Market Has A Little Room To The Upside

Home / Leveraged ETFs / Market Has A Little Room To The Upside
June 16, 2010

Didn’t get to post yesterday, but I went to cash. Today I played FAS with some success then gave back the profits by the close with that late whipsaw.

I went long the 2x NDX and SPX at the close, with about a 30-20 split towards the NDX on my 50% long trade in the funds.

Like I’ve been saying and waiting for the market to move higher shift everyone’s thinking, then it will be time to short again. Its still not there yet. We need some more up movement. It might not all come this week either. Probably spills over into next week a bit.

Until the market develops a little more, I’m keeping my positions small. Summer is worst time of the year typically for swings and is where the most whipsaws occur.


Tags list


Related Posts

We Got The Bounce I’ve Been Playing For, What Now?
Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
A really nice move today. Did I know this up day was coming? Yes I did. It was in the charts and indicators. The only accolades for calling it are in...
Long Again The $RUT
Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
I was heavy long from Friday coming into today. I sold everything at and before the morning window at Rydex which is 10:45. I took in gains of near...
100% Short, 30% Nervous About It
Leveraged ETFs, Leveraged Funds
If you watch the market closely you know the market is at a critical point. I’m trying to focus beyond the short term here though. If I step...
FAS Trade and Other Crap I Forgot In Last Post
coal stocks, dry bulk shipping stocks, Market Comments, Oil Stocks, Options, Solar Stocks, Stock Market Charts, Technical Analysis, Trades
The other thing I did was cut my index longs back from 100% to 50%. Today was a good/great day, no need to risk anything. However, I do think we move...