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.

Thanks for reading

Want to know when I post again? Subscribe to the StockRake feed: .