I was heavily long the RUT and NDX with the 2x funds at Friday’s close. The RUT did 15% while the NDX did close to 13%. Happy to get a nice one in the bag. I trimmed these positions back 50%.
I also bought this morning TNA, SSO, QLD, and C. I put in an order [...]

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I bought index longs today at the close. I was either looking for the washout or a move higher. Got a move higher back over a level I was waiting for.
Looking for 100 pts higher on the COMPX.

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The RUT is now trading with a 3 handle!
Today is the flush most people have been waiting for.
Watch the volatility indexes, and see if anybody cries on CNBC. If nobody freaks out on TV, then this unfortunately is not overwith.
Then tomorrow maybe…maybe we have an intraday reversal. Maybe we even have a rally right out [...]

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The pressure is building under the foot of a weekly divergence in the SPX, RUT, NDX, COMPX and the other sectors that have been smashed, namely commodities, financials, and real estate.
A relief rally typically happens when this setup is showing its face. We had a rally off the 3rd week of October low based on [...]

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I’m starting to not believe that rally is possible now. A sign of a turn or am I right (just way late)?
I’m as apathetic as I can possibly be right now. Apathy doesn’t get more apathetic than me right now.
Bought COIN @ 6.69 and SSO @ 25.85, 26.78

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We are finally getting the move I’ve been waiting for. Unfortunately its from a lower level than I anticipated it would start from. However, its possible because the move was exacerbated to the downside that we may see more of a stretch upwards than your typical bounce JUST so that things equalize. The VIX and [...]

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I’m still waiting on the rally to materialize over the next two weeks.
Back to highs of two weeks ago. These charts are of the SPY, but the same stuff applies to anything pretty much.
Now afterhours we had several tech names pop big. VMW, BRCM, YHOO, AAPL. Will that hold or will it get sold? I [...]

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Today was awesome wuth every single buy working positively, however, I got nervous with my FCX and QLD trade which for some stupid strange reason I sold, scratch that the reason was fear and noise. Both of those were sold at losses and they have to be two of my worst trades ever because I [...]

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Again I’ve been wrong with my bigger trade and I’ve said it nearly everyday.
Today’s day trade for UWM was good for 1.9%, there was more in that trade, alot more, but I was distracted all day.
What I’m looking for this week to happen is a test of the 21 d ema.

In many down moves in [...]

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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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TMA, RDN, ABK, PMI, FNM, CORS, FRE, WB, FMD, MBI, RF, MS (if the deal goes through).
This list is either mortgage related other financially related POS stock.
Next will be a list of stocks with ridiculously LOW PE’s with excellent growth prospects that could equally have unreal 1 day returns if and when the market decides [...]

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One ray of light was my buy in QLD and UWM right on the opening lows. Have a 16% gain in UWM and a 5% gain in QLD. The bad news is that I’m down huge on the week in my leveraged funds. Minus being up about 22% for year as of Friday plus an [...]

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I’m putting that trading account money to work on a gap down tomorrow and it looks like that is happening due to another slaughter in the Asian markets. I think the Lehman CDS auctions tomorrow are important and that uncertainty will be gone from the market around lunch time. Today was the washout and tomorrow [...]

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What a week! I don’t mean good either. I went long heavily on Friday and what a bad time to do that. Since then my leveraged ETFs took losses of 17-19%. My QLD calls dropped by 75%. However, I sold out today of the leveraged ETFs and am in 100% cash in that portion of [...]

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I posted about my feelings and what I think has happened during these past two days here.
If anything I hope it brings some levity to the two day dismal disaster. Hey some of you may have been trading fast while I’ve been playing the swing trade. If so you are kicking my ass and congrats.
There [...]

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