Are You Hot Mama?

Home / Market Comments / Are You Hot Mama?
July 16, 2008

The market sure looks that way to me.


Tags list
  • VT Castle

    Ironic I was thinking the same thing… except it’s the flames from those who crashed and burned who were long energy today!

    It’s a good time to buy up beaten down names for a quick trade/daytrade!

  • VT Castle

    Ironic I was thinking the same thing… except it’s the flames from those who crashed and burned who were long energy today!

    It’s a good time to buy up beaten down names for a quick trade/daytrade!

  • http://www.stockrake.com Sensei

    Anyone who was long energy and short the financials and is a short term trader going into today was a jackass. I mean if you owned the SKF and didn’t cover all or most on that ridiculous gap up yesterday seriously….UYG now up 13.7% today.

    Market is stair stepping up carving out support the whole way up. Very methodical and dangerous if you (not you VT, but anyone else) are still short.

  • http://www.stockrake.com Sensei

    Anyone who was long energy and short the financials and is a short term trader going into today was a jackass. I mean if you owned the SKF and didn’t cover all or most on that ridiculous gap up yesterday seriously….UYG now up 13.7% today.

    Market is stair stepping up carving out support the whole way up. Very methodical and dangerous if you (not you VT, but anyone else) are still short.

  • VT Castle

    Agreed – the ultrashorts are a little powderkeg-ish to me, but the UYG is a killer trade if you scored it.

    I nibbled on some GS tomorrow thanks to the technical heads up, but I’m just thankful I’ve got some daytrading skills leftover from early 2000 to deal w/ a schizo market.

    Love the blog – just added you to the RSS so expect a few questions from my direction.

    VT

  • VT Castle

    Agreed – the ultrashorts are a little powderkeg-ish to me, but the UYG is a killer trade if you scored it.

    I nibbled on some GS tomorrow thanks to the technical heads up, but I’m just thankful I’ve got some daytrading skills leftover from early 2000 to deal w/ a schizo market.

    Love the blog – just added you to the RSS so expect a few questions from my direction.

    VT