http://www.stockrake.com

I started out long PBR calls, VLO calls, DRYS, IYZ calls, CSCO calls. I unwound my IYZ call position for a small gain roughly 6% it was a little risky this trade due to the lack of volume. However, it was a near guarantee trade due to how bashed up it was.

I unwound my CSCO calls. Reason is posted in market charts. I think we are in for a 1 day down move. I want to buy the same CSCO calls on a red day. These calls were very sensitive to slightest moves of the stock and I just wanted to take it when it was there. I don’t want to get married to long trades here. Small potatoes gain, but still good. 7% in the March 22s, 5% in the March 23s, and 4% loss in March 24s. One note is the size of the position was considerably heavier in the 22s, then 23s, and 24s position was 1/10th the size of the 22s.

DRYS gained less than 1% on the overnight hold. I had high hopes for a gap up, but I’m done with the shippers, they are acting so crapily.

Based on some of these charts I’m taking a shot on the short side. I went heavy short the 2x funds, bought FAZ, SRS calls, and bought BZQ.

What looks interesting:
SWHC, RGR have held both recently and dumped them before and during the dump. Possibly setting up.

PHM interesting potential bo.

MBT and BX. These 5 stocks are based on a certain stock scan I run. I’m looking for turn ups off deep lows so you see well defined descending trendlines, and the potential for them to break is there. I’m only interested in these stocks if the market trend turns back up.

Looking at other crap too, but gotta get this post out because its 1:20 am already.