Indexes rallied today giving me 2.6% in the RUT and 1.5% in the NDX. That was nice, but we really haven’t made much progress to the upside yet. I say yet, because its possible that is coming in the next few weeks. Or I’m incorrect and I’ll eat my words.

During these past two weeks of malaise trend traders haven’t really had much to trend off. In fact, everything that rips dips, and vice versa. I think Quint Tatro said it best tonight, (I’m paraphrasing) that if your churning your capital right now, more importantly you could be using up your emotional capital and that will affect you from really jumping on the move when it gets rolling. In the past, I think this is what has bitten me in the ass. This time around though I’ve held through good and bad as long as my stuff says to stay long or short. During this same market trading time frames for stocks have had to be shortened. CALM, CPSL, RTK, etc.

SOLF – Stupid forced trade yesterday. Shouldn’t have taken it, but I ate my loss this afternoon. I waited to see if it would bounce. It didn’t and I took a 9.3% loss from yesterday – SUCKS.

Bought FRPT – Giving it another shot.

QCOR still hanging in there up some $, leveraged etfs UWM and QLD the combined trade between the two is breakeven, MRVL still have it – still have a 9% loss in it.

BTW DELL looks good tomorrow, but I called it back here.

Thanks for reading

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