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I said this on Friday, “I have some decent buy signal on the COMPX here, but I think there will be carry over into next week. I’ll look to go long on Monday. The reasons I didn’t act today (and they might not be right) on the long side were related to fear. The whole …

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Originally I thought with the indexes resting on some decent support we would get some higher movement before dropping. This was the chart where I laid out my prediction. As you can see we moved down to the level I thought we would at 1073. However, I’m changing this up move bit. I think we …

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The morning started out right and tight. I woke up late about 9:45, the overnight shorts started to work and I pressed my positions with SDS calls, SSO puts, IWM puts, TZA, and DTO/USO puts. Everything except the crude shorts were profitable when I cashed out around 10:30ish (BZQ, FAZ, etc). The crude related shorts …

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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. …

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I rolled back into FAZ, SRS calls, DRV, SSO puts, TZA, MCO puts, and SMN today. I think I included an AIG chart to go with this. I also went short with 2x funds. I’m expecting more movement lower due to the break of my SPX level mentioned in the post before this one. Today …

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