http://www.stockrake.com

The market had a major break today. Some things broke while other things are close. I’m looking for a bounce next week and will look for shorting opportunities after that. Still waiting on the telecom bounce in VZ, T, MOT. Charts show a few trades I made today. Some winners, some losers. Not bad for …

Read More

I am hoping for that the US markets will give me a reason to get out. A rollover from these prices and technicals would be a more difficult position to trade assuming we had a selloff, no reason to get out, and hold till we hit new highs. In a similar scenario if the US …

Read More

Right on the open I noticed PG catching some green and that was my cue. Now its weird right, who cares about PG. Whats the big deal? Well I’ve been scouting it as an oversold play and I planned on buying calls today, but it started moving before I could get a position on. I …

Read More

First, still long the indexes. I’m waiting for a reason not to be in that position. Minor hit today. I expected a move in the first part of this week that would allow me to get out, but after the Alcoa news it seems it will come at options expiration instead. I started out the …

Read More

I’m long staying there until I have a reason to manage that long trade. It appears it could be close at hand though. One more week maybe. The sectors that I’m seeing get some fresh heat are: Dry Bulk Shippers, Refiners, Insurance, Banks (big time), Alternative Energy, Gold/Miners, Cheap biotechs, China Internet stocks, and a …

Read More