Wild morning so far. I sold all my inverse etfs on the market gap down. A very sweet trade for 2 days worth of holding. I also trimmed back my index funds at this mornings window significantly. I am now lightly short…very lite.
TWM in @ 70.88 out @ 77.11 = 8.7%
SKF in @ 119.86 out [...]

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Goldman earnings missed, the savior of fans of Fast Money, missed. This miss is causing that extra weakness in the pre market. Buckle up son its going to get rough here.
TWM is pricing in a 4% move in the pre, as well as MZZ 3%.

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The big dollars were positioned in the SPX (9.4%), NDX (7%), and the RUT (8.4%). I’ve been heavily short for a few days and hung in there through the little fake out that happened last week. It is so important to be on the right side of days like today because if you are not [...]

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Well when I said we could get 1-2 days of up move 2 days ago, I didn’t expect as much of a move that happened today. Specifically in the SPX and NDX. The RUT, the leader when the market was rolling upwards, was up a meager .26% today or 1 point. The NDX was up [...]

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Worked:
AAPL - Continue to hold it. News out tomorrow on AAPL that they are releasing developer tools that will allow people to build apps for the iPhone. This is a big deal. Lets see if the market interprets it this way as well. Up 1.75%
AMZN - Out at 65.34 for a 3% gain.
AMAT - Continued [...]

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Bought:
DRYS March 75 calls
Sold:
JRJC @ 19.86 for loss of less than 2%
Shorted:
MZZ @ 63
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The three A’s still holding up.
AAPL, AMAT, and AMZN
Like the market, TBSI popped today, just after I sold it. Scenario continues.

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So you’re tired of always being long and want to short the market?
How do you do it without borrowing shares? Easily. You buy the appropriate vehicles long. Which is actually a bet that the market will go down. Let me explain. There are investment options that you can buy long that represent an investment that [...]

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