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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Since I went to 100% cash yesterday, I missed this morning swell. It would have sucked giving back 5% in the RUT and another 3% in the NDX, but it didn’t happen and gains are preserved. The best trade today might be at the close so I’m sitting tight and waiting to buy. I will [...]

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So I see on maddmoney.net, that Cramer mentioned Restaurant stocks last night specifically DRI (Darden Restaurants). How about a hat tip once in awhile Jimmy (or just once will do)? Cramer is like the Oprah of stock trading.
My favorite has been RT, Ruby Tuesday through this whole climb. In fact, I’m considering buying some today, [...]

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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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I got hit today by a UPS truck turning left. Losing 6%+ in the RUT and NDX. That bit.
Still holding VLO, FRPT (holding a 4% gain) and some NDX looking for a bounce 1-2 day bounce. After that I’m going short.
I bought NTWK today. I sold RT and BBY today for breakeven.
The Ship has changed [...]

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Basically everything I said in my last two posts holds true still for me. I cut my longs this morning completely in the indexes and got out with a “daily profit”, however, it was loss overall. I rebought the indexes and am looking for something else to sell into tomorrow.
Stocks that worked great today for [...]

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No more index longs, no long etf’s, no AMZN. Its all in cash. Sold out this morning. At the morning Rydex window the Rut was up more than 1.2% and NDX was flat. So basically earned some cash back off this bad long trade I’ve been sitting in.
Stocks I still own though and all are [...]

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The market popped huge and the whole move was done by 10am. Then the selling began. Like a fool or at least I feel that way right now, I thought it was the breakout I was waiting for. In fact, it turned into yet another head fake. However, this round the picture changed on a [...]

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Restaurants, Homebuilders, and FRPT exploding upwards today with the general indexes.
I bought RT back this morning, FRPT I have already built a decent position in ahead of this breakout, and the homebuilders I profiled last week for you.
Picked up some SSO to added to my already overloaded longs as well.

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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 [...]

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Sold RT for a loss of 6.3%. The market is crushing any sector that turned up.

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What have I been saying for 2 weeks?
Hint:
B _ _ _ h _ W _ a _ n _ s s!
What caused the rally today? Was it Buffett this morning? Was it Bernanke? Was it bullshit? Yes the answer is bullshit, because neither of the two stories the financial [...]

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Well the indexes continued to move higher and significantly so today for my two favorites - the NDX and RUT. 1.5% for NDX and 4.5% for the RUT. The RUT / small caps continue to exhibit strength over other indexes. I didn’t participate in it though today because I thought we might selloff. Wrong.
The things [...]

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I sold my RT and CAKE today into the strength.
Captured gains of 10.1% in RT and 8.1% in CAKE in 3 days. I’m probably early, I always am.
However, I’m not abandoning the sector. I want to buy into it on weakness. A similar pattern can be followed with biotech and the meat sector with stocks [...]

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I dumped LLNW @ 4.35 for 4% which I rebought on Friday near the close with the intention to sell into this morning. Because of the gap up I took the gain.
RT is up 11% from the buy a few days ago.
CAKE is up 8%+ right now.
Picks I didn’t buy, but vehemently said to buy, [...]

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