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 [...]

• 1 Comment

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

Although I often make fecal related references, this is not one of them. I’m serious. BX looks like it could have a movement. A movement upwards that is. Keep it on your dar.

You know what I hate? When I’m listening to music on itunes and I’m jamming out (I never use that phrase, but its [...]

• 2 Comments

I ended going very lightly long this morning. At around 10:45 the NDX and RUT were down to 1854 and 715. Currently the NDX is up significantly from that level without the market looking like its going berserk to the upside. I’m not expecting any more serious upmove then whats happened already today. A high [...]

• 1 Comment

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

Wow the RUT was curiously strong today….my RUT short got spanked for -5.5% today while the NDX although was looking at a 3% gain this morning turned into a flat pancake by the close. A very strong move came into the close and who knows why? IMO, we didn’t move up enough last week to [...]

• 1 Comment

I did what I said I was going to do. Went heavily long the leveraged funds for the indexes NDX and RUT. I also bought the leveraged ETF’s UWM and QLD. Outside of that I also have my ICE call options. There is going to be some sick option activity next week. This long trade [...]

• 4 Comments

Today I decided to cover up and take the hit to my index trading account and walk away. Right now the volatility is creating moves that aren’t aligned with my daily and weekly timeframes. I can’t trade at Rydex comfortably right now and don’t want to risk the great profits I’ve gained so far this [...]

• 4 Comments

This post is for Friday’s trading action of March 28th, but this is being posted on March 29th.
Worked:
Not jumping in this morning as the market was up about 1-2%. I said if we gapped down or the market saw morning weakness I would be a buyer. The smart thing was not taking the trade regardless [...]

• 0 Comments

I’ve been wanting to get into GIGM for awhile now. It was on my September list of buys.
I also bought some ID and some ALKS November 20 call options for .75. I got into ALKS because I think the chart pattern on the daily, weekly, and monthly charts look good. Notice the pattern on this [...]

• 0 Comments

I bought call options in SMH today because I think the SMH might pop next week yielding some short term profit.
1. The charts.

Now the weekly SMH chart:

If we get back to the $40 highs I’ll be ecstatic, but I’m only looking for a $1 move higher for right now.
2. I noticed some decent buying in [...]

• 8 Comments