http://www.stockrake.com

I cashed out of everything this morning early, as per plan yesterday, however I have to wait till 10:45 for Rydex to clear – that was more of a loss than necessary. It looks like the market wants to wedge it up here to test the undersides of the 21 dema’s. I’m cool with that. …

Read More

I tweeted that I was cutting my shorts this morning and managed to take in 3% in the RUT and 2%+ in the NDX when the market printed its lows around the 10:45 price window. I was fearful yesterday of a bounce setup, but figured there would be further selling in the morning that would …

Read More

Things that sucked : I like to start off with the bad news. The GILD chart as of yesterday was a bullish setup, however, that chart turned bearish right off the bat with the egregious gap down. Their earnings were good, but the reaction was poor. GILD ended up bouncing on the day despite the …

Read More

Again I’ve been wrong with my bigger trade and I’ve said it nearly everyday. Today’s day trade for UWM was good for 1.9%, there was more in that trade, alot more, but I was distracted all day. What I’m looking for this week to happen is a test of the 21 d ema. In many …

Read More

Essentially I made one terrible trade which got me caught on the Thursday downdraft. Now I’m looking to get short and in fact did today in the indexes. However, it looks like there might even be the beginning of that bounce I was talking about happening yesterday. That is ok, because I will ladder into …

Read More