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 [...]

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Bought TZA @ 73.58ish.
Like the title says going short indexes again. Most of my levels I was waiting for traded above and broke below. These need to close this way though and the day isn’t over.
851.81 spx
456/451 rut also close below 448 would be wonderful
1151.96 NDX
8451 DOW???
1472.02 compx
1482.05 compx
16.55 UWM
Random thought? Automakers won’t get bailout…Market [...]

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I bought these today. Most of these names will be unfamiliar as I owned them recently, then sold em all with egregious losses, but the time to get back in was right.
WLT
FCX
CSIQ
YGE
CALM
VLO
*I also bought GNK yesterday which I think I forgot to mention. GNK had a crazy day today. All over the place. Started out [...]

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Do you notice I’m trying to create the most capitulatory headlines I can possibly make? Well I gotta admit, this is starting to get to me. I was a hair away from capitulating today and not waiting to see if my move would materialize. I was more scared when the Dow was -200 then [...]

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Right now Dow is up 232 @ 9212. Is it possible we see Dow 10k at the end of the day? I think its possible. Remember amplitudes….

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Well sort of. I’m long from October 3rd in the leveraged mutual funds which has been well documented already, and today was a part of the massive comeback that I knew was coming. Eventually this trade will become profitable and I’m guessing by this Friday’s close or the next or the next one after that [...]

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Lets start out with the Ugly.
- Dow down 800 points at the lows of the day.
- New lows vs New highs were extremely lopsided
- VIX, VXN both made new highs.
Now the Bad.
- We didn’t see capitulatory volume.
- Market rallied way off its lows.
- I had to eat 8% loss in the NDX and 7.4% loss [...]

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Mine of course, but I’m a long holder till Friday. Bought QLD this morning.
Waiting on that coordinated effort from govt’s around the world (tapping foot rather fast now).

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I went short this morning, trying some SDS, but quickly dumped it as the market broke up to new levels. After seeing the way the market was acting, I wish I hung on, but I didn’t. Instead I threw on a larger short position in the index funds at the 10:45 window. Looking for a [...]

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With this historic day, I’m happy to say I avoided it. In fact, I profited a little bit too. Like I said on Friday, “Seriously, my year has been phenomenal already, up near 30% while the rest of the market is down -20%+. The prudent thing for me to do is cash out and wait. [...]

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That DXD trade was on the money. The Dow is down -682 right now, NDX down -8% (I’ve never seen that number before), The Rut down -11%. While everyone is getting waxed today, I’m safely in cash.
Subscribe to this blog and avoid shit like this.
Dumped DXD @ 64.84 = a very fast 3%.

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Title says it all. Picked up some DXD (small position) to make some money if we do see a print of Dow -500. In @ 62.89.

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It looks like the futures are showing a bad day tomorrow at least for the open. I’m never excited if I’m short, to see the futures down this hard. As I write, Dow futures -286, NDX futures -40, and SPX futures down -35.
Like I said, all last week, “Short the strength.” I’m currently heavily short [...]

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This morning I went into the indexes heavy adding to my Friday shorts with markets up considerably higher than where they are now (Dow +148, NDX -20, RUT +7.85, SPX +11).
Bought:
QID, SMN (tried to buy both EFU and FXP - seeing now the trades didn’t go through - damn FXP was good for 7% off [...]

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Restaurants, Homebuilders, and FRPT exploding upwards today with the general indexes.
I bought RT back this morning, FRPT I have already built a decent position in ahead of this breakout, and the homebuilders I profiled last week for you.
Picked up some SSO to added to my already overloaded longs as well.

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