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This is what the market needs right now – a cheat code. Bernanke can use the fireball gun, and Obama can use the spread. EACH PERSON MUST USE A DIFFERENT WEAPON. That’s the way it was for me and brother. Never the same gun – unwritten rules of Contra the market. I decided that this …

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Swapped my heavy short to mediocre long in the RUT 2x fund at the close. Sold out of FAZ, TZA, and kept MCP long. Looking for a 1-3 day bounce. However, I will only be playing one day if it is excellent. Most likely I’ll sell on day 1 and day 2 will be ridiculous …

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Disclosure: I’m short. Rather heavy so read this post knowing my bias. I’ll be short for a very short period of time. The leading stocks of the September 2010 up move are leading the pullback. Stocks like NFLX, OPEN, ARUN, AMZN, PCLN, FCX, and many more are having dark cloud cover patterns. Hopefully a weekly …

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Got short this morning in the funds, loaded up TZA and SQQQ. I’ve got problems with this market. Seeing shit move higher and more technical breakdowns in individual stocks. Couple that with all the bullshit datafeed issues Quote Tracker is having, I’m resorting back to being dumb. By being dumb here I’m evaluating everything but …

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Still short the 2x funds, TZA, EDZ. I sold out of TYP and some TZA today panicking thinking I was wrong, but thankfully kept it all in other accounts. Then at the precise moment that the market decided to go red I bought IWM puts. I sold near the bottom which basically made my day …

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