10:29 am - This is truly an eventful days

DJIA falls off by 400+ and wipe out USD 600 and now FKLI down for another 43 pts at 10.30 pm.

The ATR is 13 pts which mean stops are around 25-30 pts per contract. Too much to stomach ! Then stay out of the market until calm restored to determine the next course of action.

The uptrend will be considered broken if we have 5-6 daily bars down. It has registered 3 bars

5:26 pm - Huge selldown on FKLI as expected.

I cut my long position with a small loss and turn short today.

The Iran issues has panicked the market. I do not expect the market has breath and strength to move upward.

Watch for long and at the same time, trade smaller for short position.

5:15 pm - Trade #9 shorted at 1261 this morning.

Trail stop loss triggered at 1224.5. Profit +36.5 pts.

10:16 am - Trade #8 is stopped out at 1275.5

Loss of -3.5 pts.

1:14 pm - Trade #8 is long at 1278

Stop loss at 1270.5

9:55 pm - Trade #7 is stopped out at 1256.5

Profit +18.5 pts.

The FKLI eod chart register a doji candle. A good signal for toppish market.

12:32 noon - FKLI hit 1249

Trail stop to 1236.5

8:47 pm - Trail stop to 1295.5

MKt gap up by 10 pts. Not a good sign.

8:47 pm - Trail stop to 1295.5

MKt gap up by 10 pts. Not a good sign.

4:11 pm - Trade #6 is stopped out at 1230.5

Short covering today led to FKLI close higher.

Long position trade #7 is triggered at 1238. Stop loss at 1255.5

7:57 am - FKLI went under 50 MA, it is a short signal.

Trade #6 was shorted at 1224.0. Stop loss at 1030.5

2:50 pm - At this stage when cash market hits 2.34 billion vol

This is the stage where cash mkt may have climated and reversal is coming soon.

If going long, do small contracts only.

10:09 am - Looking for FKLI today to cross up

So far, the indicators for long is weak and it is not advisable to short either.

Wait for long position.

11:34 pm - Trade #5 is stopped out today at 1229.5

This is the biggest win so far with 4 contracts +52.5 pts per contract.

3:20 pm - Trail stop to 1125.5

8:46 pm - Trail stop loss to 1214.5

8:41 pm - FKLI Feb hits high at 1208

Current stop loss at 1198.0

12:17 pm - Rollover trade #5

Jan contract closes at 1182 and bought Feb contract at 1177.

Jan contract profit +8.5 pts.

Stop loss for Feb contract 1194.0