Thursday, October 1, 2009

Down in mixed volume - s&p 2.6% down/ nasdaq - 3% down

IBD: Uptrend under pressure (finally)
Again this is not prediction. It is the condition
190 of 197 industries fell today.

Today's action from me:
  • I cancelled my earlier Spread order.
  • My earlier limit order GE for $16.10 triggered.
This evening I placed the following limit orders
  • Had to modify LVS covered call - OCT 18 CALL for $1
  • Also placed covered call GE OCT 17 for 0.40
  • buy to open on NVDA NOV 14 call for 0.80
Obviously the sentiment is not looking good. Unless tomorrow's jobs number come around expected which is 180K, we will see one more down day with high % loss.

If we get 250K loss OR/AND 10% unemployment rate, then there WILL be BLOOD on the street(wall).

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