Market Update

My S&P puts expired with a profit at $5. Google is flying past $500 and is currently up some 2.71% in today's market. Many of the stocks on my watch list, such as WYNN, GS, MA, AAPL, NYX, HANS are all moving up fast here. I was bidding on Crude yesterday at $58.00. The January contract was trading at $57.75 only minutes before, however I missed that trade although I am still long the contract. Metal, oil and commodity stocks are all up big right here. We are seeing colder weather now in the US.

Two Trades

Rolled over the December contract in Crude to January. Bought the SPX Put with the 1405 strike and expiration tomorrow. Payed $4.7. A pure speculation play.

Two All Time Highs and More

My two biggest holdings both made all time highs today. PARE ended the session at it highest point SEK 58. The stock is playing out perfectly according to plan. There should be a lot more to come its way. Google was very close to break the $500 barrier intraday, but ended the day at slightly above $390. Fundamentally I strongly believe that the stock could go to $600.

Silver made a turn-around today, ending up after being down in the morning. Crude also showed some strength after the inventory data. US is still very warm, but that could change quick.

The two big disappointments in the portfolio both belongs to the Lundin sphere, namely LUMI and LUPE. Today I switched Lumi to LMC for purely technical reasons. The stock is getting hurt by the price of Copper which is not as bullish as Zinc. I might average down on this position going forward. LUPE I have view as a proxy for Crude which has been a mistake. I don't like to sell it down here and it very well could be that the company wants to give the market a bearish picture in order to surprise to the upside in the future.

A Very Good Day

Pare and Lumi up over 6% each today, Boli up almost 4% as commodities find new strength. Goog is up over 1%.

I sold my last Nordnet at 21.90.

Waiting for pull-back to go in heavier in equities.

A Comeback

LUMI.ST is back in the portfolio. I bought them yesterday in Stockholm before Cramer's buy recommendation was widely known in the market. The stock is fundamentally very attractive and I like its zinc exposure.

A Very Healthy Market

Today's sell-off comes one day after the end of the fiscal year for mutual funds, maybe not a coincident. The selling of GS and TTM turned out to have been done at a remarkable good time. GS was down over 2% today and TTM has been down big since I closed out the position. Continued to scale back in Nordnet today as the stock showed some strength.

Crude and Silver are strong here. Crude was up big at one time today after the inventory data.

Tomorrow I might add a new position in Stockholm, a certain urgency is related to arbitrage issues.

Risk-Taking Paying Off

This morning as crude was down big after yesterday's big drop, which was the biggest decline since August last year, I bought the December contract. Below $58 crude should be bought. The contract traded down to $57.025 just after I got in. CNBC was talking about how OPEC can't be trusted, how the weather is not as cold as expected etc. In a remarkable turn-around crude is now trading at $58.7. Once again this strategy seems to be paying off.

I started scaling back in my Nordnet holding today as the stock was showing some strength.

Taking Some Off the Table

Sold positions in GS and TTM late yesterday. Got an average around $192 for GS and $19.64 for TTM. I still regard both stocks as undervalued but wanted to take some profits. With today's action it turned out to be the right decision. Of course a high-beta stock like GOOG falls here after the run-up. Crude should be bought under $60, and it could have been done today.

Nordnet reported the other day. After listening to the conference call one has to reconsider the stock. Q4 will certainly be stronger than the last quarter, but I will get out of the stock in any strength. I regard Nordnet as one of the big disappointment in my portfolio. Commission will put pressure on the company's margins in the time to come at the same time a market like Germany seems to disappoint.

A Trade and Some Thoughts

Covered my short Dec S&P futures at the 1384 level, maybe not an optimal trade but didn't like that my short position dragged on for so long.

Crude is up big here. My playbook was to go long if the market showed some weakness today after the numbers. Now the strategy should be to go long on any weakness.

Pare exploded up today more than 10% after they released some news from Tunisia as I expected they would do and wrote here earlier. I think this is only the beginning of a re-valuation of the stock, more news could also be on the way soon.

Google recently set a new all time high above $480. As with Pare, I believe the stock has further to go. I believe one of the most exciting news could be close to prime time. Gdrive (or Patypus as it is called internally at Google) maybe be near launch.

GOOG

Google just reported a blowout quarter, and is trading up towards $460 right now in the after hours trading.

Market Update

Apple is up huge after the earnings report, closing in on $80. I have been writing a lot about the stock on this blog lately.

I will stay with my S&P 500 short for some time longer as market has a way of turning around right after options expiration.

Every time crude is trading below $58 we get a spike up, no difference this time. My Swedish commodity stocks are all up nicely. Especially PARE and BOLI. I expect PARE to release new information to the market any time now. Silver is up nice, now trading over $12/ounce.

A stock that is keeping one of my portfolios down is Nordnet. Bank of America just launch a zero commission service for the US market and a Swedish paper is reporting that Saxo Bank has done the same in Denmark. This is probably what is keeping the stock down. I am waiting for the earnings report, due in one weeks time.

Google is reporting in 1 hour time, and is up ahead.

Decline

We got the biggest decline in over a month in the S&P 500. Looking to close out position today or tomorrow.

Hedging

Putting on a new play, shorting the December S&P 500 future in a contrarian move. Executing at the 1374 level. The market is due for a down move here...

Very good action in Silver lately. Also Crude is moving higher, so far $58 seems to be the bottom.

Calling a Bottom

The sentiment seems to have a changed in the oil market. We now got several bullish factors going forward:

- New developments in regards to North Korea
- Opec are cutting production, defending the price
- Apparently new storms are on the way
- Winter is approaching in the northern hemisphere

Seems like $58 could have been the bottom, some $20 dollars from the top. Assuming the price overshot as much in both directions, a fair price would be $68...

In other news Google is ramping up quickly on the YouTube rumors, which might very well be true. GS, TTM and my energy stocks are all doing very well right here. Wish I had increased the Silver position while it was trading below $11 last week.

According to Plan

We are seeing a washout in crude in progress, might continue for a couple of days. Sold the Nasdaq futures very near the top. Silver has been holding up so far. Looks like an opportunity in Apple is closing in...

Market Strategy

Everyone seem very bullish all of a sudden, CNBC is devoting the day to "Dow Wednesday". The trend followers tell you never to sell on a ATH. I just sold my Nasdaq futures taking profits for a trade just before the closing bell. Looking to buy back lower within days. After a huge move, Nordnet is almost back to break-even. Fundamentals pay off in the end. Crude is up huge today after bearish numbers.. So is silver, looking to increase position on a pull back. Might be time to enter crude as well, although I was waiting for a washout of the last bulls first. Apple seems to be THE name to be in, in this tech rally. Might pick up some calls if it sells of further. The end of the quarter might signal reversals in many assets, similar to an expiry.

Market Strategy

Everyone seem very bullish all of a sudden, CNBC is devoting the day to "Dow Wednesday". The trend followers tell you never to sell on a ATH. I just sold my Nasdaq futures taking profits for a trade just before the closing bell. Looking to buy back lower within days. After a huge move, Nordnet is almost back to break-even. Fundamentals pay off in the end. Crude is up huge today after bearish numbers.. So is silver, looking to increase position on a pull back. Might be time to enter crude as well, although I was waiting for a washout of the last bulls first. Apple seems to be THE name to be in, in this tech rally. Might pick up some calls if it sells of further. The end of the quarter might signal reversals in many assets, similar to an expiry.

A Late Trade

Bought the Dec Nasdaq future at 1639 late in the Friday's session. The weak numbers on Thursday gave me an opportunity to get in.

Silver

Rolled to Dec.

Successful Expiry

My short GOOG puts expired out of the money. My remaining Nasdaq futures showed nice gains all the way in.