This move is really nice today. Glad to be short and RUT heavy. Market is NOT selling off on any news that wasn’t already in the market. Not the Jobless claims or home sales or any other of that bullshit. Its because the market was short term overbought and the shorts got fluffed out from [...]

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Markets look ready to reverse for a day. I went short both my favorite indexes, the NDX and the RUT. I’ve been wrong this week, but getting out of the short yesterday at the close helped me avoid todays extra pop in the markets. I’m doubting it goes on everyday this week and I’m seeing [...]

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Sold CPSL on the pop today. Took a 11.6% gain. I’m considering getting more short here this morning. I don’t know the reason for the minor rally off the bad news, could just be typical counter trend stuff.
Still own LLNW, BRCM, and VCLK calls are up about 14% right now, considering taking it, but I [...]

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Afterhours all three of these companies reported earnings and it looks are going to cause a nice drop tomorrow morning. This is good for me since I added to my shorts. I wish I didn’t get rid of the intraday QID position today.
I forgot to mention that I dumped PWAV taking about a 1% gain [...]

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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 [...]

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The long worked again today. On my trimmed long from yesterday I added another 1.9% in the mutual funds which I’m still holding and the ETF’s of UWM and QLD were sold this morning for a variety of gains ranging from 4.5% to 7%. Loving this long trade, but what little exposure I have left [...]

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The market sure looks that way to me.

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Market moving very well right now. Financials got a wee boost from NTRS and WFC today (if you don’t know those symbols look em up because its part of your job). Oil has cracked for the time being. The action I saw in the DUG yesterday was telling. However, I did not post about it [...]

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NDX closed up .02% so .04% for the double funds….WOOT! Thats good for some gum from the penny machines at the grocery store. While the good ole RUT is well stuck in a RUT. Closed down .64% for me.
It looked like the move was going to start today, but alas a late day selloff ruined [...]

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We might be having the capitulation today. Watch for volume. Its a bad two days, but its only two days compared to anyone riding this down for the last 60 days.

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The market was all over the friggin place. Who is ready to give up and go home? Thats a good sign if you are. Up and down all day with a big rally that happened at 3:25 then a big sell off at about 3:45. When the VIX gets up to these levels the moves [...]

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I’m not panicicking or even sweating. Be calm grasshopper, be calm self.
Lets see what materializes into the close and forget this BS that is happening this morning.
The real test will be to see how the market closes on Friday.

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“It is time to recognize that the GSEs were always dependent upon government support and now we must make the implicit explicit,” said Christopher Whalen, co-founder of independent research firm Institutional Risk Analytics in Torrance, California
Read the word at Bloomberg
The futes are up big on the news which is great for my long trade.
I make [...]

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Yesterday’s analysis was on the money. Oil is up to a new record, gold is moving, market is down big, and this Friday is terrible. My leftover EWZ is going to take a hit, but oh well.
Let the market run its course today it will likely be scary. My plan is to short in the [...]

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I was mostly in EWZ and had no index longs today despite the move up. EWZ, however, produced a nice result of 3.5%, but mostly in the range of 2% for my accounts. I dumped most of it today near the close, however, I do have a small amount left over that I wasn’t fast [...]

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