Right off the open my longs in FXP and ERY were winners. FXP popped 10% on the open and I dumped it. Bad move, more later. ERY up 6% and I dumped it. Bad move, more later. AAPL down in the morning and I dumped it for a 1.75% gain. This was a good move because AAPL meandered all day before selling off again. I reshorted AAPL again @ 91.36 and then panic covered @ 90.89 when the market came back from nearly down -300 on the Dow. Sell signal on AAPL is still ripe.

Now what I should have done is sell half of both FXP and ERY and let the rest ride. Next time.

However, today was another great winning day as I had gains in all of those trades above, but also got short the GDX, short QLD, bought SMN, bought FAZ. All of these sold for profits. I also shorted GDX, short UWM, bought SMN, and shorted URE around that 9:30-10:30 timeframe where I sold for losses that were very small, but then later in the day reshorted the GDX, bought SMN, and FAZ mentioned above. I never sold my QLD which I put on in the early part of the day until the market started bouncing at 3:30.

The NDX and RUT index shorts I’ve been holding for two days became profitable today with the help of a 5.6% gain in the NDX and a 6.8% gain for the RUT!

In other accounts I bought EEV and sold for 2% gain and sold SRS for a 3% loss after SRS had a pop. Moreover, I bought and sold SMN for a gain of 3.5%. I also bought and sold TZA for a 1.1% loss in another account.

At the end of the day I bought PDLI and closed out of my index shorts. PDLI and CPST are the only two stocks I own. I’m not saying a down day isn’t coming tomorrow, but I didn’t want my index funds tied up. I also could have kept my short of GDX, AAPL, QLD, and kept long the inverse funds of SMN, FXP, EEV, as there is likely going to be carry over tomorrow of today’s action.

I’m reposting this chart from the other night since the SPX faked out a 950 hit and then went down to my 904-908 target. An ideal situation for longs would be a move lower on an intraday basis below 904 and then it closes back above 904 or 908. If that happens get long as 950 is next in line to test.

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Read this

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I was position and ready for this market to test the downside target, but right out of the gate the materials, dry bulk stocks, and other sectors were strong.

I made several trades today again and came out on top in my trading account. In my index account I got hit with the NDX for a 2% loss and RUT a 4% loss. This really sucks and I may have to move this cash to something I can control intraday because I would have been out of these positions if possible.

In my trading account I took profits in anything I had long because I thought we were going down around 10:20.

“Bought:
-SRS (already short URE), SMN, Short LIZ
-Covered PAAS short
-Short and covered NEM (panicked for no reason) I would be shorting GDX, NEM, and a bunch of other miners/gold stocks here. These all moved to a buy intraday.
-I also bought SSO and UYG near the open but quickly dumped after the ISM report for very slight loss.

Sold:
CBI, CPST, DAR, CX all for double digit gains”

Then today I sold half my PALM when it popped @ 3.5 and then sold my other half @ 3.54 for gains of 10% and I will probably complain if it pops tomorrow.

I quickly reversed on the market and got rid of anything that was bearish including covering LIZ, selling SRS, etc. and bought GRT, KFN, and SRZ.

Took 15% gains in GRT and KFN on the intraday pops.

Took a 6% pop in SRZ. Had a big gain there, but let it drop a little bit and its still on a buy.

I sold everything near the close and kept my index shorts on, plus I went short AAPL, and bought ERY (the 3x bearish energy ETF), and bought FXP.

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Bought:
SRS (already short URE), SMN, Short LIZ

Covered PAAS short
Short and covered NEM (panicked for no reason) I would be shorting GDX, NEM, and a bunch of other miners/gold stocks here.

I also bought SSO and UYG near the open but quickly dumped after the ISM report for very slight loss.

Sold:
CBI, CPST, DAR, CX all for double digit gains

PALM is a popping.

SPX got to 943 at the high, but now its petering off. SO I think by Friday we get down and test that 908 level, then on Friday we pop on bad econ news.

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I’m positioned for the 904/908 test by way of short the RUT/NDX in the index funds and short a mess of stocks mentioned here. After the test, which I think will be overwith rather quickly, I think we are going to 952 or higher. Above 952 is the next range and between 952 and 1000 there is no resistance.

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Today was a wild day. I have so much confidence in my intraday signals that I’m buying and selling like crazy.

Covered my EGO short @ 6.94 for a 9% gain
Sell DXO @ 3.09 for 5% gain
REBought DXO @ 3.19
Sold CBI 10.31 for a gain of 2.1% gain
Bought SRS @ 55.39 / Sold @ 54.16
Bought TZA @ 47.57 / Sold @ 46.66
Sold Half APWR @ 4.94
Bought ALD @ 3.12
and tripled up @ 3.18 and sold half @ 3.44 for 8.8% gain and then sold the other half @ .65 for a 15.5% gain
Sold DXO @ 3.23 for a 1.2% gain (mistake as it hit 3.44).

Bought NG @ 1.67 / Sold half @ 1.8 for a gain of 7.7% / the other half @ 1.84 for a gain of 10.1%
REbought APWR @ 5.02 / Sold 5.42 for 8% gain
Bought AHT @ 1.37 / Sold @ 1.34
Bought GMO @ 1.32 / Sold @ 1.37 for a 3.7%ish gain
Bought SOLF @ 5.61 / Sold @ 5.84 for a 4% gain (had no reason to sell as it went higher)
Bought MTL @ 4.78 / Sold 4.77
Bought SPF @ 1.96 / Sold 1.94
Sold JRCC @ 18.18 for a gain of 33%, 30%
Sold YGE @ 6.74 on the morning weakness (MISTAKE again as there was no reason for the dump and I paid for it as YGE popped again!) gain of 4.6%
Bought SKF @ 106.74 / Sold @ 103.31
Sold APWR for my other accounts that were in the range of 22%-32%.
Bought FAS @ 26.16 / Sold @ 25.65
Bought CBI @ 10.94

Bought PALM @ 3.21 (new smartphone being revealed I think Thursday)
Short URE @ 5.83
Short EGO @ 7.22
Short PAAS @ 16.6

Holding CPST, DAR, CX, CBI, PALM
Short EGO, URE, PAAS

This activity was spread across 4 accounts, but most of it is from my main trading account. Alot of commission fees, but gains made those look like pennies.

I went short NDX and RUT at the close. I want to get back into APWR after the pullback tomorrow or even into Wednesday.

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Too many trades to name right now. More later.

Covered EGO though on the open below 7.

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One mistake I made was not staying in the index funds on December 31st. NDX was up huge today at 8.6%, SPX 6.2%, and RUT 2.4%. That would have been a nice sweetener on the end of a great two days.

I made a plethora of trades this morning.

I bought APWR big and then kept buying more and then selling that extra portion overall I kept a large position. My largest position relative to my other holdings.

My intraday buys and sells today were:
FTEK, TSL, and PCX. The only one out this bunch I was correct in selling was TSL. The other two I had no reason to get rid of.

My buys I still own:
Long: APWR, CBI, DXO, JRCC, CPST, YGE, DAR, and CX
Short: EGO

Even though this week was huge for me, I made quite a few mistakes. My charts are awesome and I need to follow them to a fricking T.

I’ll post more on all this later.

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Made many trades this morning.

APWR (MORE), YGE, FTEK (bought and sold), TSL (bought and sold), SOL(bought and sold), CBI (MORE), PCX( bought and sold), DXO (again)

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These past two days have been raining gold for me. Lets hope I can carry this into the new year.

I was heavily long the past two days in the index funds in addition to the reg trades.
NDX did 1.6%, SPX 2.8%, and RUT 7%. I took these funds to cash at the close.

904-908 on the SPX is a major resistance band that we hit today. We will probably pullback in the early days of 2009 and setup a break of this band which will take us to possibly SPX 984-996.

Let review the trades I still have on the table:
-JRCC 9.74% & 11.9%, BG 9.24%, APWR 0% (bought today), CBI 0% (bought more today)

Positions sold today:
X 7.5%, DRYS 13.3%, SOL 29.1% (remaining shares), SOLF 10% (remaining shares)

Positions bought and sold today that I was proud of:
EGLE 12%, GNK 10%, shorting FXP 2.3%, CNX minor gain.

Great trades that I executed poorly because I went to IKEA to buy my kids a new Toy Bin:
-Short RAX @ 5.30 - covered @ 5.41 - RAX closed @ 5.34. Now I did get a buy signal in this stock, but it immediately went to a sell around 5.51. From there RAX dropped 10%.
-Long ATPG @ 5.64 - never a sell signal, yet I set a 1% stop because I had to leave the house and it got tripped.
-Sold TNA @ 33.31 for a gain of 9.8% - A trailing stop got hit that I put on due to my absconding.
-And the creme de la creme was DXO. I bought DXO @ 2.38 as I see a sweet 30 min setup brewing and a breakout about to happen, plus my other chart is green. I’m in BABY! Then that whole IKEA thing happens and I post that I want to trim my exposure. What a douche move. I’m at IKEA checking my stocks on my BB and I first 2.61 and I’m thinking shit! This toy bin is costing me a shitload of cash here. Then that POS DXO runs up and ticks 3 bucks or 26% intraday. Oil was quiet all morning and then I saw it before it happened and I decided that toy organization was more important than this trade. In actuality it probably will save me the stress of cleaning up toys, but man I could’ve bought many a piece of furniture at IKEA with that trade.

Now the charts…..

PS Happy New Year! Lets see if I timed this right.

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I purchased DRYS at the close yesterday. This morning I jumped into EGLE, CNX, more CBI, GNK.

Sold remains of my SOL trade as well as SOLF. Gains of 33% and 12% there.

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As I sit here watching Peter Weller, aka Robocop, talk about the Roman Empire on the History Channel, I wonder why can’t the vix sell down all the way back to normal. Yeh, Robocop is a history professor when he’s not protecting Detroit in 2050 with his Desert Eagle.

Everything was one way directional this year. Oil, Ags, Solar, Commodities, Market indexes, volatility indexes, etc. Why can’t this trend continue the other way now?

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Nice gains today in the solar names, SOL, SOLF, CSIQ. Unfortunately for me, I barely got stopped out of my YGE and JASO purchases made yesterday which would have been additionally huge. This is why I hate stops. I never had a sell signal, just a stop loss that triggered and that was essentially the bottom in those stocks yesterday.

The NDX did 4.8% and RUT did 7%! Its a good thing because I need it.

X rocked today up 8% on that one. BG continues to be steady, up 5%+.The remaining JRCC positions up 5% and 3%.

-I bought DRYS near the close.
-So near the close I sold all of my CSIQ for a 5.8% gain.
-Shorted FXP
-Sold half my SOL
-Sold half my SOLF
-Bought TNA near the open and still have it.

Here are the baby solars and what they did related to some of my buy signals. I only post this to maybe prove I’m not a total shmuck.

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When I posted yesterday about buying solars (specifically baby Chinese solars), what I meant to say was I’m Watching and Buying the fucking solars today!!!!!!!!!

SOL on fizire.

Hope someone got in on that action.

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Looking for an up move to end this week.

Long RUT, NDX, SPX aside from the stocks purchased that I mentioned yesterday in the comments section.

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