Trading Updates



trading updates

Trading Update June 17th

Date: 17 Jun 2013
Posted by: Sang Lucci
Comment: 2

Today’s trading day got ransacked by a misinterpretation of an article written through the Financial Times. The piece held within its paragraphs keywords that hinted towards the ‘tapering’ of the FED’s QE programs. Although speculation already exists about the FED’s position, the perception in the markets this morning was that Bernanke was going to ease concerns this Wednesday during the release of the FOMC minutes. Once the news algos caught wind of the FT article, the panic selling ensued and the Read more [...]


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stop trading

Mid Day Trading Update – STOP TRADING!

Date: 14 Jun 2013
Posted by: Sang Lucci
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The bullish sentiment from yesterday laid the foundation for some of the buying activity during the morning session. Unfortunately, the choppy environment we’re currently in doesn’t lend itself to any lengthy follow through. After the Consumer Sentiment figures brought us to fresh highs, the markets took a turn for the worst and went back into negative territory. Subsequently this trapped many long biased traders from the overnight and the morning bull run. This pattern has been the norm as of late, Read more [...]


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trading updates

Trading Update June 11th

Date: 11 Jun 2013
Posted by: Sang Lucci
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Folks, after such extensive trends in one direction the market must go into consolidation mode to figure out the next big picture move. Whether we see a push back to fresh all time highs or the beginning of a bear market, nobody will know anything until the consolidation period is over. The key things to note during these periods is the lack of overall direction and the subsequent lack of follow through. This means that holding a put or call for a lengthy span of time will most likely result in a Read more [...]


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Do We Care About Japan

Mid Day Trading Update – Do We Care About Japan?

Date: 11 Jun 2013
Posted by: Sang Lucci
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Of course we care about our fellow man so don’t let the title mislead you. We are hinting towards the news that came out of Japan which pushed the U.S. equities markets down significantly from yesterday’s close. Price action thus far has been pretty bullish and investors have been able to chew up a large portion of the gap down this morning. For intraday traders, however, there has been an overall lack of solid opportunities despite the range seen in the broad indexes. Apple (AAPL) is one stock Read more [...]


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ap9511130198

Trading Update June 5th

Date: 05 Jun 2013
Posted by: Sang Lucci
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After the sell off down to fresh lows on this recent pullback, the indexes went into a chop range making things difficult for intraday options traders. Looking back over all the trading sessions that took place after the reversal off $169 on the SPY, price action in general has been difficult to get a read on. We have seen a few new trends float up to the forefront. The main trend being the rally off the open to squeeze people in long and then trickle lower throughout the rest of the session. We’re Read more [...]


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Winning Streaks

Mid Day Trading Update – The Tuesday Winning Streak Breaks?

Date: 04 Jun 2013
Posted by: Sang Lucci
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Indexes were squarely in the green this morning but have turned sour as we move into the afternoon hours. Most major newswires are all citing the fact that for the last 20 or some odd Tuesdays, the market has been in positive territory. Unfortunately, for many traders we’re looking at quite a choppy session that’s confusing any and all directional biases. We’re looking at a mixed bag across all sectors today as well. For the folks here at Sanglucci.com, Netflix (NFLX) was really one of the only Read more [...]


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bears win

Mid Day Trading Update – Market Continues To Falter

Date: 03 Jun 2013
Posted by: Sang Lucci
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The gap up in the futures this morning was a quality set-up from the powers at be, considering we broke Friday’s lows on the S&P. Price action today has been all over the place, with several short squeeze attempts off the backs of economic data released at 10 AM. Writing calls on just about everything is the strategy that really worked out well today. All the names that we’ve been aggressively long here at Sanglucci.com for the last month or so are experience major pullbacks. Short opportunities Read more [...]


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The Patient Trader

Mid Day Trading Update – The Patient Trader

Date: 29 May 2013
Posted by: Sang Lucci
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Thus far in today’s trading session we’re looking at quite the choppy environment. During times like these it’s important to cut down your position sizes as well as your time-frames so you don’t get tossed around when the inevitable turn in sentiment comes your way. Direction biased day-traders have been taking it on the chin lately, simply because of the consolidation and lack of conviction in the broad indexes. Both bears and bulls can make their case and somehow both be right. The patient trader Read more [...]


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