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 [...]

• Comments

Well the shorts worked out great today. The RUT was good for 7%, and the NDX was for 4.7%. I like to eat whoppers and we got one in the market today.
Yesterday I posted about selling out of the ETF’s, I didn’t exactly sell everything. I had a small QID position as well as a [...]

• Comments

A smattering of trades today….
Looks like it was a good move to drop the DDM when I did.
HYGS was the trade of the day getting 28% on the move. Immediately out of the gate it was a race between CNEH and HYGS to see who would be up more by the close. CNEH was rocketing, [...]

• Comments

Yesterday I said, “Looking to buy weakness today, but not this morning. Waiting to see if we end weaker at the close with kind of a blow down. If we do, I’m back in heavy.”
This morning the market is up quite nicely right out of the gate on a strong retail number and some news [...]

• Comments

Worked:
Being short. “I swapped lightly to the short side today looking for more selling into Monday morning where I’ll look to either flip or cut.” Well I didn’t cut or flip Monday morning, but that was the trade. Instead I held onto my short and closed it at the eod for a 3% gain in [...]

• Comments

BSC gets taken out for $2 a share today by JP Morgan and the Fed takes on the debt.
LEH and MER down hard premarket, while JPM up 1% because they are benefitting from this deal.
The Fed also cut the emergency lending rate to 3.25% and opened up the window to Investment banks as well.
Market futures [...]

• Comments

Being long. The indexes put in a decent day today. I got a little more on my index trades.
AAPL - Selling those Feb 130s for a 12.5% gain.
FRPT - Good trade, it looks like there is more room up. 5.7% gain.
I rebought AAPL calls, but this time the Feb 135s @ 4.05
People have been [...]

• Comments

Being long. Yes the morning open basically wiped away all of yesterday’s action, and then todays selloff definitely sucked, but a profit is a profit. Today I made back 1.4% in the RUT and 1.7% in the NDX. So aside from yesterdays drop, today would be a nice day. I’m still long the indexes and [...]

• Comments