Big push up for all U.S and Canadian markets today before the Fed announcement in the coming days. It's going to be an interesting next few weeks to see how markets react to the Fed speak....hold on to your horses. :)

Wow, quite a rally this week in U.S markets, double top is already in, let's see where U.S markets go next week. Canadian markets not as strong. This is part of a long drawn out topping phase, I guess is that within 2-3 months we are going to see markets much lower after January 2016, if it can't break above higher, but again this is only my opinion and I can be wrong. With the markets you never know, that is one thing I've learned ... "anything can happen"

Markets rose up last week and this week. Alcoa to report on Thursday, let's see how the earnings come in for this quarter...If it is bad, it is possible next week we may see an inflection point and markets will head down, but anything an happen. TSX and U.S indexes has hit resistance, don't know if the upward momentum is strong enough to break to the upside.

U.S Fed, will announce interest rates decision tomorrow. Raise rates up or down, it is going to affect the markets quite strongly. In terms of Toronto Stock Exchange (TSX), there is a big resistance at 14,200 and support at 13,000. Now, we wait...no way to tell what Janet Yellen is going to do.

Markets (Dow, Nasdaq, TSX) bounced up big today. Lot's of volatility, up / down. It is so hard to tell which ways things are going to go from now until next week Sept. 15th when the Fed will announce interest rate decision.

Woke a bit late this morning, and when I looked at the markets...WOW !!! 300 points down on the Dow and Toronto Stock Exchange. I just entered into all my short positions yesterday, as you can see from a "wall post" yesterday Aug.31.2015. Based on the charts my timing was surprisingly precise. Currently, all my positions are ITM (In-the-money), but you never know how far this new down leg will go, or if it will turn sharply higher quickly...I'll be keeping a close watch on the charts.

Just entered, a bunch of new PUT (short) open trade positions today. A lot of it, using Canadian currency and focused on Toronto Stock Exchange (TSX). At 13,800 there is some weakness. I am in on the front side, which is usually "riskier" as it can move higher. Possible move might be to 14,100, so I gonna have some "dry powder" in case it pushes higher, I can scale in some more. The thing is "you never" know what can happen... such is the game of trading...it ain't easy.

Massacre on the streets earlier, but looks like the bounce is coming, already a lot of big names are bouncing off the lows, let's see if it holds or go back down a bit near the end of day or will it go strong upwards. We'll see. Crazy...market action.

Markets getting a beating with a huge paddle :) But it looks like the worst might be over for the short-term, Stochastics converging, may get a bounce sometime next week. Closing whatever SHORT positions that are "in the money" right now.