Week ending Oct 1

Trading trends is like putting money in a jar; A BIG jar.

Trades the
Week of Oct 1, 2010

www.MarkJessing.com

A person becomes what they think about all day long.
- Ralph Waldo Emerson: wikipedia.org

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	This is just my trading commentary, not my advice to you, but the S&P closed at May price levels, building momentum to the upside. I'm doing almost all call trades again this week.	Follow me on Facebook	Chart program that I use sold by: Better Trades (originally written by Genesis). My broker is OptionsXpress, but just opened Think or Swim.

Last week -$600

TSCO Nov $35 calls
Bought 10 @ $3.90

Stop @ $37.32

Fri close @ $4.50

Total: +$0

AAPL Nov $300 puts
Bought 1 @ $21.73

Stop @ $295.32

Fri Close @ $24.00

Total: +$227

Last week -$260

CTXS Nov $67.5 calls
Bought 6 @ $6.00

Stop @ $65.93

Fri Close @ $4.50

Total: -$1,160

Position Status
Mon -$400
Tue -$200
Wed +$484
Thur -$200
FRI -$993

Account Equity
- 8% since Aug

	Friday after the close Friday the S&P showed a little bullish movement when it came close to the 10ema. Last week formed a Rising Three pattern like the week before, even though it actually took 5 days. But the uptrend is still firmly in place: AAPL fell, even on an up day. Not good for AAPL, but great for my $300 puts. $275 is still the initial target, where I'll tighten my stop from the $$295.32 that I have now: TSCO came back to the 10ema but stayed within Tueday's big white candle. I'll move the stop up to around $38 as soon as the 20ema moves up a bit: CTXS has me concerned. The down candles are getting bigger than the white ones. That may mean that the trend is going to end. It should have bounced on the 10ema. The stop is still at $65.93, under the 20ema, so if it is hit, I may not only exit, but I may switch to puts on a bounce. Direction should be clear by the end of next week:
	Thurs before the bell Yesterday AAPL looked better than Visa for puus, so I bought just one for $2,173. Here is what AAPL looks like after Wed's close: Since I'm trading AAPL expecting an Adam & Eve bottom, I wrote up a few examples of this pattern: Adam & Eve bottom Yesterday TSCO did a bit better than CTXS, but I expect it to come on up today.
	Wed after the bell SPX pulling back a bit after Friday's run up: AAPL looks better than Visa for puts and it is my favorite stock to trade (Markay too). The long tail from Tue tells where it wants to go. RSI and cashflow are weak and there was high volume on the sell-off. It also missed tagging the upper Bollinger and may form a double top if it come up. I'll be watching for an Adam & Eve bottom at $275 for calls: TSCO is still going strong with high volume buying on Tuesday: CTSX is a tiny bit slower than above, but high volume Tue shows the bulls taking control:

Last Week's Trades