A week that was fantastic that is.
I had positioned for the biggest drops and avoided the melt ups. No I did not catch every day this week, but who did? Who didn’t get hit at least once this week? I had no major hits and protected the football (aka the big $).
I made a couple [...]

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Another couple of dollars. This is easy.

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Bought TWM @ 61.66 for another trade.
There is a large difference in the leveraged ETF’s vs their benchmark values today. RUT up 3.5% x2 should be 7% for the etf. However, the TWM is down 9.7% and the UWM is up 9.8%. I’m arbitraging baby.

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I sold out of my TWM position @ 63.36 for a few hundo. never got the gap fill, but I did get a sell call so I got out. Nothing crazy, just trading smart.

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I don’t plan on holding this long. Looking for a little movement in TWM and then I’m selling it. This is an extremely lite position.

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Posted @ 10:36 am “Its likely though the fear will materialize today.”
NDX 5.31% = 10.6%+ for double beta inverse funds and inverse etfs.
RUT = 9.6%, SPX = 9.4%. I’ve been trading the double beta Rydex funds much longer than the QID and QLD have been around and this was one of the best moves I’ve [...]

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My ABX calls are up 62% right now from yesterday’s buy and I bought some DGP as well.
Gold was mentioned as a potential buy here and here.
I said it last night…market is coming back to reality this morning.
I was heavy short which means every investable penny I have was positioned short. I reduced that exposure [...]

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Wild morning so far. I sold all my inverse etfs on the market gap down. A very sweet trade for 2 days worth of holding. I also trimmed back my index funds at this mornings window significantly. I am now lightly short…very lite.
TWM in @ 70.88 out @ 77.11 = 8.7%
SKF in @ 119.86 out [...]

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Goldman earnings missed, the savior of fans of Fast Money, missed. This miss is causing that extra weakness in the pre market. Buckle up son its going to get rough here.
TWM is pricing in a 4% move in the pre, as well as MZZ 3%.

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Well when I said we could get 1-2 days of up move 2 days ago, I didn’t expect as much of a move that happened today. Specifically in the SPX and NDX. The RUT, the leader when the market was rolling upwards, was up a meager .26% today or 1 point. The NDX was up [...]

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I sold my TWM this morning for about 1% loss. I’m getting fed up with the short trade here. Maybe its a sign of a couple of things. I may cover the index funds as well, but we’ll see.

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Market is moving my way again - down. I added to shorts this morning in the index funds, bringing my “medium” position up to “heavy.” However, I did not purchase more ETF’s due to me being away from the computer playing Wii with my son. I do have the TWM position already from yesterday. I [...]

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It wasn’t a good trade, but it was a nice profit. EFU is breaking out and I sold into the breakout like a shmuck. I think its going a lot higher, but I have the patience of a hamster on viagra. I may buy it back. However, I’m still holding my watchlist picks of HOGS, [...]

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I’ve been saying it for days now, that I want to buy weakness in the market for a long trade and therefore I went short with expectations of weakness to happen. That started to happen today. The RUT finished down .81% or 1.6% if your a double head. The NDX finished flat - booo.
Things that [...]

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I mentioned yesterday that I went short with a “medium” position. This morning I’ve added to the index funds in the RUT only. I also bought TWM and EFU (2x inverse MSCI etf). The EFU is a play on the strengthening dollar. If the US dollar strengthens, the emerging markets will go down. The weak [...]

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