I am assured by one of my journo mates that Twitter is the place to be if you want to "get noticed" so I've set up a presence on Twitter and accumulated a few followers.
Not sure about the whole Twitter lark but you can follow me at this address:
http://twitter.com/liquidtraderza
Sunday, May 31, 2009
Monday, May 25, 2009
Interesting times
Monday was a bit of a non event as far as trading went - neither the US nor the UK were open for trading so global markets were battling for direction of any kind.
However I thought that maybe the Memorial Day holidays in the US may provide us with a short-term trading opportunity. The Americans are quite big on these big patriotic holidays and on more than one occasion I've seen these "Patriot Rallys" where US markets go up seemingly because of national sentiment.
Did a bit of a Google search on the subject - specifically relating to Memorial Day - and I came up with this link which made for good reading (particularly if you're a stats or quants guy).
Used Monday to position myself with a couple of short term long trading positions on the Dow, S&P, Oil, JSE All Share Index, Naspers, AngloGold and Sasol. Yeah yeah its a bog-roll long list of pozzies but I'm comfortable with the spread.
I wanted MTN as well yesterday morning but the merger talk with Bharti moved the price too early and I couldn't get the entry I wanted.
The Oil trade hasn't yet gone totally to plan and is bouncing around just above my stop-loss but there seems to be some support at above US$59.50 which is keeping me in the game.
I don't believe this will be a particularly sustainable rally but I guess we try and take the opportunities when they look like they are there and if there are short-term profits available then we take it off the table.
However I thought that maybe the Memorial Day holidays in the US may provide us with a short-term trading opportunity. The Americans are quite big on these big patriotic holidays and on more than one occasion I've seen these "Patriot Rallys" where US markets go up seemingly because of national sentiment.
Did a bit of a Google search on the subject - specifically relating to Memorial Day - and I came up with this link which made for good reading (particularly if you're a stats or quants guy).
Used Monday to position myself with a couple of short term long trading positions on the Dow, S&P, Oil, JSE All Share Index, Naspers, AngloGold and Sasol. Yeah yeah its a bog-roll long list of pozzies but I'm comfortable with the spread.
I wanted MTN as well yesterday morning but the merger talk with Bharti moved the price too early and I couldn't get the entry I wanted.
The Oil trade hasn't yet gone totally to plan and is bouncing around just above my stop-loss but there seems to be some support at above US$59.50 which is keeping me in the game.
I don't believe this will be a particularly sustainable rally but I guess we try and take the opportunities when they look like they are there and if there are short-term profits available then we take it off the table.
Thursday, May 21, 2009
Go Gold go!
Absolutely loving this gold price action and pretty sure we've got clear air up to $970 before the end of the week. At this moment in time we're floating around the $953 mark and the only thing that hasn't played the game in terms of my AngloGold call has been the strong Rand. (or is that more specifically a weak dollar)
Still pretty confident that long ANG is a good place to be going into tomorrow.
Sasol was looking fine but dipped off today as the exchange rate strengthened and US markets sold down but still pretty happy with where we're at.
Looking forward to tomorrow, I reckon there is going to be plenty of short covering around gold as people pile in and technically I don't see the Rand / Dollar getting through the R8.20 mark to the dollar.... in fact I think there might be some hot money being pulled from emerging market currencies tomorrow...
Let's see ...
Still pretty confident that long ANG is a good place to be going into tomorrow.
Sasol was looking fine but dipped off today as the exchange rate strengthened and US markets sold down but still pretty happy with where we're at.
Looking forward to tomorrow, I reckon there is going to be plenty of short covering around gold as people pile in and technically I don't see the Rand / Dollar getting through the R8.20 mark to the dollar.... in fact I think there might be some hot money being pulled from emerging market currencies tomorrow...
Let's see ...
Monday, May 18, 2009
Hhhhmmm....
Honestly can't believe the strength of this rally - am I missing something
I took a couple of positions on Monday - long Sasol (SOL) @R294 and long AngloGold (ANG) R314 and then stuck in some wider reaching short positions.
Of course ANG promptly announced its bond issue and the share price took a bit of a smack beneath R300.
Interesting to see there is a bit of a buzz in the gold price despite the equity rally - we're sitting around between 920 and 930...
I took a couple of positions on Monday - long Sasol (SOL) @R294 and long AngloGold (ANG) R314 and then stuck in some wider reaching short positions.
Of course ANG promptly announced its bond issue and the share price took a bit of a smack beneath R300.
Interesting to see there is a bit of a buzz in the gold price despite the equity rally - we're sitting around between 920 and 930...
Saturday, May 16, 2009
Bizarre!
Last week was a bizarre trading week! I had taken quite a lot of short positions on local equities that just didn't pay-off.
The Rand didn't help - particularly with the crap from ICASA on the Vodacom deal - but still I'd have thought it was time to see a bit of profit-taking and a bit of a blow-off considering the economic data still doesn't look great.
The US job numbers look kak and are going to take a serious dent when the GM dealerships (1100 of them) start being closed down.
I see Gold has bounced above the 930 level which gives me the indication that we're about to start another down-leg for equities - something that gets me a little excited because I think many of the SA equities I've picked are trading on pretty undemanding values.
Bias has to be to the short-side methinks.
The Rand didn't help - particularly with the crap from ICASA on the Vodacom deal - but still I'd have thought it was time to see a bit of profit-taking and a bit of a blow-off considering the economic data still doesn't look great.
The US job numbers look kak and are going to take a serious dent when the GM dealerships (1100 of them) start being closed down.
I see Gold has bounced above the 930 level which gives me the indication that we're about to start another down-leg for equities - something that gets me a little excited because I think many of the SA equities I've picked are trading on pretty undemanding values.
Bias has to be to the short-side methinks.
Sunday, May 3, 2009
Binary options - news
Dunno if there are any South African day traders out there who have been looking for a way to participate in the action in the US automakers and banks but a mate of mine just SMS'd me an interesting piece of news...
... The Justrade binaries option trading platform has added contracts on Citi Group and Ford which could be a bit of fun to trade.
... The Justrade binaries option trading platform has added contracts on Citi Group and Ford which could be a bit of fun to trade.
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