Posts Tagged ‘spy’
Posted by StockRake on June 28, 2010 in Leveraged ETFs, Leveraged Funds
100% Short, 30% Nervous About It
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 …
SPX Closed Within .40 To The Number
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 …
If We Break 1040 On SPX This Is Where We Are Going
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 …
Posted by StockRake on June 8, 2010 in Leveraged ETFs, Leveraged Funds, Options, Technical Analysis, Trades
Going To Cash This Morning Was Smart
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 …
Don’t Trade When You’re Sick
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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