Essentially I made one terrible trade which got me caught on the Thursday downdraft. Now I’m looking to get short and in fact did today in the indexes. However, it looks like there might even be the beginning of that bounce I was talking about happening yesterday. That is ok, because I will ladder into [...]

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Cashed in the CPSL trade today. Normally I’d keep this sucker running, but apparently its a trader’s market now. You are probably hearing it all over the place. Take the gains while you got em. However, this type of market is likely to break into a trending market sometime soon. At least thats my bet. [...]

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In @ 5.2, has since moved 7 pennies.
Part of the biotech sector uptrend, nice daily breakout happening today.

I contemplated between adding to CALM or buying QCOR, and since CALM is acting $hitty, this is where I went. adding to sectors that are holding up.

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For some reason this market is not selling off the way it could and the way it should if this market is tanking. Instead, to me it looks like a normal, rational, pullback, after an otherwise huge upward move.
So I still stand by my mantra, buy the weakness.
PLUG - Working pretty well, up 3% on [...]

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It may bite me in the ass, but I’m waiting to get long. Till Friday to see if either tomorrow or Friday provides a down day that will make my shorts profitable. I’m bullish intermediate term, so I’m playing a high risk, arguably, low reward trade here. However, I still have confidence that it will [...]

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I’ve been saying it for days now, that I want to buy weakness in the market for a long trade and therefore I went short with expectations of weakness to happen. That started to happen today. The RUT finished down .81% or 1.6% if your a double head. The NDX finished flat - booo.
Things that [...]

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I added to my positions in SNTS and HOGS.

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Did we get a signal today that the US dollar is ready to rally? Commodities got slobber knocked. Steel, coal, shipping stocks, ag stocks, oil and oil stocks as well as alternative energy stocks, you NAME the stock it got crushed today. However, the financials held up.
Commodities go down, dollar goes up and with the [...]

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ABAT - up 18% from this morning’s buy.
CPST - Also had a sweet day and hit a new 52 week high. Up 7.8% today and up 15% on my buy.
ABP - Up 5% today and up 18% from the buy.
AP - Up 6% from the buy point, but up 7.6% on the day. It didn’t [...]

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JOYG, CPST, DRYS, GU, EDEN, EWZ, DRQ, CAT, KOL.
Of these stocks which ones do I still own?
CPST (can’t complain about that).
EDEN (can’t complain about this one about to break out).
EWZ (bought it back yesterday, was too depressed to post yesterday about it after seeing DRYS bust 100).
So why I am upset about DRYS going above [...]

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OIL short is looking really nice and bought more EDEN today. A little fertilizer company I’ve mentioned before. Awesome product btw.
CPST also breaking upwards today to new 52 week highs. How much do I love this stock?
Sold DAR today. Love the company, but hate the way its acting today on a great upwards tape. I’ll [...]

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Bought:
EDEN - The agriculture stock you haven’t heard of yet.
Back into CPST again. It went above 3 and held.
Stayed in my index longs.
Chart reader on Fast Money profiled DRYS as a potential swing trade. StockRake readers know how much I love the stock and have been riding the recent move to breakoutdom since last month. [...]

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Long ideas:
Solars: STP, ESLR, DSTI, HOKU. As crude rises, solar should rock and roll.
ETFs: EEM, SSO, QLD - Long the market now and want to get more long.
Semis/Tech: WDC, KLAC, ONNN, TXN - Semis turning around here, there are more semis that haven’t been made that could run here.
Oil/Gas: DRQ (Which looks fookn outstanding here), [...]

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Bought:
Covered my QID short @ 53.11 for a slight loss less than 1% near the open (NDX was up early in the morning part of trading).
JOYG - March 70 calls @ 2.4
NOEC @  6.03
Sold:
DRYS - March 75 calls @ for a loss of 18%
JOYG - March 70 calls I bought this morning I flipped em [...]

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Worked:
Being long the indexes. I’ve been long for days now and today it paid off. More than 4% in the RUT and I’m RUT heavy in my index account plus 1.36% in the NDX.
SEED - Up 4%.
CPST - Had a great move today. Up 9.2% on the position.
YGE - I got ancy on my [...]

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