Well sort of. I’m long from October 3rd in the leveraged mutual funds which has been well documented already, and today was a part of the massive comeback that I knew was coming. Eventually this trade will become profitable and I’m guessing by this Friday’s close or the next or the next one after that [...]

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I sold my leveraged ETFs into the pop this morning taking losses in the 16-21% variety. No more SSO, QLD, UWM. All cash there. However, I still hold leveraged mutual funds and I only do that because of the timing issues. I plan to buy back these leveraged ETF’s if we get a shit storm [...]

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As I sit here and watch another challenger fall into the water on Ninja Warrior, I’m thinking about two items I need to post.
1. I wrote this afternoon that, “I’m positioned heavy in the index long mutual funds and am loaded up on QLD and EWM.” I made a typo with EWM (thats the Malaysia [...]

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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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I took an index long this afternoon on a lighter amount of money. I want to be careful. After losing everything I made yesterday in the leveraged mutual funds, that is a little bit of a wake up call for me considering yesterday was a huge day for my account. Dennis Gartman likes to say, [...]

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Instead of waiting till the close to put back on shorts I took off in a profit taking protection manner (which was smart), I decided with the RUT up nearly 3% (for 2x funds) and the NDX up 2%, I bought QID and went short with my index mutual funds heavy. Market has sold off [...]

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The long worked again today. On my trimmed long from yesterday I added another 1.9% in the mutual funds which I’m still holding and the ETF’s of UWM and QLD were sold this morning for a variety of gains ranging from 4.5% to 7%. Loving this long trade, but what little exposure I have left [...]

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I did what I said I was going to do. Went heavily long the leveraged funds for the indexes NDX and RUT. I also bought the leveraged ETF’s UWM and QLD. Outside of that I also have my ICE call options. There is going to be some sick option activity next week. This long trade [...]

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The NDX is at a major support trendline. If we hold today then we bounce next week. If we bounce today, then we bounce next week. If we selloff today and break this trendline we bounce next week.
Either way you slice it we bounce next week :).

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I haven’t mentioned all my Rydex trades here, but I’m going to take a long position today in the Dynamic OTC.

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