Bought BG, OXY, DRYS, DAR and sold DRYS Nov 12.5 puts.
I so wish I bought SOLF instead of YGE. Still might be a nice running from here. QCOR trying to breakout today - be careful on that one.
DRYS reports Monday and if GNK can crush earnings I’m guessing DRYS can too.
TBSI, EXM, EGLE, & OCNF, [...]

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This move is really nice today. Glad to be short and RUT heavy. Market is NOT selling off on any news that wasn’t already in the market. Not the Jobless claims or home sales or any other of that bullshit. Its because the market was short term overbought and the shorts got fluffed out from [...]

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Huge drop today yielded one of the better days of the year for myself and other shorts. Many trades worked really well today. However, I would point out one poor decision of cutting my index shorts this morning because the market dropped lower and closed on its lows. One could say that I shouldn’t complain [...]

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Market flopped this morning pretty hard. NDX is spitting out 4.5% (which I’m getting none of) as I write this and RUT 2.2% for me with the SPX giving me 2.4%.
I cashed out the big money in the index longs, but still holding FXP, SRS, TWM with the smaller cash just in case the “faders [...]

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I’m short and took the hit today.
SPX lost 1%, RUT lost 2.2%, SRS lost 2.7%, FXP lost 4.4%, TWM lost 1.85%. NDX was the strongest today, but I have no exposure to that index right luckily.
BUT the action today looked strong and finished weak, RIMM was down 8% after hours, ORCL down 3.5%, and the [...]

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The market is up strongly this morning and it seems a little more than the normal pre-fed meeting uppity bias.
I held onto all my index shorts, fxp, srs. All of them are getting SLAAAAAMED so far today. SRS getting the worst of the beatings today. I thought we’d get more oversold.
I’ve committed this current trade [...]

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Bought more FXP this morning. TWM and bought some ABX calls. Watching gold closely here.
More morning down movement this morning is doing my account good.

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NDX and RUT both dropped today for a decent return of 1.6% in the double funds.
SRS - Cooperated and gave me a 4.17% pop today. Nice breakout there.
FXP - Didn’t participate even though FXI was down today. It did a little pullback, but the charts still are saying buy, which means sell for the FXI.
CPST [...]

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As I said in an earlier post, the market basically got TKO’d right at the opening bell.
So the market broke the 12000 zone and the SPX broke 1330 and that was my cue. I thought the market would go up today due to yesterday being up and bouncing at key levels. Not the case. So [...]

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Today I decided to cover up and take the hit to my index trading account and walk away. Right now the volatility is creating moves that aren’t aligned with my daily and weekly timeframes. I can’t trade at Rydex comfortably right now and don’t want to risk the great profits I’ve gained so far this [...]

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There is some serious volatility happening due to quad witching. I’m getting burnt on the KWK posiiton which I just cut for a 5.3% loss. Two days of trying to trade it equaled two losses.
SRS also filling its recent gap down to 92, but I’m hanging on.
Short in the indexes and getting hit today on [...]

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Short the NDX and RUT heavily.
Own: AP, ABP, KWK, SRS (might be selling it though based on today’s action.)
No longer have ABAT or CPST, but looking for a place to rebuy.
Bought yesterday:
SRS ultra short real estate etf.
KWK again.

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ABAT started rolling over and I got out at 5.31 locking 27% gain in two days. I’ll be back.
HXM which I really wanted to love I decided to cut my losses at -5%.
Market has cracked to new levels, and I’m happy about my short swap on the indexes.
I love SRS here. Ultra Short Real Estate [...]

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