Nat Gas Sucks, Short The Market For 1 Day

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June 3, 2009

I tweeted that I sold PRGN, significant cut to my SJT position, and I didn’t tweet my TELOZ sell. I took losses in SJT around 4% and TELOZ I got out at 5.51 so that was about a 5% loss for me.

I bought SRS again today and dumped it on a bullshit breakdown, but it ended up being a good move as SRS actually finished negative on the day -2%.

I went short the indexes today. Short the NDX, RUT, and SPX.

A small portion of the reason I took this trade is that AAPL is severely overbought right now. High odds that AAPL trades down, that should help the NDX drop as well.

aapl

SPX lines suggest either way, but more towards leaning down.
This chart was posted a few days ago showing how the SPX looked and you can see the validity of the lines and how the trading action has been since.
http://www.stockrake.com/wp-content/uploads/2009/05/spx2-300×92.png

spxlines

Drinks are on me if market drops big in the morning.


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