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SRS Wasn’t Going To Post It, But…

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March 26, 2009

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Took Gains In Options At The Lows

Leveraged ETFs, Leveraged Funds, Trades
I sold my IWM and SPY puts for gains near the day’s lows, and trimmed some TZA and all of FAZ when the market was rallying back to even. I kept...

A Smackdown Day Is Approaching

Leveraged ETFs, Leveraged Funds, Market Comments, Technical Analysis, Trades
I was short heading into today and took half of my index shorts off at the morning window when the market was down. The market started rallying right...

This Morning Started Out Right

Leveraged ETFs, Leveraged Funds, Options, Technical Analysis, Trades
The morning started out right and tight. I woke up late about 9:45, the overnight shorts started to work and I pressed my positions with SDS calls,...

Rolled Back Into FAZ, SRS, SSO puts, TZA

Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
I rolled back into FAZ, SRS calls, DRV, SSO puts, TZA, MCO puts, and SMN today. I think I included an AIG chart to go with this. I also went short...

sunzt

I got SRS when it was 52.21 a few days ago and I'm looking for an exit point soon which will depend on my breakout signlas. The market is quite bullish now, and I'm thinking that SRS will tank like FAZ in the near-mid future. However, the IYR and SRS charts clearly show that SRS still has upside. You can clearly see the upwards channel in SRS for the last month or so. I will post this later when i get home.

BTW i am trailing stop buying in the precious metal double long (DBP i think) and own STLD at 9.13. My indicators gave me a great setup for STLD that i couldn't resist a few days ago.
sunzt

dang stopped out of srs at 52
sunzt

So i got stopped out of SRS today but am still holding STLD. I got into YGE at 6.03 today because the Chinese just basically guaranteed its future. SRS is at a great entry point if you're expecting short term market drop, but keep in mind we're still in a bullish trend.

I canceled my DBP trailing stop buy since my indicators are changing for it and i'm unsure of it's direction. Instead, i'm trailing stopping into FLR because of its chart.

DBR: http://screencast.com/t/XG4DbAhhG6

FLR: http://screencast.com/t/ARLukbneZJk

STLD: http://screencast.com/t/GtgqcU4O

SRS: http://screencast.com/t/orbluFZr
sunzt

So i got stopped out of SRS today but am still holding STLD. I got into YGE at 6.03 today because the Chinese just basically guaranteed its future. SRS is at a great entry point if you're expecting short term market drop, but keep in mind we're still in a bullish trend.

I canceled my DBP trailing stop buy since my indicators are changing for it and i'm unsure of it's direction. Instead, i'm trailing stopping into FLR because of its chart.

DBR: http://screencast.com/t/XG4DbAhhG6

FLR: http://screencast.com/t/ARLukbneZJk

STLD: http://screencast.com/t/GtgqcU4O

SRS: http://screencast.com/t/orbluFZr

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