In this week, I tested out the income trust sector against my trading theories/system, and found out that it does not work very well due to the nature of the income trust that tend to lag the market a little bit. Well, here is the update for the week.
Positions From last week,
None
Transactions this week,
Davis & Henderson Income Fund, DHF.UN
Feb 2, Buy, 500 shares @ $15.12 + $9.95 commission
Total Cost: $7569.95
Fort Chicago Energy Partners, FCE.UN
Feb 4, Buy, 800 shares @ $7.45 + $9.95 commission
Total Cost: $5969.95
Feb 5, Sell, 800 shares @ $7.50 - $9.95 commission
Total Cost: $5,990.05
Realized Loss: $5990.05 - $5969.95 = $20.10 (0.34%)
Loblaw, L
Feb 6, Buy, 190 shares @ $33.98 + $9.95 commission
Total Cost: $6,466.15
Feb 6, Sell, 190 shares @ $32.50 - $9.95 commission
Total Cost: $6,165.05
Realized Loss: $6165.05 - $6466.15 = -$301.10 (-4.66%)
Trading Gain/Loss from this week: -$281.00
Year-to-date Trading Profit: $2726.00
Showing posts with label Trading. Show all posts
Showing posts with label Trading. Show all posts
February 09, 2009
January 30, 2009
Weekly Trading Update - January 30, 2009
I took advantage of the market oversold condition in this week, and made $820.10 (6.83%) from one buy-sell transaction of RY. This is really nice addition towards my alternative income goal. Now, I am about $2000 short to make it to my trading income of $5000 for 2009.
Positions From last week,
None
Transactions this week,
Royal Bank of Canada, RY
Jan 27, Buy, 400 shares @ $30.00 + $9.95 commission
Total Cost: $12009.95
Jan 28, Sell, 400 shares @ $32.10 - $9.95 commission
Total Cost: $12891.95
Realized Gain: $12830.05 - $12009.95 = 820.10 (6.83%)
Trading Gain/Loss from this week: 820.10
Year-to-date Trading Profit: $3007.00
Positions From last week,
None
Transactions this week,
Royal Bank of Canada, RY
Jan 27, Buy, 400 shares @ $30.00 + $9.95 commission
Total Cost: $12009.95
Jan 28, Sell, 400 shares @ $32.10 - $9.95 commission
Total Cost: $12891.95
Realized Gain: $12830.05 - $12009.95 = 820.10 (6.83%)
Trading Gain/Loss from this week: 820.10
Year-to-date Trading Profit: $3007.00
January 23, 2009
Weekly Trading Update - January 23, 2009
I had a few really bad executions on trading up the HSU in this week, mainly because I lost my confidence in my own technical analysis after disturbing economy news one after one. As an amateur trader, I need to learn about how to stick with my own game plan but not the hypes flying around on the Internet.
Positions From last week,
Horizons BetaPro US Bond Bear+ ETF: 100 shares: total cost of $1,333.95
Horizons BetaPro S&P 500 Bull+ ETF: 2000 shares: total cost of $12949.95
Transactions this week,
Horizons BetaPro US Bond Bear+ ETF
Jan 19, sell, 100 shares @13.60 - 9.95 commission
Total Cost: 1333.95
Realized Gain: 1350.05 - 1333.95 = 16.1 (1.21%)
Horizons BetaPro S&P 500 Bull+ ETF
Jan 20, sell, 2000 shares @ $6.32 - $9.95 commission
Total Cost: $12949.95
Realized Loss: $12632.05 - $12949.95 = -$317.9 (-2.45%)
Jan 21, Buy, 2000 shares @ $5.96 + $9.95 commission
Total Cost: $11929.95
Jan 21, Sell, 2000 shares @ $5.71 - $9.95 commission
Total Cost: $11929.95
Realized Loss: $11410.05 - $11929.95 = -$519.9 (-4.36%)
Jan 21, Buy, 2000 shares @ $6.10 + $9.95 commission
Total Cost: $12209.95
Jan 21, Sell, 2000 shares @ $6.02 - $9.95 commission
Total Cost: $12209.95
Realized Loss: $12030.05 - $12209.95 = -$179.9 (-1.47%)
Horizons BetaPro S&P 500 Bear+ ETF
Jan 20, Buy, 380 shares @ $33.90 + $9.95 commission
Total Cost: $12891.95
Jan 20, Sell, 380 shares @ $34.90 - $9.95 commission
Total Cost: $12891.95
Realized Gain: $13252.05 - $12891.95 = 360.1 (2.80%)
Jan 22, Buy, 300 shares @ $34.66 + $9.95 commission
Total Cost: $10407.95
Jan 23, Sell, 380 shares @ $34.90 - $9.95 commission
Total Cost: $10407.95
Realized Gain: $10670.05 - $10407.95 = 262.10 (2.52%)
Trading Gain/Loss from this week: -$379.4
Year-to-date Trading Profit: $2186.90
Positions From last week,
Horizons BetaPro US Bond Bear+ ETF: 100 shares: total cost of $1,333.95
Horizons BetaPro S&P 500 Bull+ ETF: 2000 shares: total cost of $12949.95
Transactions this week,
Horizons BetaPro US Bond Bear+ ETF
Jan 19, sell, 100 shares @13.60 - 9.95 commission
Total Cost: 1333.95
Realized Gain: 1350.05 - 1333.95 = 16.1 (1.21%)
Horizons BetaPro S&P 500 Bull+ ETF
Jan 20, sell, 2000 shares @ $6.32 - $9.95 commission
Total Cost: $12949.95
Realized Loss: $12632.05 - $12949.95 = -$317.9 (-2.45%)
Jan 21, Buy, 2000 shares @ $5.96 + $9.95 commission
Total Cost: $11929.95
Jan 21, Sell, 2000 shares @ $5.71 - $9.95 commission
Total Cost: $11929.95
Realized Loss: $11410.05 - $11929.95 = -$519.9 (-4.36%)
Jan 21, Buy, 2000 shares @ $6.10 + $9.95 commission
Total Cost: $12209.95
Jan 21, Sell, 2000 shares @ $6.02 - $9.95 commission
Total Cost: $12209.95
Realized Loss: $12030.05 - $12209.95 = -$179.9 (-1.47%)
Horizons BetaPro S&P 500 Bear+ ETF
Jan 20, Buy, 380 shares @ $33.90 + $9.95 commission
Total Cost: $12891.95
Jan 20, Sell, 380 shares @ $34.90 - $9.95 commission
Total Cost: $12891.95
Realized Gain: $13252.05 - $12891.95 = 360.1 (2.80%)
Jan 22, Buy, 300 shares @ $34.66 + $9.95 commission
Total Cost: $10407.95
Jan 23, Sell, 380 shares @ $34.90 - $9.95 commission
Total Cost: $10407.95
Realized Gain: $10670.05 - $10407.95 = 262.10 (2.52%)
Trading Gain/Loss from this week: -$379.4
Year-to-date Trading Profit: $2186.90
S&P 500 Inside Day Pattern Trading
In the last two days, S&P 500 index formed two inside days formation that occurs when the entire daily price range for a given security falls within the price range of the previous day. This term often refers to all versions of the harami pattern and can be very useful for spotting changes in the direction of a trend. An inside day is often used to signal indecision because neither the bulls nor the bears are able to send the price beyond the range of the previous day.
Should today's S&P Index drop below Wednesday's low (804.47), we would see more downside drop on the index; If the index broke above Wednesday's high (849.94), that would typically mean a buy signal for a short-term trade.
Should today's S&P Index drop below Wednesday's low (804.47), we would see more downside drop on the index; If the index broke above Wednesday's high (849.94), that would typically mean a buy signal for a short-term trade.
January 18, 2009
Fibonacci Retracement on S&P 500
The Fibonacci retracement is very useful tool for stock traders to identify strategic places for transactions to be placed. Stocks will often pull back or retrace around a percentage of the previous move before reversing. Four levels of the Fibonacci retracements often occur, and they are usually at 23.6%, 38.2%, 50%, and 61.8%.
Let's first take a peek at the 2-year S&P 500 Chart below. From its high at 1576.09 points to the November low at 741.02 points,
1. The Fibonacci retracement of 23.6% is at 938.10 points
2. The Fibonacci retracement of 38.2% is at 1060.02 points
3. The Fibonacci retracement of 50% is at 1158.56 points
At 938.10 points or 23.6% retracement level, although the high on that day broke the level, S&P 500 closed below this level on January 6, 2009, and the short term bullish trend reversed.
At 1060.02 points or 38.2% retracement level, the S&P 500 failed to break through on Oct. 14, 2008, and the trend continued until it hit the low in November.
Let's then have a look at 3-month S&P 500 Chart below for the shorter term trends. From its November low at 741.02 points to the high on January 6 at 943.85 points,
1. The Fibonacci retracement of 38.2% is at 818.50 points
2. The Fibonacci retracement of 50% is at 842.44 points
3. The Fibonacci retracement of 61.8% is at 866.37 points
S&P 500 was not able to close below the 50% Fibonacci retracement level on the last two trading sessions. The Friday's close above might have confirmed the reversal of the down trend. Should it close below 50% retracement level, we would have to see the index re-test the 38.2% level where there were only 4 sessions closed below the level.
Generally speaking, the longer term retracement levels are more reliable compared to short term ones. Short-term Fibonacci retracement levels should be used with the oscillators and moving averages.
Let's first take a peek at the 2-year S&P 500 Chart below. From its high at 1576.09 points to the November low at 741.02 points,
1. The Fibonacci retracement of 23.6% is at 938.10 points
2. The Fibonacci retracement of 38.2% is at 1060.02 points
3. The Fibonacci retracement of 50% is at 1158.56 points
At 938.10 points or 23.6% retracement level, although the high on that day broke the level, S&P 500 closed below this level on January 6, 2009, and the short term bullish trend reversed.
At 1060.02 points or 38.2% retracement level, the S&P 500 failed to break through on Oct. 14, 2008, and the trend continued until it hit the low in November.
Let's then have a look at 3-month S&P 500 Chart below for the shorter term trends. From its November low at 741.02 points to the high on January 6 at 943.85 points,
1. The Fibonacci retracement of 38.2% is at 818.50 points
2. The Fibonacci retracement of 50% is at 842.44 points
3. The Fibonacci retracement of 61.8% is at 866.37 points
S&P 500 was not able to close below the 50% Fibonacci retracement level on the last two trading sessions. The Friday's close above might have confirmed the reversal of the down trend. Should it close below 50% retracement level, we would have to see the index re-test the 38.2% level where there were only 4 sessions closed below the level.
Generally speaking, the longer term retracement levels are more reliable compared to short term ones. Short-term Fibonacci retracement levels should be used with the oscillators and moving averages.
January 16, 2009
Weekly Trading Update - January 16, 2009
Positions From last week,
Horizons BetaPro US Bond Bear+ ETF: 100 shares: total cost of $1,333.95
Horizons BetaPro S&P 500 Bear+ ETF: 250 shares: total cost of $6994.95
Transactions this week,
Horizons BetaPro S&P 500 Bear+ ETF
Jan 13, sell, 250 shares @ $31.37 - $9.95 commission
Total Cost: $6994.95
Realized Gain/Loss: $7832.55 - $6994.95 = $837.6 (11.97%)
Jan 13, Buy, 400 shares @ $31.90 + $9.95 commission
Total Cost: $12769.95
Jan 15, Sell, 400 shares @ $34.88 - $9.95 commission
Total Cost: $13942.05
Realized Gain/Loss: $13942.05 - $12769.95 = $1172.1 (9.1%)
Jan 16, Buy, 300 shares @ $33.66 + $9.95 commission
Total Cost: $10107.95
Jan 16, Sell, 300 shares @ $33.94 - $9.95 commission
Total Cost: $10172.05
Realized Gain/Loss: $10172.05 - $10107.95 = $64.1 (0.63%)
Horizons BetaPro S&P 500 Bull+ ETF
Jan 16, Buy, 2000 shares @ $6.47 + $9.95 commission
Total Cost: $12949.95
Market Value: $6.45 x 2000 = $12900
Unrealized Gain/Loss: -$49.95 (-0.39%)
Trading Gain/Loss from this week: $2073.8
Year-to-date Trading Profit: $2566.3
Horizons BetaPro US Bond Bear+ ETF: 100 shares: total cost of $1,333.95
Horizons BetaPro S&P 500 Bear+ ETF: 250 shares: total cost of $6994.95
Transactions this week,
Horizons BetaPro S&P 500 Bear+ ETF
Jan 13, sell, 250 shares @ $31.37 - $9.95 commission
Total Cost: $6994.95
Realized Gain/Loss: $7832.55 - $6994.95 = $837.6 (11.97%)
Jan 13, Buy, 400 shares @ $31.90 + $9.95 commission
Total Cost: $12769.95
Jan 15, Sell, 400 shares @ $34.88 - $9.95 commission
Total Cost: $13942.05
Realized Gain/Loss: $13942.05 - $12769.95 = $1172.1 (9.1%)
Jan 16, Buy, 300 shares @ $33.66 + $9.95 commission
Total Cost: $10107.95
Jan 16, Sell, 300 shares @ $33.94 - $9.95 commission
Total Cost: $10172.05
Realized Gain/Loss: $10172.05 - $10107.95 = $64.1 (0.63%)
Horizons BetaPro S&P 500 Bull+ ETF
Jan 16, Buy, 2000 shares @ $6.47 + $9.95 commission
Total Cost: $12949.95
Market Value: $6.45 x 2000 = $12900
Unrealized Gain/Loss: -$49.95 (-0.39%)
Trading Gain/Loss from this week: $2073.8
Year-to-date Trading Profit: $2566.3
January 10, 2009
Weekly Trading Update - January 9, 2009
Horizons BetaPro US Bond Bear+ ETF
Jan 5, Buy, 100 shares @ $13.24 + $9.95 commission
Total Cost: $1,333.95
Market Value: $13.60 x 100 = $1,360.00
Unrealized Gain(Loss): $26.05 (1.95%)
Horizons BetaPro S&P 500 Bear+ ETF
Jan 6, Buy, 500 shares @ $27.94 + $9.95 commission
Total Cost: $13979.95
Jan 9, Sell, 250 shares @ $29.95 + $9.95 commission
Total Cost: $6994.95
Realized Gain(Loss): 7487.5 - $6994.95 = $492.55 (7.04%)
Jan 9, Consolidation
Total Cost: $6994.95
Market Value: $30.28 x 250 = $7570.00
Unrealized Gain(Loss): 575.05 (8.22%)
Year-to-date Trading Profit: $492.5
Jan 5, Buy, 100 shares @ $13.24 + $9.95 commission
Total Cost: $1,333.95
Market Value: $13.60 x 100 = $1,360.00
Unrealized Gain(Loss): $26.05 (1.95%)
Horizons BetaPro S&P 500 Bear+ ETF
Jan 6, Buy, 500 shares @ $27.94 + $9.95 commission
Total Cost: $13979.95
Jan 9, Sell, 250 shares @ $29.95 + $9.95 commission
Total Cost: $6994.95
Realized Gain(Loss): 7487.5 - $6994.95 = $492.55 (7.04%)
Jan 9, Consolidation
Total Cost: $6994.95
Market Value: $30.28 x 250 = $7570.00
Unrealized Gain(Loss): 575.05 (8.22%)
Year-to-date Trading Profit: $492.5
December 03, 2008
Technical Analysis on S&P 500 Index
Stocks rallied for the seventh time in eight trading days today, with the S&P higher by 2.6% to 871. Of course, there was one huge down day on Monday, but despite Monday's huge hit, the short-term outlook is still pretty strong.
The following is a 6-month daily chart of S&P 500. We have got a Positive Divergence from MACD for the period from the end of October to end of November. As a side note for the term extracted from StockCharts.com "A Positive Divergence occurs When MACD begins to advance and the security is still in a downtrend and makes a lower reaction low. MACD can either form as a series of higher Lows or a second Low that is higher than the previous Low. Positive Divergences are probably the least common of the three signals, but are usually the most reliable, and lead to the biggest moves."
In addition, in the last two days, it forms a nice Bullish Harami pattern. With today's close, it formed a nicer Bullish Three Inside Up pattern which is the confirmation signle of Bullish Harami formation.
However, we are still not totally out of woods yet, as today's close is still lower than Monday's high. Let's see how it develops in the next few days.
The following is a 6-month daily chart of S&P 500. We have got a Positive Divergence from MACD for the period from the end of October to end of November. As a side note for the term extracted from StockCharts.com "A Positive Divergence occurs When MACD begins to advance and the security is still in a downtrend and makes a lower reaction low. MACD can either form as a series of higher Lows or a second Low that is higher than the previous Low. Positive Divergences are probably the least common of the three signals, but are usually the most reliable, and lead to the biggest moves."
In addition, in the last two days, it forms a nice Bullish Harami pattern. With today's close, it formed a nicer Bullish Three Inside Up pattern which is the confirmation signle of Bullish Harami formation.
However, we are still not totally out of woods yet, as today's close is still lower than Monday's high. Let's see how it develops in the next few days.
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