These three things have one thing in common. They have no bearing on short term market direction.
Its all about the US dollar. You are starting to hear about it on blogs and TV. The market is moving higher because of it. You heard it from here on August 4th. So I’m glad one of the [...]

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I laid out my trading plan last night and even last Friday. So far it was right on the money. Minor selloff into Fed meeting and now a rally post Fed. Ben Bernanke must be a fan of the Olympics because the market is rallying right into the torch ceremony. I kid. I joke. I [...]

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Today was boring. A big drop on the open followed by a big rally, then a late day big drop. Feeling exhausted yet? I didn’t do anything as far as the indexes went, but I did buy a few stocks. Next week the Federal Reserve will say their piece. To me it looks like the [...]

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At the trading close I went long the Dow with 2x etf DDM. In @ 60.70
Today an oversold signal that I use showed up today for the Dow. I took a shot at a one day trade. When the Dow turns green either Monday or Tuesday (and should close in the green) I’ll unload and [...]

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Huge drop today yielded one of the better days of the year for myself and other shorts. Many trades worked really well today. However, I would point out one poor decision of cutting my index shorts this morning because the market dropped lower and closed on its lows. One could say that I shouldn’t complain [...]

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Market flopped this morning pretty hard. NDX is spitting out 4.5% (which I’m getting none of) as I write this and RUT 2.2% for me with the SPX giving me 2.4%.
I cashed out the big money in the index longs, but still holding FXP, SRS, TWM with the smaller cash just in case the “faders [...]

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Short the NDX and RUT heavily.
Own: AP, ABP, KWK, SRS (might be selling it though based on today’s action.)
No longer have ABAT or CPST, but looking for a place to rebuy.
Bought yesterday:
SRS ultra short real estate etf.
KWK again.

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ABAT started rolling over and I got out at 5.31 locking 27% gain in two days. I’ll be back.
HXM which I really wanted to love I decided to cut my losses at -5%.
Market has cracked to new levels, and I’m happy about my short swap on the indexes.
I love SRS here. Ultra Short Real Estate [...]

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That was fast. Stopped out of KWK for 1.7% loss.
I sold my index longs and took them short. Not liking yesterdays action, not liking today’s with the charts in precarious positions.
Sold CPST locking in 14% gains. Sold all CPST positions.
ABAT is screaming today. Still have it, up 29% now in 2 days.
AP in the green [...]

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ABAT - up 18% from this morning’s buy.
CPST - Also had a sweet day and hit a new 52 week high. Up 7.8% today and up 15% on my buy.
ABP - Up 5% today and up 18% from the buy.
AP - Up 6% from the buy point, but up 7.6% on the day. It didn’t [...]

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As usual one of the stocks I’ve been stalking/owned breaks out today. I’ve been in and out of ABAT over the last month or so and before my patience gives in or another stock grabs my attention first like DAR or CPST and I let it go. Well today we get the break I was [...]

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I thought the market was going to fall off a cliff the way it sold off midday. However, it was saved. The NDX and RUT did have a nasty day today, but rallied to close in more normal fashion.
I think the very short term (1-2 days) we will get a bounce.
Typically when the volatility indexes [...]

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I went into the longs heavily this morning and markets continued higher all day closing at the highs. For a very very brief moment in time after the market gapped higher the NDX went and filled its gap and went negative for a few ticks then it was off to the races. I saw this [...]

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ACOR was fantastic. I profiled and bought it last week. The sucker popped 32% today. I sold all of my position in ACOR today. ACOR hit a new all time closing high today fwiw.

The biotech move though is not over yet.
Market dropped. I took a hit of around 2.5% on the NDX and 2% on [...]

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Today’s action was depressing until the last 20 minutes when everything bounced.
Got back into CPST, but not to the degree the last time I bought. This is more like a 1/3.
ABAT - Was garbage today until afterhours it made a new high.
Of course after I sell EWZ (yesterday) the thing rallies 3% today. I wanted [...]

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