Posts Tagged ‘OWW’
Trimmed Down The Shorts
I trimmed my shorts from yesterday, but am still short the RUT, have some FAZ calls, and some FAZ stock. It looks like if this market is going to move down it needs to do it next week. The market has many divergences going on particularly the weakness in financials, however, divergences are not guarantees. …
Posted by StockRake on August 21, 2008 in Defense Stocks, Leveraged ETFs, Leveraged Funds, Solar Stocks, Trades
Buying Weakness – Still
Bought UWM and QLD this morning with impunity. Up on both of those trades. I knew I had too much of a good thing when CALM hit 9%. Today it pulled back hard. Things still look ok and I’m looking beyond this week’s trading action, not tomorrow or Friday. I’m a little ticked though I …
Posted by StockRake on August 15, 2008 in Leveraged ETFs, Leveraged Funds, Market Comments, Stock Comments, Trades
Made Some Money On The Short Today
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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