About time! However, the risk/reward was crappy and the gain matched that. Today the NDX gained .70% and the RUT did .26% whoooopeeeeeee. Overall I lost money this week attempting to short the trend. I said buy weakness and that is what I did today at the close. I’m now long the NDX and RUT via the leveraged funds and because many people read these posts and don’t look backwards, check this because I was long heavily all last week.

This is what I’m thinking in graphical form:

I also bought CPSL and FRPT as spec firework type plays for next week. CPSL actually sold off after I made my trade and in the end didn’t qualify at the close for certain parameters I was looking for, but I’ll see what happens next week. SPWR was on that list before the pop today.

Here are few others that are on the quick hit list:
PMI, CBRX, BZH, PLNR, RDN, ACCP, SWTX, OWW, MRCY, VC, FRPT, CTB, CEGE, JOSB, SNG, LOCM, VSCI

So I’m long NDX and RUT as well as some stocks.

I also made two intraday short trades with QID. One making money fading the morning surge which ended up being good for more than 1%. Then I bought QID again, but that trade lost less than 1%. The market acted very strange today.

These are swing trades:
CALM - Hit a new all time high today. Up 4%
MATK - After a big pb today its now down less than 1%.

I will be buying stocks and double etf’s aggressively on any weakness early next week. Some stocks might come from the watchlist on the side.

Some other swing trades I’m considering:
DELL (which I mentioned back here), PFE, PPH which is now 2 bucks higher, SBUX, MRVL, CSCO, RIMM, RT, CAKE, CPKI, and more.

Question about the MRVL cup and handle here. What is it going to take to make it official.

Tags: ACCP, buying stocks, bzh, calm, cbrx, CEGE, cpsl, CTB, frpt, JOSB, Leveraged Funds, locm, matk, MRCY, OWW, PLNR, pmi, QID, RDN, sng, SPWR, swing trades, SWTX, VC, vsci