Well sort of. I’m long from October 3rd in the leveraged mutual funds which has been well documented already, and today was a part of the massive comeback that I knew was coming. Eventually this trade will become profitable and I’m guessing by this Friday’s close or the next or the next one after that [...]

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In UYG @ 9.81
Those fresh UWM and QLD purchases are kicking arse today.

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One ray of light was my buy in QLD and UWM right on the opening lows. Have a 16% gain in UWM and a 5% gain in QLD. The bad news is that I’m down huge on the week in my leveraged funds. Minus being up about 22% for year as of Friday plus an [...]

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QLD @ 31.73
UWM @ 21.47
and listening to Mad Season, “I Don’t Know Anything”
Lets Roll.

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I’m putting that trading account money to work on a gap down tomorrow and it looks like that is happening due to another slaughter in the Asian markets. I think the Lehman CDS auctions tomorrow are important and that uncertainty will be gone from the market around lunch time. Today was the washout and tomorrow [...]

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I like seeing where visitors to StockRake have come from. I get a lot of visitors looking for double beta long etfs and inverse etfs. During this turmoil, I’ve had tremendous traffic spikes for people looking for the inverse etfs - naturally. A bottoming sign? Probably.
I particularly like looking at the map though. One recent [...]

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I sold my leveraged ETFs into the pop this morning taking losses in the 16-21% variety. No more SSO, QLD, UWM. All cash there. However, I still hold leveraged mutual funds and I only do that because of the timing issues. I plan to buy back these leveraged ETF’s if we get a shit storm [...]

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In this bizarro world, there was a coordinated global rate cut of a 1/2 point this morning. The futures were up and have sold off. European markets went negative after the news. Nikkei dropped 9.4% overnight the worst selloff since 1987. If yesterday wasn’t capitulation, today is probably going to be. It flat out sucks [...]

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I posted about my feelings and what I think has happened during these past two days here.
If anything I hope it brings some levity to the two day dismal disaster. Hey some of you may have been trading fast while I’ve been playing the swing trade. If so you are kicking my ass and congrats.
There [...]

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Lets start out with the Ugly.
- Dow down 800 points at the lows of the day.
- New lows vs New highs were extremely lopsided
- VIX, VXN both made new highs.
Now the Bad.
- We didn’t see capitulatory volume.
- Market rallied way off its lows.
- I had to eat 8% loss in the NDX and 7.4% loss [...]

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Mine of course, but I’m a long holder till Friday. Bought QLD this morning.
Waiting on that coordinated effort from govt’s around the world (tapping foot rather fast now).

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I bought the market today heavily. I bought UWM, QLD, and QLD October 49 calls (bought them early and I bought the strike I didn’t want). I bought the calls in a frenzy lining up other trades and realized I got the strike I didn’t want, but I’m sure its going to be fine because [...]

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I posted about being in the inverse etfs FXP and SDS, but I didn’t post that I took medium sized short trade at the Rydex 10:45 window in the inverse spx, inverse ndx, and inverse rut funds. It was an ultra risky play considering the NDX was already down 6% at that time. I was [...]

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Bought FXP @ 95.61
and SDS @ 72.34
In case you don’t know, these are inverse etf’s.

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I took my index long off this morning. Its going to be another loss, but this position was even smaller than the last, so not much damage at all. Bought a fresh piece of BWLD @ 40.94. I rolled my index long over to the double dollar fund: RYSBX
This is the Rydex version of UUP. [...]

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