I’m long the indexes and they are doing well today. Dow has hit +200 on the day. Double funds and leveraged ETF’s are doing well.
FRPT bought yesterday is having a minor breakout today. I’m expecting considerably more upside.
QCOR still performing.
MRVL bouncing.
Bought:
BBY - Charts look good.
I’m looking at CAKE, CPKI, RT, CPST again, CWTR, VIFL, UYG [...]

• 0 Comments

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. [...]

• 0 Comments

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 [...]

• 0 Comments

This chart was posted yesterday after the big DAILY down move in the market.

This is how the same chart looks today.

Good call?
What sucked:
EJ not working I had to dump it for a 3.9%ish loss. ABAT which I thankfully got rid of yesterday for a loss as well around 5% or so.
What worked:
Amazing market [...]

• 3 Comments

Search RTK posts.

• 3 Comments

I don’t like the way its looking for RTK today. It appears people are fading its high gap today. I sold the rest @ 2.5 for a 33% gain on that piece.

• 0 Comments

I’m in the middle of writing up a post on the restaurant stocks and RTK is cracking from its highs. Before I started I decided to sell half my position at 2.72 for a gain of 45%. Lucky move so far right at the top. I’m letting the other half run for now, but if [...]

• 0 Comments

I may or may not nibble on some longs. I’m having a slight change of heart only because yesterday was such a good day why ruin it with a forced trade right? Maybe wait till the close to be a buyer. I’m looking for a low range / high consolidation day today (open and close [...]

• 0 Comments

On June 19th James Swiatek questioned my sell in CPST. A stock I caught the whole way up made a lot of money off of it and then abruptly got out of it, never to return since. You haven’t seen me mention CPST or DAR two stocks I loved. Other than my brief shorting attempt [...]

• 0 Comments

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 [...]

• 2 Comments

Well on the week to week basis we got the rebound I was expecting.
On a week over week basis, the RUT gained 19 points, and the SPX gained 21 points. However, things like the UYG did 14.6%. So certain items this week exploded while others were just good.
I flipped to a small index SHORT position [...]

• 1 Comment

A smattering of trades today….
Looks like it was a good move to drop the DDM when I did.
HYGS was the trade of the day getting 28% on the move. Immediately out of the gate it was a race between CNEH and HYGS to see who would be up more by the close. CNEH was rocketing, [...]

• 0 Comments

Out of HYGS at 1.88 for 24% gain.
I will revisit HYGS again I’m sure.
Sold my DDM this morning for very little gain. I also sold TBSI when it was down earlier and took a small gain of 1.8% <– that was a dumb mistake.

• 0 Comments

In 1.52

• 0 Comments

As I said in an earlier post, the market basically got TKO’d right at the opening bell.
So the market broke the 12000 zone and the SPX broke 1330 and that was my cue. I thought the market would go up today due to yesterday being up and bouncing at key levels. Not the case. So [...]

• 3 Comments