http://www.stockrake.com

In the next 1-3 days there will be enough movement in the market to cause a reason to take profits. This is where the index longs will payoff and where I will be cutting back. Gained back about 1.2% in the RUT 2x. LEN overnight calls were great today with 85% and 64% gains in …

Read More

I’m not seeing anything to doubt the upness of this market. Today was nice as I got paid for buying the Jan 30,31 MS calls. I talked about this pattern that was setting up in C and mentioned the same pattern was in MS. I sold half my positions in both Jan 30 and Jan …

Read More

M (I own) AMGN ALL MTG CX TGT PCS SLB PMI PHM BZH (I own) SU CQP (bought yesterday) RDN COP KLIC (Owned earlier this year) RT (I’ve owned recently) FCH I was supposed to post this over the weekend. Some of these stocks may have popped already. Some may not have.

Read More

At least on SR it will be. Last year I went long on the 2008 slide based on some oversold indications. At that time I posted some charts that showed only a very few times the market became that oversold. It was the case of who blinked first. I blinked and now I will explain. …

Read More

I’m now back to net long due to my longs in GFI and my long portfolio of junk. I hedged my index shorts IN CASE, this market blows up into Friday. I got short based on last Friday’s overbought conditions, however, this has been incorrect so far and it looks like the market will get …

Read More