Sold the CAB calls, bought DIA puts and IWM puts. I’m up nice on IWM puts, but still down a bit in the DIA puts. I think the dow will continue to selloff though and make those profitable.
I also swapped my index funds to the short side this morning. We may have to wait till [...]

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As much as I want to own RWC, I sold it into strength this morning to preserve the 10% profit (had 18%) and went into the QID short ETF.

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Thats a big title for this post.
Seriously, todays action was, imo, a signal day. I agree with the Fast Money crew. If the market closes positive I can look to go long and if the market closes down or has some kind of big selloff that means we will get our “into October” slide. They [...]

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Watch out for what the market does at 12 when Fed Chariman Bernake makes a speech from Greenville, SC.
It may not move the markets at all.

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I don’t know if you know this, but it is something well known. Like that weak riddle?
Before the Fed Announcement there is a bullish bias in the market up until the announcement at 2:15pm. Once the announcement is made, the market makes its direction known. Or does it?
The typical trade is bullish pre-fed > fed [...]

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