The market popped huge and the whole move was done by 10am. Then the selling began. Like a fool or at least I feel that way right now, I thought it was the breakout I was waiting for. In fact, it turned into yet another head fake. However, this round the picture changed on a [...]

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I’m likely putting on a short for the index funds eod. I’m short TWM right now @ 71.35.
Dry Shippers look great today for the start of a new upswing. DRYS and GNK look good.
*Don’t want to leave out TBSI and EXM.
AMZN looks like crap on the daily and weekly timeframes and good on 5minute time [...]

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Dropped the UYG near the open for a gain.
Sold the AMZN puts for a 8% gain. I sold AMZN did its final down move for the day. That sucked, but happy about making something on them. These puts were not a good value because once they went in the money and went beyond that price, [...]

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Sold UYG this morning for 2%.
Shorted AMZN via puts the July 72.5’s which just went in the money as I type.
Bought long ONNN this morning.
I cut the remaining index longs I had leftover from yesterday to cash this morning. So far so good.

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I noticed the three shorts from this recent stock list are doing well since. Its a mixed bag for some of the others. Obviously HYGS is doing well. I sold it early!!! Shocker. HYGS up another 28% today. CNEH up another 4%, GBN moving up 3%+, CELG up 4% << something is up there.
The ones [...]

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Its 12am do you know where your stock list is?
Looks good now:
CELG, SNG, CNEH, GTE, BCON (this sucker did break 2.10!), RNN, GBN, TBSI (I’m long of now), DRYS, HYGS
Looks good on a little more up/high volume breakout:
RDC, RDS.A, TGB (on the copper movement)
Short trades (wait for a bounce in all):
AMZN, PCLN, BBY, there are [...]

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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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In ZQNSC @ .86
Out ZQNSC @ 1.19
38% sayonara.

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Shorting AMZN @ 74.5 via July 67.5 puts.
I knew I dumped my inverse etfs and my ABX calls waaaaaay too early. Its typical. 200% now in those ABX calls…F$C%!

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Worked:
AAPL - Continue to hold it. News out tomorrow on AAPL that they are releasing developer tools that will allow people to build apps for the iPhone. This is a big deal. Lets see if the market interprets it this way as well. Up 1.75%
AMZN - Out at 65.34 for a 3% gain.
AMAT - Continued [...]

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Bought:
DRYS March 75 calls
Sold:
JRJC @ 19.86 for loss of less than 2%
Shorted:
MZZ @ 63
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The three A’s still holding up.
AAPL, AMAT, and AMZN
Like the market, TBSI popped today, just after I sold it. Scenario continues.

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Worked:
3 stocks that begin with the letter A
Bought AMZN @ 63.27 up 3.2% now. Big volume started coming around midday. I jumped in immediately. I had 5%+ in my pocket, but left the trade on and went to lunch when I came back AMZN was around the 4% mark and just hovered. I kept it [...]

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Being long the RUT. That sucked. The RUT ended down about 1% for the 2x leveraged funds, while the other indexes closed higher on the day. Taking my NDX portion to cash yesterday. That sucked too. The gain in the NDX would have offset the RUT loss a little bit.
What worked…
ICTL - It looks like [...]

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Short Candidates
I saw on Fast Money they mentioned MA, Master Card as a short tonight. I agree. It came across my short screen.
JWN - Rolling over. I hate retail this month and so should you.
JCP - If 76 is taken out to the downside, JCP could see another 4-8 dollar haircut beyond that.
RTH - Looks [...]

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I’ve been an owner of TIVO and a seller. I personally own 3 Tivos and watch alot of TV. That said, Wall Street has been banking on other companies coming in and stealing market share from TiVO for years and it hasn’t happened. Wall Street also expected brand dilution, but their brand has only seen [...]

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