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80% Chance Of Showers and Down Move
Without posting proof of such a claim, I don’t feel like posting a screenshot, but the COMPX is overbought here. More than not, alot more, we will see a pullback in the market over the next 5 days. It tends to come quickly when it does. I’m short via 2x NDX and RUT funds, bought …
Finding A Technical Co Founder, It Ain’t Easy
So I’ve been working on my startup, iCalledit.com, for roughly 10 months. We bootstrapped and hired different programmers at different times. One got poached from us and moved to California for Y-Combinator and got funded. Very cool. Trying to convince and find a programmer to join your startup is extremely difficult. In south Florida, its …
Posted by StockRake on November 8, 2011 in Leveraged ETFs, Leveraged Funds, Market Comments, Options, Technical Analysis, Trades
Smart Trade This Morning
I sold my trading positions this morning and kept the funds on. Had limited access to my computer except for the important parts of the day. At the close I stayed long the 2x funds, rebought QQQ calls, IWM calls, FAS, FAS calls. I’m not seeing any overbought signs at the close which basically means …
Posted by StockRake on October 9, 2011 in Leveraged ETFs, Leveraged Funds, Options, Technical Analysis, Trades
Sunday Position Update and Thoughts
Current positions are: 100% short via the inverse RUT and NDX funds SQQQ, DRV, and some puts in GMCR (untweeted) Everything is not perfect for a down move here. However, I think its going to move that way. I know looking at the charts I would take this trade all day, but of course it …
Posted by StockRake on September 26, 2011 in ETFs, Leveraged ETFs, Leveraged Funds, Options, Oversold
Had I Not Been Stopped Out Of AGQ and SLV
I bought SLV calls and AGQ close the open after I saw some traders posting about it. AGQ/SLV is on my severe oversold list and when I see the “red to green” traders like @investorslive and @sqwii talking about it I was reminded of that trade setup. Red to green is excellent when you have …
Recent Posts
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Trading Movies 16 Jan 2012
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80% Chance Of Showers and Down Move 12 Jan 2012
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Finding A Technical Co Founder, It Ain’t Easy 10 Jan 2012
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Two Positions and Waiting 05 Jan 2012
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My 2011 Year End Review Infograph 25 Dec 2011