http://www.stockrake.com

The time to be short was last week, which is where my accounts were positioned leading into this morning. I did make a fuck up by covering up majority of shorts yesterday at the close and covered the last of my shorts this morning. That was a mistake as today was the largest day of the last 5 and ended on the close quite nicely. However, I can’t complain it was a very good move I participated in. Being in as loaded as I was – 100% short with everything would have capped off a helluva trade if I covered it all at the close today.

I put together a couple of charts to show a pattern that happened today on the SPX. Due to this and other reasons, I went long BAC via calls, bought some GNK calls, and got caught by attempting another earnings play – FSLR, which I’ll eat my loss happily on them. I also put on a half or medium position in the 2x indexes – SPX and RUT 2x funds.

This is today’s pattern: