DasBrain

Very difficult to tell, if markets is going higher from here. On daily charts it looks like it, but we will see...it may take another few days. Freakin' markets..."You never can be sure"

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brownStone

@DasBrain I am just getting back into options but have not cus of the currency exchange. Do you have a US currency account? Or do you just go by the days currency exchange rate? Thanks

DasBrain
1
DasBrain Jan 13, 16 11:19 AM

I'm Canadian, so everyghing in CAD, converted over when trade is open. Good luck with your options trading.

DasBrain
DasBrain Jan 16, 16 1:15 PM

Yes, i like the Diamonds (DIA)

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DasBrain

U.S Markets, might get a small bounce in the next few days...but afterwards it is possible to head back down to these levels: S&P will hit support of 1850, Dow Jones to hit support 15800, Nasdaq will probably hit 4200 support. Let's wait and see...I'll be watching it closely to close off my U.S short positions.

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DasBrain

U.S Markets trying hard to climb to previous highs, but losing steam a bit. Toronto stock exchange (TSX) topping out as well. Looks like we might be headed into some weakness in January or Feb. This remains to be seen, the Christmas rally was in, now I wonder about a January rally..my guess is no huge upside in January 2016...but you never know, it could happen, we'll see how charts play out.

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DasBrain

All ears on Yellen, Federal Reserve chairwomen to see what happens with interest rates this afternoon at 2pm. Whatever decision raise rates or lower rates...we'll see a market reaction.

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DasBrain

Closed of almost all TSX short positions (XIU options and etfs). Left some to ride, just in case TSX goes way lower than expected.

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DasBrain

The rollercoaster ride has hit the top and is now on it's way down. On weekly charts, it looks like we are going down for the next few weeks... S&P will hit support of 1850, Dow Jones to hit support 15800, Nasdaq will probably hit 4300 support. Who knows how long this will take, and it won't be straight down (lots of up and downs). As always..."Anything can happen" so my assumptions can be way off. The Fed speaks next week, what Yellen says is a mystery. Cheers!

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Dexter13

@Dexter13 just became a fully transparent trader today!

DasBrain
DasBrain Dec 14, 15 2:12 PM

Hi Dexter13, you posted on one of my trades: "What is a PUT contract?" Answer: A PUT contract is an option contract on a particular stock or financial instrument that has a downside bias. For instance if you think a stock price is going down you will buy a PUT contract on it. The value of the PUT goes up as the stock price goes down. For more info on option I recommend some reading on Investopedia.com

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