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Hopefully the Fed drops the leash on this market and we can have back to back up days for the first time since 1982.
29 Oct
Posted by Sensei @ 10:04 am | categorized under: Commodity Stocks, coal stocks
The commodity stocks are rocking today.
I bought CALM, and WLT so far.
Check this list for more commodity CHEAP ASS plays
The Cajun listed a few more
28 Oct
Posted by Sensei @ 10:36 pm | categorized under: Biotech Stocks, Defense Stocks, Leveraged ETFs, Technical Analysis, Trades
While placing my vote early for the next president this morning, the market was in shitsville. Futures started up large, but by the time 10:30 rolled around, which happened to be about half way through the mother f’n 3 hour line I waited in, the market had given back a huge 300 pt move to [...]
28 Oct
Posted by Sensei @ 3:52 pm | categorized under: Leveraged ETFs, Trades
I didn’t get to post some trades made today due to a 3 hour wait at early voting. You can’t stop the bandit when he’s getting jerked by Sally Field on his way to Texarkana.
Bought SSO, QLD, and USD
QLD @ 28.19, 28.43
SSO @ 25.07 and 25.75
USD @ 15.69
This long call from 3 weeks ago now is a rough spot. Its been no bed of roses, no pleasure cruise. I consider it a challenge before the whole human race and I aint gonna lose.
Bears are pretty entrenched now as far as the negative picture is concerned and I agree with the big idea. [...]
25 Oct
Posted by Sensei @ 12:40 am | categorized under: Leveraged ETFs, Market Comments, Trades
With sentiment indicators off the chart that at any other point in time would have produced an epic short squeeze, everyone and everything I’ve read is and was predicting a crash today and/or Monday.
Everyone everywhere online is expecting this now. They are piling into shorts even here where theĀ indexes, inverse ETFs, the VIX an [...]
24 Oct
Posted by Sensei @ 3:24 pm | categorized under: Market Comments
I usually use 5 minute charts to look for break ups or downs, today the market has been reversing at every 5 min break up or down. 1 minute charts today tell the story.
I’ll post a chart later…too busy now.
24 Oct
Posted by Sensei @ 9:25 am | categorized under: Market Comments
as well as ridiculous other numbers on put/call, bullish percent, etc.
Its going to be ugly today. Dow futures down 550. This cannot and will not go on forever.
Good luck out there.
Attempting a fresh long with QLD and SSO at these lows with a tight stop. Yesterday’s low was tested and that is the premise I’m using for now. If it doesn’t work, oh well, won’t be the first or last time.
23 Oct
Posted by Sensei @ 12:14 pm | categorized under: Trades, What Sucked Today
DRYS, SOLF, CSIQ, UYM, QLD (actually sold it when the market was up large), CLF
Now the market can rally without me all the way on board.
23 Oct
Posted by Sensei @ 12:13 am | categorized under: Market Comments
Do you notice I’m trying to create the most capitulatory headlines I can possibly make? Well I gotta admit, this is starting to get to me. I was a hair away from capitulating today and not waiting to see if my move would materialize. I was more scared when the Dow was -200 then [...]
22 Oct
Posted by Sensei @ 10:54 am | categorized under: Leveraged ETFs, Market Comments, Technical Analysis
Dear VIX,
You suck. You should be roasting the people who are gleefully disrespecting your size and price. Should you ever start to work again, I will always remember this moment in time and offer a swift kick in the nuts whenever I see you on the street followed by a knee to the head.
Goodbye VIX.
Love,
StockRake
PS [...]
21 Oct
Posted by Sensei @ 9:29 pm | categorized under: Biotech Stocks, Stock Comments
I’m still waiting on the rally to materialize over the next two weeks.
Back to highs of two weeks ago. These charts are of the SPY, but the same stuff applies to anything pretty much.
Now afterhours we had several tech names pop big. VMW, BRCM, YHOO, AAPL. Will that hold or will it get sold? I [...]
21 Oct
Posted by Sensei @ 1:25 pm | categorized under: Market Comments
Part of the process of back and filling. If it goes back up in a straight line the market won’t be able to fuck over the little guy. The market’s job is to fuck someone over such as joe the plumber and this back and forth movement is going to make anyone trying to hold [...]
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