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This morning I reduced my shorts as planned. Actually the plan was to go to cash as noted in last night’s post, however, I reduced to 25% short and decided to keep something with the trend. The reason for my reduction is that the market was oversold and I had signals related to this condition. …

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Market is at an interesting point here. Right above the 1050 SPX line, with some oversold readings, I could see the market putting in some kind of bounce. However, the indexes are so precarious and in such a bearish posture that the bounce won’t last long and/or oversold can do a 2-4 day move. We …

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I’m still short (heavy since 8-14-10 close). Today I panicked a little bit and closed out my FXP, FAZ, and EDZ with the morning pop. I also sold VXX as well, but I didn’t tweet it. Losses were all small in FAZ, VXX, and some EDZ positions that were bought late Friday. However, I had …

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When I posted last Friday, that the market is oversold and I don’t care, I should’ve cared. It would have been a lot better for me to have waited that one day for a relief of those indications to place my shorts. However, I didn’t. Today the market acted correctly though. Since we are now …

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Came into today being short via AIG put spread, SPY put spread, EPV, and TZA. Right on the open I’m looking to to get rid of this AIG spread which was up a small amount, but by the time I was able to close it the gain was real small. AIG had a a nice …

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