Had I Not Been Stopped Out Of AGQ and SLV
Posted by StockRake on September 26, 2011 in ETFs, Leveraged ETFs, Leveraged Funds, Options, Oversold
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 ...
CROX and CROCs, Not A Law Firm
Posted by StockRake on September 25, 2011 in Market Comments
This has been sitting in my draft box for awhile now, but it was inspired after reading Leigh Drogen’s experience with trading CROX and how his bias affected his ability to trade CROX on the second trend in the stock. It is so similar to my story that it inspired me to write it out ...
I’m Back To 100% Cash
Posted by StockRake on September 24, 2011 in Technical Analysis, Trades
I took profits in my inverse etfs in the premarket this morning. It was a good move as the Dow futures rallied over 120 points before the bell. I got top value out of those. I also closed my inverse index funds at the 10:45 price. I had a small give back there, but not ...
What’s Next For the Market?
Short answer: I don’t know. I took in half of all profits at the close (took some TZA off around 10:30 too). 20%+ in the TZA I took off this morning, and around 15%+ in the TZA and SQQQ I took off at the close (I also added to SQQQ in the morning when I ...
The Wedge of Death: Slicing Lower
Posted by StockRake on September 21, 2011 in Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
When I posted about getting 100% short before yesterdays close that was true. What wasn’t true is when I posted about my band breaking up today that highbrow joke was about REM’s breakup. Today was a great day and the market going down was just part of it. iCalledit.com got some VC intros today, went ...
My Band Broke Up Today
Posted by StockRake on September 21, 2011 in Market Comments
It’s official. My band broke up today. I found out just like you did when I read about it in the newspaper. MER was my life for twenty two years and this how I’m treated? It was a great ride. Lots of small gigs and we had a decent fan base, but we were starting ...
The Wedge of Death: Final Destination
Posted by StockRake on September 20, 2011 in Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
I hope you are sleeping ok because the wedge of death is stalking – All of us. Which way will we break? Is it any coincidence that the market is wedging right into this FED meeting? Introducing The WOD’s Sidekick: The Line of Torture What I did today was follow. Follow the intraday signal and ...
The Wedge of Death: Still Lives
Posted by StockRake on September 20, 2011 in Market Comments
COMPX is still trading to the upper line of, The Wedge of Death.
The Wedge of Death
Posted by StockRake on September 19, 2011 in Technical Analysis, Trades
The COMPX continues to stay within the wedge of death – ok that is a little dramatic. I sold out of my shorts at the close. I want to try and time this better. Managed to get back over 3% back in the RUT. Will look to go back heavy short soon. The monthly chart ...
Still Short But Less So
Posted by StockRake on September 18, 2011 in Trades
I am still heavy short the funds, but I cut my ETFs Friday morning. I may buy them back if we get some downside action. All signals are long though, so imo the market is definitely at a crossroads here. Looks like the futures are down right now. We’ll see if that holds. PS site ...
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