It may bite me in the ass, but I’m waiting to get long. Till Friday to see if either tomorrow or Friday provides a down day that will make my shorts profitable. I’m bullish intermediate term, so I’m playing a high risk, arguably, low reward trade here. However, I still have confidence that it will [...]

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Market moving very well right now. Financials got a wee boost from NTRS and WFC today (if you don’t know those symbols look em up because its part of your job). Oil has cracked for the time being. The action I saw in the DUG yesterday was telling. However, I did not post about it [...]

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If you’re a bear, you are going think this post is noise. If you’re bullish on the market right now, these charts are going to look like gems.
As you can see in the charts, the 21 day exponential moving average is shown as support in all of these charts.
Today was a great day where the [...]

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Everything was working today.
CPST broke out today on very big volume to another record 52 week high. If you’ve been reading SR since September of 2007 you know I like this stock.

The indexes had a great day today. 3.6% for the RUT and another 3.6%ish for the NDX. Nice.
My QQQQ calls which had their premium [...]

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OIL short is looking really nice and bought more EDEN today. A little fertilizer company I’ve mentioned before. Awesome product btw.
CPST also breaking upwards today to new 52 week highs. How much do I love this stock?
Sold DAR today. Love the company, but hate the way its acting today on a great upwards tape. I’ll [...]

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Just posting some trades I made right before the close.
Bought UWM and went short the USO by buying June 100 puts.
I’m looking for a severe pullback in Crude. In these type of trades I’m right immediately then I get giddy with the profits, take them and move on, however, they end up being really nice [...]

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Worked:
Being long the NDX and RUT. 6% for the NDX as it broke out to new highs. I’ve been riding this trend for months. Around 32% gain off the bottom for my index trading account. RUT did 3.9% for the the leveraged funds fans.
XLF calls - May 27s. Excellent action today in the XLF. I [...]

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Took a loss of 1.1% on the OIL ETF. Forced trade like I said yesterday.

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Being short.
I’ve been short this whole week and its been great. The index funds (2x) produced greater than 3.5% today. The QID trade was profitable as well 2%+. My only mistake was selling the puts yesterday. They closed out today for a 138% gain from .73 “rebuy” from Tuesday near the close. I can’t complain [...]

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I picked up the OIL ETF, the symbol is literally OIL. Looks like a bounce is in the works. In at 37.3. I did notice someone was buying 1200+ contracts today for the June 49 USO calls. Thats surprising considering there are not alot of days left till expiration. The symbol on that call was [...]

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All the oil stocks on my screens turned today. We’ll see how they perform tomorrow.
SUN, OXY, COP, RIG, XES, USO, VLO, etc. Basically anything in the sectors relating to oil, refining, gas, yada yada.

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note: I will most likely add to this list tomorrow.
XLE, EWZ, EWY, IJR, EWC, IGE, IYE, VDE, IJT
All of these ETFs aside from EWZ , which happens to be the most "volatile", have pretty much gone nowhere on a year to year basis. They all had good runs pre-2006 and they based out all of [...]

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Momentum stock PNTR. I sold it early and locked in 2.5%. I think its going higher and I shouldn’t have gotten out. I made a profit so it worked.
The gold trade. I’ve been riding the gold wagon now for a month waiting for this thing to move. GSS was up as much as 10%+, but [...]

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Looking for the market to selloff today. I would take the opportunity to dump some tech if you have big profits and look to buy it back.
I’m still looking to buy the unloved sectors right now. Mining, Energy, Oil, Oil Services etc.

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Picked up some calls for RIG today. Bought the May 80 calls for $4.40.

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