Weekly Recap

Weekly Recap:

October 18th-22nd

Starting Cash: $19 408.95

Week Dollar Change: -$174.58

Ending Cash: $19 234.37

Percent Change Of: -0.9%

(Monthly Reporting Will Start In November)

Thoughts:

We had a very choppy week in the stock markets, with every day pretty much being a doji candle on the ES. As I trade best in directional markets, this week faked me out mostly on everything, as I bought most of my shares on Monday, the high of the week. I am still Long 100 AAPL (A large position for me) and if it seems it will not work out, I will trade more bear calls to make up for it in premium. I have realized that in these choppy conditions, either trade options on stocks or commodities and forex, as they might be moving instead of stocks. Small loss this week nonetheless (this includes open positions and premium) and we shall see what will happen next week, I think 1200 is around the corner!

Positions:

Long 100 AAPL @ 303.56 (Theoretical Price is $302.30)

Short 1 NOV 5 AAPL 310 CALL @ 1.53

Long 1 NOV 5 AAPL 320 CALL @ 0.30

Bear Call On AAPL, AAPL Add, Out of SPY and GE

Short 1 NOV 5 AAPL 310 CALL @ 1.53

Long 1 NOV 5 AAPL 320 CALL @ 0.30

Out of GE and SPY for a loss of $50. No move on them today, freeing up cash.

LONG 100 AAPL @ 303.56

Going to hold till next week. We have some nice support in the $300 level.

Out of EURJPY

Out of EURJPY as this trade didn't really set up as I would have thought -$100USD.

Long EURJPY

Reinitiating this YEN short trade.

Looking to add much lower...

Long 40 000 EURJPY @ 112.42

Out of EURUSD, AAPL Add

Out of EURUSD @ 1.3921 for $120USD

USD is falling with stock market....hmmm

Added 25 AAPL @ $302.01

Avg. on 75 AAPL @ $304.40

AAPL Add

We know Apple's a strong company, good chance we will get a bounce around $300.

Long 15 AAPL @ 303.78

Avg. of 50 AAPL @ $305.59

Willing to add @ $300

AAPL Dropped AH

Added 10 AAPL @ 305.20

Avg. 306.28

New Positions And Position Update

Here are my current positions with adds:

Long 25 AAPL @ 306.72 (Gotta love Apple :D )

Long 20 000 EURUSD @ 1.386

Long 500 GE @ 16.10

Long 75 SPY @118.30

Looking for a bounce here. If there is some sort of weakness I expect I'll short 1 YM or NQ for protection. Here is my view on the market:

Long EURUSD

Long 15 000 EURUSD @ 1.3891
-Nice support area around here
-Willing to add down to 1.37

Long GE, SPY

Long 50 SPY @ 118.71

-Closing sell off offered opportunity to buy for cheaper prices

-This market seems to want to go up on anything, BUY PULLBACKS

-Willing to add down to $116

Long 300 GE @ 16.17

-Market is strong, GE should catch up

-Nice bottoming pattern

Weekly Stock Watch Summary

AAPL-Reported an unexciting earnings report and caused the share price to fall almost 5% on Tuesday. However, because of AAPL's immense strength, the day of earnings was a complete rally higher, almost back to the area of pre-earnings. If AAPL could get below $300 again, we could see quite a bit of follow through.

AMZN-WOW! Strongest of the Tech's this week with a mediocre earnings report still propelling the stock to all-time highs! If it could get below $165 with volume however, we could see the $150's soon enough. No resistance levels to watch as it is at new highs.

BAC-Getting slammed AGAIN this week with volume beginning to die off on Friday. I may want to pick up some of this stock in the $11 area, as it has been some nice support before. I won't say this move is over extended though as this stock has been tanking in a rally market. See how it will react on a large trend day up or down for some more reasoning.

BIDU-WOW! Strong earnings propel Baidu.com to all time highs! Shorts are just getting hammered in this stock, but it is starting to look extended. First off, the candle we put in on Friday is sort of weak, as it has a nice wick on the top of it. Also, it is extremely far away from its moving averages, and it is very unlikely for a stock to stay this far away for a long period. I will begin shorting this stock as soon as I see a topping candle pattern.

C-Creating a nice little range from the $4.05-$4.20 area. I would be interested in shorting this stock if it tests the $4.30 highs. It looks like some sort of break out is brewing in this stock. I would watch the SPY or XLF for confirmation on a move, as with any stock.

CSCO-Stabilizing in the low $23 area, with it closing on its highs on Friday. We have some overhead resistance from a previous earnings gap, and a 200 moving average in the $23.80 area. Lower volume on this move up, even on large impulse days. Watch how a pull back reacts on CSCO.

FCX-Looks like this stock is beginning to top out near the psychological $100 mark, with a strong gap up being rejected into it. A large amount of volume is seen on these last two days of selling activity. Right now the most important areas to watch are $92.50 and $100.

GE-Looks like it is starting to form a base at the $16 area, with a 50 day sma right below. A break below this base could have some initiative selling pressure down considerably lower, as we do not have any significant support until the low $14's.

GOOG-As expected, GOOG ranged this past week after its huge beat on earnings. Remember, 20% of the time, the market is moving somewhere, the other 80% the market is stagnant. After such a large move, in such a short amount of time, it is very common for the stock or market to rest in the coming days. $620 and above is going to be important for GOOG.

GS-Goldman has been extremely strong the past 2 months compared to the financials, and it seems this could continue. We are now above all of our important moving averages, and above some significant support at the $155 mark. This could be a mover in the coming weeks.

INTC-Yesterday INTC tested its earning highs in the $20 area. It looks like this could be a high for INTC next week and I would be interested in shorting it. This stock has been underperforming the technology sector greatly lately and it seems this could continue. There is a seller in INTC and I don't think he wants to go away.

JPM-Following BAC for the most part, with it being one of the weakest financials. We are very close to being near the lows of the year for JPM. I would be a seller in this stock at higher price. We could have a vicious break if we fall through $35 in change.

MOS-Looking like FCX here, and I would play this stock the same aswell. We have a nice gap below that looks like it could get filled very soon. Unless it could break the $70 mark on this stock, I would be a seller at any move up.

MSFT-Definitely a lagard compared to the stock market. MSFT isn't even close to the 200 day sma and I think it could stay below unless this $26.20 area breaks with volume. But with this market already extended, I don't think this is a very probable possibility.

RIMM-The $50 mark is REALLY holding as resistance in RIMM, and if it break we could see a LARGE snap back. I may buy some calls above $50 if the market pulls back and RIMM is still holding around here. Something however would need to act as a catalyst.

SNDK-Wow people are really selling this stock last week. Every gap up, even on earnings have been slammed right back down. We have an uptrend line holding it in the $37 area, which is where we closed. If we could break that I think we could see the low $30's.

X-This $42 area in United Steel just can't break! Someone really likes X here and once he lets up we could see some swift movement down into the $37 area. I would not be a buyer in this support, especially where the market is right now. We will have to see if sentiment changes on this stock.

In ALL Cash; Weekly Performance

Out of EURCAD for a loss of -$11CAD ($10.70USD)

Out of GBPJPY for a gain of $100JPY ($1.25USD)

Around +$90USD gain for today, in all cash. Out of these positions because of potential weekend risk, as I do not have any sufficient gains in the positions.

Weekly Recap:

October 18th-22nd

Starting Cash: $18 882.94

Week Dollar Change: +$526.01

Ending Cash: $19 408.95

Percent Change Of: +2.8%

Out of BIDU

Nice trade on BIDU! Broke to new highs, however I think I could have had more size.

Long 20 BIDU @ 103.75 Out @ 108.87 for a profit of $100.40USD

Long BIDU

Good earnings from BIDU and it looks like its bottoming in this pullback on the daily chart.

Long 20 BIDU @ 103.75

Long GBPJPY Again

GBPJPY set up again, looking for the same profits...

Long 10 000 GBPJPY @ 127.55

Short EURCAD...

Still not touching equities, I do not want to buy this breakout. In the meantime I will look for small Forex trades.

Short 20 000 EURCAD @ 1.4311

Looking to add @ 1.4325-50 area
Target around 1.4150

WOW Look at That GBPJPY!!!

Long 20 000 GBPJPY @ 128.192 Out @ 129.145 For +$19 050JPY (around $235USD)

WOW something happened to the currencies! It gave me a good profit, and I didn't want to hang around in the after math. Nice trade!

No Positions

Trade Exact Numbers

EURJPY Long 50 000 @ 112.642 Out @ 113.131 For +$24,450JPY (around $301USD)

EURUSD Long 20 000 @ 1.3811 Out @ 1.3953 For +$293USD

YHOO Long 200 @ 15.565 Out @ 16.19 For +$125USD (Should've added more shares)

(Protection Trade) NQ Short 1 @ 2066 Out @ 2088.75 For -$455USD

ALL FOR TOTAL GAIN OF $264USD

Open Positions:

GBPJPY Long 20 000 @ 128.192

I am long this pair as I am still bearish on the Japanese Yen. I got out of my other JPY trade (EURJPY) as I felt I had too much risk on. I will add to this trade however. Here is a chart explaining why I bought this pair:

BTW from now on all open positions, or trades will be bolded, and all closed positions will be italics.

Out of EURJPY and EURUSD

Out of both of these pairs for a nice profit of about $600-700. I am still holding onto 20 000 GBPJPY, with a target of a lower yen. We shall see, nice comeback today.

Out of YHOO and NASDAQ 100

Out of both instruments for a loss of around $300, however I am in the money for quite a lot in my Forex positions.

Published from school.

EURJPY Add

Long 20 000 EURJPY @ 111.70

I am not adding any more, its either going to move up or not, it is at its last support.

Short Nasdaq

Because of natural market conditioning, it is likely that tomorrow we will continue this down move, at least slightly. Now because of this, I have shorted 1 Nasdaq 100 Futures Contract, for a potential break down, and protection if the euro follows the market tomorrow.

Short 1 NQ @ 2066

Long YHOO

I would like to have a long position in YHOO from the 15.70-15.00 area.

Long 200 YHOO @ 15.56

Will add up to 700 shares.

Well Here's Our Pullback :/

Wow... Markets down today over 2%, looks like I should have held short! Right now I really believe the Yen is overvalued and I am short it because of this. I am also long the euro right now. After large drops like these (one day drops), the next day we are usually rotational with a slight downside bias, so tomorrow I am looking to buy some stocks at cheaper prices.

Current Positions:

Long 30 000 EURJPY @ 113.27

Long 20 000 EURUSD @ 1.3811

Long 20 000 GBPJPY @ 128.19

Long GBPJPY

Long 10 000 GBPJPY @ 128.47

I am bearish on this YEN BIG TIME!!! Take it down government!!!

EURUSD Long Trade

Long 20 000 EURUSD pair from 1.3805 off of this obvious support area.

This Is Why I Purchased The EURJPY Cross Pair

The Euro TANKED today! However at the same time the Japanese Yen TANKED as well. Because of this, I am limited to losses, as they can move in tandem with the dollar.

Uploaded from school.

Not Going To Trade Any Stocks Today

Not going to trade any stocks today, as AAPL could move the financial markets like GOOG did, so that would be unnecessary risk that I do not want to take on.

Nice Signal For The EURJPY Trade

Today in the EURJPY, we made a nice wick down (in which I bought last night). This trade is starting to look promising, and I am still willing to add to it.

LONG EURJPY

As I am looking to build a core long position, I will add if we break lower.

Long 30 000 EURJPY @ 113.27

Interesting Money Flow

This chart shows how large speculators have been short at every market top since the flash crash (highlighted as red). They are now short more than they ever were....

Look At SILVER GO!

Stock Watch Summary

Every weekend, I will go over these stocks that are my base trading stocks.

AAPL-Strong mover on Friday, with a five dollar breakout into the close. Large volume on this breakout, and it seems the $300-$305 mark will be good support. It is very extended, though that does not mean it can't go higher.

AMZN-Another strong mover with a 5% move up on Friday, also with a large amount of volume. We have a nice support zone in the $160-161 area. New all time highs were made today, no resistance.

BAC-As most financials right now, BAC is technically broken. We have made new year lows, with large amounts of volume. On the daily chart we have a large support area in the $11.50-12.00 area. Break down point is the $13.30 gap area, may look to short into there.

BIDU-Relatively weak compared to other tech stocks such as AAPL, AMZN, and GOOG. We have been ranging from the mid 90's to the low 100's. As BIDU has been a strong upward trending stock, a break upwards is likely to buy on.

C-Another financial stock that has lost a good chunk of share value over the last 2 days. C doesn't look to compelling right now as it is right in between its range, however it is resting on its 50 and 200 day moving averages.

CSCO-Right now CSCO is testing an important resistance zone from a gap made in early August of this year. There is also the 200 day moving average right above in around the $24 mark. As this stock is underperforming the Nasdaq, I may look to short into that area.

FCX-WOW! Large up move in FCX, with no real news! Great outperformer, but it looks like it needs a rest. I am looking to short OTM puts in FCX, at areas were I believe it could bounce. The trend is your friend on this one...

GE-Large down move on Friday, as the company's revenue fell short. As of right now it looks as though GE could be accepted back into it's $16-$13.50 range. If this is true, I will be looking to short this stock for a break down.

GOOG- WOW! Look at GOOG move off of its killer earnings!!! We have a huge gap that will be filled at some point, but I wouldn't be fading it right now. Next level up would be the $620 high it made in early January.

GS-Strongest of the financials as of right now, as it is holding its 200 day, and the $150 mark. It is forming an interesting wedge pattern right now that could make an exciting start next week. Bias is to the upside in Goldman, and we could see a break of $157.50 with volume.

INTC-Another weaker tech stock, as it was rejected at the $20 mark off of earnings. The $20 mark is an extremely important area for INTC as it also marks a downtrend line. I may want to purchase some $20 calls as we could have a large move if it breaks.

JPM-If this market is going to go down, the financials are going to be leading the way. JPM has failed make a higher high above $42 and is now coming down to test the $36 mark. If this market stays strong however, I will be a big buyer here.

MOS-A very strong stock, extremely close to having a large break to the upside. If we could break the $70 mark with volume, we could see $80. Large support in a gap around $62.50, I would be a buyer in those levels.

MSFT-Another stock underperforming it's index. We have a large resistance zone in the $26-$26.50 area. MSFT was hit extremely hard after the flash crash, so we could see some catch up in the next few weeks.

RIMM-Still RIMM has been underperforming the stock market greatly, with very little energy to bounce. Just like MSFT, I do think this stock could have a snap-back rally at some point, but it would be FAST.

SNDK-Looks like it could be setting up for a large bounce possible with it resting on both its 50 and 200 moving averages. The $40 level is very important, and I will probably buy some $41 calls. This stock could very easily be accepted back in the $45 area.

X-One of the weaker stocks, with commodities bouncing, I believe that X could have a sharp bounce in the near future. We have some large support in the $42 area, but if that breaks, watch out below!!!

WOW! We are just ripping higher!!!

Out of ALL Short Stock

Out of FCX and AAPL for a total loss of around $600. We will look for better prices to be short.. GOOG earnings didn't help.

This Market Does Not Want To Pull Back

Obviously with this large GOOG report, this market is not showing any weakness, and this market has not found an area of balance or value. I do believe a pull back is coming, and I will be waiting until the good price to short will become available. Closed both AAPL, and DELL shorts today for a loss of $550. Looking to make back this money when the short oppurtunity arises once more. Until then I will be buying this move up.

Frustration....

The two stocks I shorted, AAPL and DELL are up today in a down market :/. I will hold for tomorrow though...we shall see.

Out of FCX, KFT, AAPL Option Recap

Out of all 3 positions for a total loss of $48.78, lightning up on short positions just incase of a possible continuation. My BIDU, GOOG, Bull Put Options are almost gaurunteed to expire worthless, making up for this loss incurred, with a potential profit. This is an example of how options can protect you in trading. Still short DELL and AAPL, looking for a pullback.

BTW... Now that I am out of KFT Stock, I am looking to liquidate my option position tomorrow for whatever profit or loss. Also looking to add 3-4 contracts to my DELL options for more protection.

This Day Does NOT Look Good...

To me this market looks very tired, and I am going to hold short. We are now testing an important break down area, and everyone who is short there would want to keep it lower. AAPL seemed to just stall today, no extreme buying above $300. We shall see tomorrow.

Current Positions

Short 1 GOOG OCT 15 490 Put @ 0.55 (+$55)

Long 1 GOOG OCT 15 480 Put @ 0.31 (-$31) =$24 less comm.

Short 6 BIDU OCT 15 90 Put @ 0.18 (+$108)

Long 6 BIDU OCT 15 85 Put @ 0.08 (-$48) =$50 less comm.

Short 50 FCX @ 96.50

Short 1 NOV 19 72.50 Put @ 0.47

Short 400 DELL @ 13.835
Short 4 Puts NOV 19 13 STRIKE

Covered call KFT @ NOV 19 32 STRIKE @ 0.29

Short 100 AAPL @ 299.50

KFT, AAPL Option Out

Out of both KFT and AAPL 300 Put for a total gain of $81.

AAPL, FCX Add And Option Trade

Short 50 AAPL @ $301.50
Avg. Price $299.58 on 100 shares
Short 1 AAPL OCT 15 300 Put @ $2.09

Short 25 FCX @ $97.77
Avg. Price $ 96.50 on 50 shares

-Trades are from school

Market Recap

Today was a relatively low volume day once again (until the fed minutes), with a slightly bullish move into the close. To me it seems as though the market is trying to find any way to move higher. INTC earnings today did not have much of an effect on the futures, so I am expecting a neutral day tomorrow as no news is coming out. In my opinion the market needs to "refuel" in order to go higher, in the form of a pull back. We are also coming into some important overhead resistance, AAPL is at the big $300, we will see how we react here.

INTC Trade Video

Cool video of the INTC trade I made: INTC Trade

Out Of INTC

Out of Long INTC @ 20.13 for $35 profit

Not much of a move....

Account Update INTC Trade

Currently net down $110 in stock and net up $302 in my option positions. My ideal situation for the account currently would be a sell off in the next few days. I am predicting a pull back to potential profit on, then get on the train higher.

INTC is coming out with earnings today, and from recent history it has done well. It is a strong company, and I predict we could see its share price rise after hours today. At the first sign of poor price action, I'm out. As INTC moves the NASDAQ quite a large amount, if earnings are bad, it should offset my loss in AAPL and DELL.

Long 100 INTC @ 19.76

AAPL Add

Short 25 AAPL @ 299.05

Avg. Price $297.72 50 shares

-$300 dollar mark could see some activity

DELL Add

Short 200 DELL @ 13.99

Avg. Price 13.835 400 shares

Short 2 DELL NOV 19 13 Strike Puts @ 0.34

-Still some overhead resistance (see chart in prev. post)

Market Recap

Today was a very low volume day for the most part, with some down volume picking up into the close. Although my bias is still to the upside (i am net short), I do believe we could see a pull back in the next few days, as at the open, there was no interest to move this market to new highs. I have also taken some stagnant-upside option trades in strong stocks such as BIDU and GOOG. I am short AAPL and FCX as both broke to new important highs with little to no interest to continue to the upside. My stock shorts are currently for a pullback move. KFT is my protection in stock, as well as some covered calls and puts. Here are my current positions.

Short 1 GOOG OCT 15 490 Put @ 0.55 (+$55)

Long 1 GOOG OCT 15 480 Put @ 0.31 (-$31) =$24 less comm.

Short 6 BIDU OCT 15 90 Put @ 0.18 (+$108)

Long 6 BIDU OCT 15 85 Put @ 0.08 (-$48) =$50 less comm.

Short 25 FCX @ 95.29

Short 1 NOV 19 72.50 Put @ 0.47

Short 200 DELL @ 13.68
Short 2 Puts NOV 19 13 STRIKE @ 0.37

Long 100 KFT @ 30.93

Covered call @ NOV 19 32 STRIKE @ 0.29

Short 25 AAPL @ 296.35

GOOG BIDU Bull Puts

Short 1 GOOG OCT 15 490 Put @ 0.55 (+$55)

Long 1 GOOG OCT 15 480 Put @ 0.31 (-$31) =$24 less comm.

Short 6 BIDU OCT 15 90 Put @ 0.18 (+$108)

Long 6 BIDU OCT 15 85 Put @ 0.08 (-$48) =$50 less comm.

Therefore if these stocks stay above their short puts (highlighted line) by the close this friday, I collected $74 profit from premium.

FCX Short

Short 25 FCX @ 95.29

Short 1 NOV 19 72.50 Put @ 0.47

-Will add up to around $100

-Looks over extended

Short Dell

Short 200 DELL @ 13.68
Short 2 Puts NOV 19 13 STRIKE @ 0.37

-Will add up into $14

KFT Long

Long 100 KFT @ 30.93

Covered call @ NOV 19 32 STRIKE @ 0.29

-Looking for move to $32

-Will add down to the $30's

AAPL Short

Short 25 AAPL @ 296.35

-Over extended move

-Will add above for pullback

-Looking for a move back to $294 and lower

Some Of The Big Names

   Today is going to be an interesting day for the stock market. The ES is at some very important levels that could be threatened easily today. Watch the big, strong names, such as AAPL AMZN BIDU and GOOG to see if buying is present above 1060.

Stock Market Predictions

Looks like we might be near at least some sort of pullback. Bias is still to the upside as long as the 1150 area holds. We have a large gap form 1135 to 1142.50. May hold as support as well. Looking to buy names such as AAPL and BIDU next week.

Welcome To The Blog!

Hello Everyone,

My name is Julian Marchese, I am fourteen years old, and I day trade and swing trade stocks, options, futures and forex. My strategies originate from constant studying and watching of the markets. I believe in order to be successful, you must believe in yourself, which in turn would mean believing in your strategy. You must formulate your OWN strategy in order to have confidence in your trading. As I am 14 years of age, I can only trade the last hour of the trading day, and occasionally during school through the means of a school computer. I mostly swing trade stocks and options, and will occasionally day trade futures and forex.

This blog will be mostly a trading journal, where I post my entries and exits throughout the trading day. I will also post my thoughts on certain markets, my hypothesis' for the next trading day, and the occasional account performance.

I hope you enjoy this blog! Comments, suggestions etc. are welcome!

Thanks and I hope you enjoy this blog!


Julian Marchese