, I'm glad the turnout was positive.
Closed UNG it at $15.72. Could've made more but don't wanna be greedy in a bear market. Still happy with the profit... I mean profit is profit.
It was looking like an inside day which usual means a reversal of the recent trend. Additionally, I have E3 in a bit so having this on my mind would get me too distracted. So, cash position for now.
If USO (crude) is any indication of the direction of the energy sector, then it seems that it has formed a short term top. I'm looking at a retracement or a gapfill of 36.4 eventually. So I'd stay away from oil until it retraces. It's likely to hit major resistance at the 39 level. So I guess selling UNG isn't a bad idea after all.
Bought UNG again B/E @ $14.83 Sold 1/2 at $15.97 for a %7.68 gain Will let the rest ride as long as support trendline from the 30min chart remains intact Stop set at $15.15, just below today's low
WFR has a sweet breakout. Will try to enter if pullsback, if not, will buy 1/2 position the next trading day ideal stop would be a bit below breakout point or low of the day... roughly $19.5
Had to close because it started to look really weak. In fact it started looking like a bear flag and gut tells me price wants to retest the breakout area of $16ish. Did make a tiny profit though... of course not enough to brag about.
- Closed @$1.10 - Opened @$0.9, which makes a profit of 22% - Will likely retest the breakout area of $16ish - EIA Natural Gas report coming tomorrow... anything can happen. Don't wanna chance it. - All in cash now. Will see how market reacts the next few days. - Market pretty extended.
- Opened position UNG June $18 Calls @ $0.9 - Will add if holds >$16. - Target or exit @ $18 or better...will see.
Mega volume possibly due to short covering or insitution buying. Nat Gas unsdustry been hammered for the longest time. Broke above channel with significant volume. I missed the first moves but entered at consolidation. Will see if bullflag formation manifests itself. If so, will add 2nd position.
After beating analyst estimates, ATVI raced to the next area of resistance at $12. Still have room for more, but it's a Friday and I don't feel like holding anything over the weekend. It will consolidate a bit before jumping higher. I'll wait and see if I get back in or not. Don't intend on chasing price. Here are the the trade details:
- Bought June $11 Calls @ $0.85 - Closed June $11 Calls @ $1.45 - Profit of 70.5% or $0.6 x Number of Contracts
- Bought some ATVI June 11 calls with a B/E @ 0.85. Small premium at risk... no worries. - Price stuck in up channel. - Money Flow still pointing up, Stochastics flat in the 75 area. Moving Averages flat or pointing up. - Earnings coming tomorrow aft close (ATVI has $WoW, $CoD, $Guitar Hero) May surprise
For the past two years or so, I've been pretty much obsessed with the equities market. Ever since it collapsed in late 2007, my 401K and IRA lost a portion of its value. I know I'm not alone, but I wanted to know the reasons behind it and how I can spot the signals before future market corrections.
With that in mind, I started to educate myself about the world of equities trading. I took baby steps at first and started with fundamental analysis, but that proved to be useless in a bear market govern by fear. With fundamentals, I can go on and on about what I think a stock price should be because of XYZ reasons, so in essence it's all based on past history and potential future forecast that can of course be manipulated. What I really needed was something more technical and visual, being an artist and all. So my path took me towards technical analysis. It is a study of price action among many other things which I don't have time to get into. All in all, EVERYTHING appears in the charts first. Even before the news. Anyway, back to the point of where we are...
Here's an analysis I did of the weekly chart of the SPY (S&P 500 ETF). I wanted to see what I would've done differently knowing what I know now. As I was drawing on top of it, I notice a lot of signals that should've made me pull out of my IRA and 401K. Live and learn. For now, I'm mostly in a cash position and I trade whenever can or when I spot an opportunity (pre-breakout) I simply can't resist. As for longer term investments, I wouldn't add anything to my retirement stuff until price breaks/holds above a flattened 200 day moving average (Blue line). As you can see we have ways to go.
This Movie's a must see! It's by far the most realistic Wing Chun movie ever... or even the most realistic Kung Fu movie for that matter. You won't find any flowery action or wire work. It's pure Wing Chun. However, aside from the few scenes that displayed chain punches, the actual combat was pure traditional Wing Chun and badass.
On a fairly quiet night, where there were little guests, my wife and I had to wait over 20 minutes for two crepes to go. The restaurant messed up several orders and didn't apologize for their delay. To think I even signed for a 20% tip before receiving the order. They are unorganized, had a chaotic workflow, and are pretentious. Additionally, they are overpriced especially when crepes take no time to make. It actually got me thinking about opening an authentic Quebec style joint next door. Hmm. And here's one last tip for y'all, DO NOT sign any credit card receipt until your order is ready. That's one mistake I'll never do again.
So... Do not go to: Cremerie Chocolat 509 5th Ave., San Diego, California 92101
Here'ssomething I did for a vehicle lesson demo. I didn't have time to add the hood scoop, spoilers, and other neat things to supe it up. But nonetheless, it was a fun little exercise. FYI, The design was inspired by the Ford Mustang.
Here are the links to my class blogs. The environment classes were taught with Brian on Mondays, and by myself on Thursdays. Granted, Kevin was always around to lend a hand.
The Concept Design Academy is starting its new 2008 fall term real soon! This time, I'll be teaching a vehicle and mech class that'll be focusing on functionality, design, and oodles of fun - hopefully continuing the great work of my predecessors Darren Quach and Carlo Arellano. Those guys are SICK!
Also, much PROPS goes to Brian Yam for being a great teaching buddy, to Kevin Chen for giving me this great opportunity, and Ben Zhu/Gallery Nucleus for letting us use his space and art books.
I've been featured in the latest Digital Art Masters. The book is filled with inspiring works from artists all over the world. It certainly gets me pumped, motivated, and inspired. Funny thing is, I signed a few books while I was at Siggraph '08. Hurray, I'm a superstar!... right.
I haven't seen the Hulk 2 yet, but I find the resemblance between Gen. Thaddeus Ross, played by William Hurt, and Scott Thompson from "The Kids in the Hall", to be hilariously funny. Maybe it's just me.
