One ray of light was my buy in QLD and UWM right on the opening lows. Have a 16% gain in UWM and a 5% gain in QLD. The bad news is that I’m down huge on the week in my leveraged funds. Minus being up about 22% for year as of Friday plus an [...]

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What a week! I don’t mean good either. I went long heavily on Friday and what a bad time to do that. Since then my leveraged ETFs took losses of 17-19%. My QLD calls dropped by 75%. However, I sold out today of the leveraged ETFs and am in 100% cash in that portion of [...]

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About time! However, the risk/reward was crappy and the gain matched that. Today the NDX gained .70% and the RUT did .26% whoooopeeeeeee. Overall I lost money this week attempting to short the trend. I said buy weakness and that is what I did today at the close. I’m now long the NDX and RUT [...]

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I laid out my trading plan last night and even last Friday. So far it was right on the money. Minor selloff into Fed meeting and now a rally post Fed. Ben Bernanke must be a fan of the Olympics because the market is rallying right into the torch ceremony. I kid. I joke. I [...]

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Afterhours all three of these companies reported earnings and it looks are going to cause a nice drop tomorrow morning. This is good for me since I added to my shorts. I wish I didn’t get rid of the intraday QID position today.
I forgot to mention that I dumped PWAV taking about a 1% gain [...]

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In staying with my plan I bought some morning weakness by using the free cash from yesterday and bought the SPX. An up close today will likely see me cashing in and taking profits. I expect volatility the rest of the week and then finally want to be long right before the Fed meeting.

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IO - ION Geophysical Corporation
Equity REITS (commercial) are starting to move.
HCN - An old favorite. A Healthcare REIT that had some MAJOR volume around 11-8-07 with 9.1 million shares traded. At the time the Average was  1.2 million.
PSA - Public Storage. This one looks very good at the current price level.
TCO - Taubman Centers
PFE
VRTX - [...]

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I cashed my index longs good for about 1.5% this morning. NDX up .95%x2 = 1.9%, RUT up .45%x2 = .9%
QTM and KTOS doing well today. GBT giving a little back after its 30%+ jump yesterday.

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I cashed out those index longs I said I wasn’t going to do unless I got a “gangbusters” move. Who uses that word anyways?
Bottomline is that NDX is up over 2% and the RUT is giving out 1.2% as of this posting (now market making new highs). I decided that it was good enough for [...]

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I didn’t mention it, but I cashed my SPX long from yesterday at this mornings pricing. Its looking like it was a good move right now as the SPX is 2 pts lower than the 10:45 open that Rydex uses to calculate its morning price. The Dow on the other hand is dropping like a [...]

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Being short. Cleared more than 4% on the index funds and TWM positions today. A very nice day indeed. I held onto shorts expecting more downside in the near term. The following charts demonstrate why I think so.

I don’t think many people see the falling wedge pattern developing yet. The wedge intersects somewhere late November, [...]

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