Market Going To Finish Up or Down?

Home / Trades / Market Going To Finish Up or Down?
July 1, 2008

I noticed the three shorts from this recent stock list are doing well since. Its a mixed bag for some of the others. Obviously HYGS is doing well. I sold it early!!! Shocker. HYGS up another 28% today. CNEH up another 4%, GBN moving up 3%+, CELG up 4% << something is up there.

The ones not doing good are RNN and TGB.

I bought the market this morning and went long with the NDX. I’m looking for an up close, but I may not get it. I only went long the NDX with the index funds and bought some UYG on the basis that its ready for a desperate bounce.

I’ve learned though I would be much happier if I just shorted, AMZN, PCLN, and BBY when I posted about it though.

The VIX and VXN have reached outside two standard deviations and with new quarter window dressing, I expect a bounce sometime this week — maybe today? :) After that bounce is over. Its short time again.




Related Posts

Leading Stocks Are Signaling A Pullback
Leveraged Funds, Options, Technical Analysis, Trades
Disclosure: I&#8217;m short. Rather heavy so read this post knowing my bias. I&#8217;ll be short for a very short period of time. The leading stocks...
What This Market Needs Is More Cowbell
Technical Analysis
This market really needs more pullback and if you want to add in some cowbell feel free. The pullback in this market may come next week and not...
Some Realtime Chart Signals
Chart Fest, Technical Analysis
Enjoy the profits.
These Charts Can Suck It
Market Comments
So the market is down right now, but really it looks worse than it is. The Dow and SPX have pulled back, but the NAS and RUT have not. Its pretty...

  • 13th_Floor

    RNN turned out to be a great short.
    Has fallen from 3.95 to 3.03 in 2 days.
    I love doping out scams,schemes and frauds and this one is all 3.
    Posted this on Sykes site:

    Mike_13th

    June 29th, 2008 at 6:54 pm

    RNN looks like a ss&f.

    Symbol change,”new” twist on a drug,got a pump email on it….yehaa pump it baby,it’s shortable on IB too!!

  • 13th_Floor

    RNN turned out to be a great short.
    Has fallen from 3.95 to 3.03 in 2 days.
    I love doping out scams,schemes and frauds and this one is all 3.
    Posted this on Sykes site:

    Mike_13th

    June 29th, 2008 at 6:54 pm

    RNN looks like a ss&f.

    Symbol change,”new” twist on a drug,got a pump email on it….yehaa pump it baby,it’s shortable on IB too!!

  • http://www.stockrake.com Sensei

    Oh on Jun 29th? I guess the day I ran the filter a few days late. You know how the stocks will show up all week long on some filters?

    RNN was a sweet setup I see on the 5min chart. I never think to turn on those stocks like M and L started doing this year. I’m still ticked about not getting filled on CNEH…

  • http://www.stockrake.com Sensei

    Oh on Jun 29th? I guess the day I ran the filter a few days late. You know how the stocks will show up all week long on some filters?

    RNN was a sweet setup I see on the 5min chart. I never think to turn on those stocks like M and L started doing this year. I’m still ticked about not getting filled on CNEH…

  • Pingback: Biotech Breakout | Trading the stock market everyday