Posts Tagged ‘index fund’
Utilities and Gold Miners
I didn’t do a blog post yesterday, but I closed my inverse etfs around 12:30 or so/tweeted, then closed my index fund shorts at 4pm and took a minor long position in RUT and NDX. I closed that long today. I figured (see the 30min chart with buy signals) we would break the pattern of …
We Got Continuation On the Short Side
What I talked about yesterday was that continuation pattern. I cashed out of my index fund shorts as well as my TZA today. I was also long some LAMR puts, sold those early this morning for 51% gain, however, had I held another 1 1/2 hours would be up over 100%. I think tomorrow is …
It Wasn’t Easy
It wasn’t easy today, but I managed a profit. The chart below shows how I did it. The SPY chart was similar to the IWM chart all day. On a daily basis there is still overbought signals on, however, it could work itself off over time with minimal downside. The other possibility is one nice …
Despite Missing Today’s Excellent Move
Is it disheartening to have been heavily short since Friday taking in great gains, but then only to miss the largest move of the entire week (10% RUT)? Yes. My index fund account is at a yearly high, but today would have given that great boost for the year. I was especially angry considering there …
Breaking Levels In The Afterhours
I covered my FAZ and QID as well as my index fund shorts at the close and flipped some index short money to long. The reason I did that was that all levels I was looking for held up. That level was 873.29 on the SPX. So that was my reason for the flip to …

