http://www.stockrake.com

Let me start out by saying today did not go the way I thought it would. SPX broke 904 area and broke and closed below 21d emas. So now this market is at a decision point. Is the SPX going to rally and close back above the 904 level or will go down and test …

Read More

So here I provided a graphic that is the same as the one I’ve been posting the past few days. The blue line got tested, and we closed above it. Be long unless we get an SPX close below that. This also means the odds favor a SPX test of 950 now since the market …

Read More

Right off the open my longs in FXP and ERY were winners. FXP popped 10% on the open and I dumped it. Bad move, more later. ERY up 6% and I dumped it. Bad move, more later. AAPL down in the morning and I dumped it for a 1.75% gain. This was a good move …

Read More

I was position and ready for this market to test the downside target, but right out of the gate the materials, dry bulk stocks, and other sectors were strong. I made several trades today again and came out on top in my trading account. In my index account I got hit with the NDX for …

Read More

Bought: SRS (already short URE), SMN, Short LIZ Covered PAAS short Short and covered NEM (panicked for no reason) I would be shorting GDX, NEM, and a bunch of other miners/gold stocks here. I also bought SSO and UYG near the open but quickly dumped after the ISM report for very slight loss. Sold: CBI, …

Read More