I was heavy long from Friday coming into today. I sold everything at and before the morning window at Rydex which is 10:45. I took in gains of near 3.8% in the 2x funds on average with my $RUT, $NDX, $SPX spread. I also dumped all my call positions making money on LVS, XLK, GOOG, [...]

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Today sucked. My expectations were broken pretty much right away as the pattern did not play out as intended. Then very late in the day the market rallied off the lows and the indexes went green. Per the pattern that I am playing the bounce was actually too little of a move, so I’m glad [...]

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If you watch the market closely you know the market is at a critical point. I’m trying to focus beyond the short term here though. If I step back I’m seeing many many stocks that are beginning a pattern similar to MON did months ago. There are many inverse ETFs looking like they want to [...]

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Well yesterday I said I was looking for the SPX to hit 1073-1074 based on the previous day’s trading action. SPX closed at 1073.69. The actual number on the low end was 1073.65 so technically .04, but I didn’t post that number, so lets stick with the 1 point range for a minute. SPX closed [...]

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All yellow marks occur when price is above the resistance/support line of around the 1040 level. If 1040 breaks, I have to look at where the next yellow marks are. The next two that show up looking backwards are two at the 982-979 area. The yellow marks represent price congestion/inflection points. If the market breaks [...]

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I tweeted that I was cutting my shorts this morning and managed to take in 3% in the RUT and 2%+ in the NDX when the market printed its lows around the 10:45 price window. I was fearful yesterday of a bounce setup, but figured there would be further selling in the morning that would [...]

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First the good. Since my last post last Thursday, “Beware of the Long” the 2x funds have gained nearly 15% in the $RUT and not exactly sure what for the $NDX but probably in the neighborhood of 9%. I kept my index funds short, I was contemplating between cutting them 100% to cash or just [...]

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