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Right off the open my longs in FXP and ERY were winners. FXP popped 10% on the open and I dumped it. Bad move, more later. ERY up 6% and I dumped it. Bad move, more later. AAPL down in the morning and I dumped it for a 1.75% gain. This was a good move because AAPL meandered all day before selling off again. I reshorted AAPL again @ 91.36 and then panic covered @ 90.89 when the market came back from nearly down -300 on the Dow. Sell signal on AAPL is still ripe.

Now what I should have done is sell half of both FXP and ERY and let the rest ride. Next time.

However, today was another great winning day as I had gains in all of those trades above, but also got short the GDX, short QLD, bought SMN, bought FAZ. All of these sold for profits. I also shorted GDX, short UWM, bought SMN, and shorted URE around that 9:30-10:30 timeframe where I sold for losses that were very small, but then later in the day reshorted the GDX, bought SMN, and FAZ mentioned above. I never sold my QLD which I put on in the early part of the day until the market started bouncing at 3:30.

The NDX and RUT index shorts I’ve been holding for two days became profitable today with the help of a 5.6% gain in the NDX and a 6.8% gain for the RUT!

In other accounts I bought EEV and sold for 2% gain and sold SRS for a 3% loss after SRS had a pop. Moreover, I bought and sold SMN for a gain of 3.5%. I also bought and sold TZA for a 1.1% loss in another account.

At the end of the day I bought PDLI and closed out of my index shorts. PDLI and CPST are the only two stocks I own. I’m not saying a down day isn’t coming tomorrow, but I didn’t want my index funds tied up. I also could have kept my short of GDX, AAPL, QLD, and kept long the inverse funds of SMN, FXP, EEV, as there is likely going to be carry over tomorrow of today’s action.

I’m reposting this chart from the other night since the SPX faked out a 950 hit and then went down to my 904-908 target. An ideal situation for longs would be a move lower on an intraday basis below 904 and then it closes back above 904 or 908. If that happens get long as 950 is next in line to test.

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