Nasdaq
Nasdaq Divergence
Don’t know how long it will be good for, but its there. We may have spent the juice on yesterdays big day, but we’ll see and know soon.
SPX Trendline Support and Resistance
SPX is right around some major inflection point, but both the RUT, and the COMPX have considerable upside room which makes me think we are going to see the SPX break this trendline to the upside. After the break I think it will selloff to test the line causing a break even for the week …
Made Some Cash Today By Being Short
I posted about being in the inverse etfs FXP and SDS, but I didn’t post that I took medium sized short trade at the Rydex 10:45 window in the inverse spx, inverse ndx, and inverse rut funds. It was an ultra risky play considering the NDX was already down 6% at that time. I was …
Piled Onto The Friday Afternoon Short Trade
This morning I went into the indexes heavy adding to my Friday shorts with markets up considerably higher than where they are now (Dow +148, NDX -20, RUT +7.85, SPX +11). Bought: QID, SMN (tried to buy both EFU and FXP – seeing now the trades didn’t go through – damn FXP was good for …
Weekly Recap
This chart was posted yesterday after the big DAILY down move in the market. This is how the same chart looks today. Good call? What sucked: EJ not working I had to dump it for a 3.9%ish loss. ABAT which I thankfully got rid of yesterday for a loss as well around 5% or so. …
