Bidu opened at days lows and rushed up but could not even get to first Pivot Resistance R1. Slide back to Pivot Point PP supported the afternoon session.
Our AM trade was as under:
Trade 8. 2011/01/25
Bidu 105 PUT Jan 29 Expiry
In: 1.00
Out: 1.36
Time in Trade: 14 min
Return on trade: 36 %
Account at Start of Weekly Options: USD 2.000.00
Account Value today: USD 3,025.02
Return on Account: 51.25 %
Due to Obama " State of the Union " tonight and FOMC meeting decision tomorrow at 2.15 PM. markets are in a jittery mode. Upbeat address by Obama will likely lead to market going up .. to let Dow kiss 12000 mark and afternoon will be another story after FOMC rate and policy news.
Stay alert and enjoy the journey ahead.
Best
Harry
Our AM trade was as under:
Trade 8. 2011/01/25
Bidu 105 PUT Jan 29 Expiry
In: 1.00
Out: 1.36
Time in Trade: 14 min
Return on trade: 36 %
Account at Start of Weekly Options: USD 2.000.00
Account Value today: USD 3,025.02
Return on Account: 51.25 %
Due to Obama " State of the Union " tonight and FOMC meeting decision tomorrow at 2.15 PM. markets are in a jittery mode. Upbeat address by Obama will likely lead to market going up .. to let Dow kiss 12000 mark and afternoon will be another story after FOMC rate and policy news.
Stay alert and enjoy the journey ahead.
Best
Harry
