Market broke upward on the daily charts, which is really leading the weeklies to a turn. Many indicators are also turning, however, these big up moves that turn indicators in-conjunction this late to the party, often spells whipsaw. I went to cash today, this morning in the index funds. Lost some money today due to [...]

• View Comments

I came into today 50% long in my Rydex account and one select long with JCP calls. JCP looked good right out of the gate and I then went into TNA and LVS calls. The market started out with this lame up move, but LVS calls were ripping. I didn’t take the gains. I ended [...]

• View Comments

I was short heading into today and took half of my index shorts off at the morning window when the market was down. The market started rallying right off the lows. That was a decent gain, however, the late day rally on the half I left on, washed that out. I put that cash to [...]

• View Comments

The morning started out right and tight. I woke up late about 9:45, the overnight shorts started to work and I pressed my positions with SDS calls, SSO puts, IWM puts, TZA, and DTO/USO puts. Everything except the crude shorts were profitable when I cashed out around 10:30ish (BZQ, FAZ, etc). The crude related shorts [...]

• View Comments

Today was a good day. Not in TM anymore, will buy it back. Kept my longs in NDX, SPX, RUT. Sold all BAC and UYG this morning and then rebought BAC Nov 17.5s. UNH was the only dud and I sold it in a panic this morning. It was actually the right thing to do. [...]

• View Comments

Two of my best trades today were S – Sprint and DRYS. I’ve been long Oct 4 calls (sold most of my exposure in these today for gains of 100% and 87%), Jan 7.5 calls (are only break even now, but S catches more bid activity these should too), and even had Sep 4 calls [...]

• View Comments

I’m short with EEV, SDS, SRS, and heavily short via long inverse 2x SPX fund and medium 2x RUT. Made 1.6% in the SPX and 1% in the RUT. I’m avoiding the COMPX/NDX until I get some sell signals there. I need more proof if this market is going to go down before going up. [...]

• View Comments