What a week! I don’t mean good either. I went long heavily on Friday and what a bad time to do that. Since then my leveraged ETFs took losses of 17-19%. My QLD calls dropped by 75%. However, I sold out today of the leveraged ETFs and am in 100% cash in that portion of [...]

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If the market has one more big afternoon to the downside. Not only will true panic happen, but I think it will finally cause the capitulation. I’m looking at SPY and NDX calls here if that scenario materializes and the reason I sold my leveraged ETF’s, even after getting my nuts squashed by an elephant [...]

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I like seeing where visitors to StockRake have come from. I get a lot of visitors looking for double beta long etfs and inverse etfs. During this turmoil, I’ve had tremendous traffic spikes for people looking for the inverse etfs - naturally. A bottoming sign? Probably.
I particularly like looking at the map though. One recent [...]

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I sold my leveraged ETFs into the pop this morning taking losses in the 16-21% variety. No more SSO, QLD, UWM. All cash there. However, I still hold leveraged mutual funds and I only do that because of the timing issues. I plan to buy back these leveraged ETF’s if we get a shit storm [...]

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In this bizarro world, there was a coordinated global rate cut of a 1/2 point this morning. The futures were up and have sold off. European markets went negative after the news. Nikkei dropped 9.4% overnight the worst selloff since 1987. If yesterday wasn’t capitulation, today is probably going to be. It flat out sucks [...]

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I posted about my feelings and what I think has happened during these past two days here.
If anything I hope it brings some levity to the two day dismal disaster. Hey some of you may have been trading fast while I’ve been playing the swing trade. If so you are kicking my ass and congrats.
There [...]

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Panicked and apathetic yet?

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Fed buying commercial paper.
Its the Fed, the world, the PPT and they are about to rip the short’s face off.
If you didn’t cover yesterday, and you decided to go against me and these signals overnight because you thought BAC still matters to the markets. You are fatally flawed. Today’s move will likely make the Friday [...]

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Lets start out with the Ugly.
- Dow down 800 points at the lows of the day.
- New lows vs New highs were extremely lopsided
- VIX, VXN both made new highs.
Now the Bad.
- We didn’t see capitulatory volume.
- Market rallied way off its lows.
- I had to eat 8% loss in the NDX and 7.4% loss [...]

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I’m watching and waiting for tails to develop in the indexes, the VIX, and the VXN.
I like to talk as if you can already visualize the charts and that I don’t need to repost them, however, I do. I look at a million charts every night (actual number), but people love to see ‘em anyways. [...]

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Mine of course, but I’m a long holder till Friday. Bought QLD this morning.
Waiting on that coordinated effort from govt’s around the world (tapping foot rather fast now).

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As I’ve already posted that I’m long heavily. It is therapeutic to talk your book. Everyone does it because everyone is typically nervous about being wrong to some degree. During these times those feelings are heightened a smidge. A gap down open is what I need and what I want to see. It spells temporary [...]

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I bought the market today heavily. I bought UWM, QLD, and QLD October 49 calls (bought them early and I bought the strike I didn’t want). I bought the calls in a frenzy lining up other trades and realized I got the strike I didn’t want, but I’m sure its going to be fine because [...]

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I’m heavy long. More later. My setup has arrived.

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Wells Fargo has upped the bid to purchase all of Wachovia for 15 billion. Wells basically said, “I ain’t your pal, dickface,” to Citigroup.

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