Options and Stock Market Technical Chart Analysis for July 22, 2009 by Idan Koren

Introducing: Short-Stocks Hedge Fund
Email me if you're intrested: idan.koren@duke.edu

Today I look at three charts SPX, USO and XLF and outline a couple of strategies to stay hedged. I also give out a small outlook of what I think is going to be happening in the market very soon and later on, and the fact that I will possibly be positioning myself long over these pull backs.

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[zgreg427]

in his earlier videos he was expecting the markets to crash to 810 on S&P, we are now at 950...y would i give my money to him...

[u05ikoren]

I also said that a failure of the break of 875 will result in a rally to new highs..

[u05ikoren]

We can still see these levels.. but hey.. a loss is a loss... but if we don't go down.. you will get even more burned. My advice to you.. is to have a stop above 96.50.. so that if we break there.. you get out and start maybe buying on dips... otherwise.. you have a trailing stop that is 1-2% above where we are at.

[uckfayu]

I really appreciate the super fast advice Idan, that's very cool. I hear what your saying, and will seriously consider it. I know if it goes through one more level of resistance that it will look very bad for us shorts, I just don't know if I can sell at such a loss. We'll see and I'll let you know. Here's hoping for a major pullback tomorrow. Keep up the great work and thanks again!

[u05ikoren]

No problem, but with the best of intentions.. you can always sell at such a loss, because the profit to the upside might also be worth 40%..

[Athenaikos]

You expect an overbought market to go even higher? Perhaps after the second half of August.

[u05ikoren]

I expect a pull back.. if the pull back is on light volume.. yes this market can still go higher... if the pull back is on incredibly strong volume than there is still a possibility of new short term lows before moving higher.

[cosmicguerilla1]

yes i agree a small pulback , if that,as the feds and gs are pumping the markets up , 1000 no probs on da s n p

great vid , cheers !

[uckfayu]

Great video as always Idan. I really need your advice. I own 3 short stocks, TZA, FAZ, and EEV, & I'm 35-40% down on all of them. I absolutely can't & won't take that size loss. I need to see near 800 on the S&P and 7900 on the Dow to pull even. People around me feel we won't see those ;levels again for a long long time, & that if I see somewhere close to those levels I should jump out even if its taking a 20-25% loss. If you believe we'll see those levels in the next 2-3 months I'll hold tight