http://www.stockrake.com

I posted about indicators going into off cycle. It happened a week ago or so, but its not truly recognized until you see two signals. You probably don’t know what I’m talking about, but look for that pattern in your own indicators. What normally works and is logical – price action all of a sudden …

Read More

A trending move is very near. I know this because I am becoming disillusioned with the market. I’m starting to not care, the swings have been too short to swing and overnight positions are getting gapped one way or the other. The guys/gals who start trading depending on how the market opens are doing well. …

Read More

The market is sitting right at the same boring level it has messed with traders for the last 4-5 days. Right at 1050 SPX. With so much news coming out overnight and tomorrow you would think it would be stupid to have a trade on in front of it. Well I don’t trade the news. …

Read More

Market is at an interesting point here. Right above the 1050 SPX line, with some oversold readings, I could see the market putting in some kind of bounce. However, the indexes are so precarious and in such a bearish posture that the bounce won’t last long and/or oversold can do a 2-4 day move. We …

Read More

I’m still short (heavy since 8-14-10 close). Today I panicked a little bit and closed out my FXP, FAZ, and EDZ with the morning pop. I also sold VXX as well, but I didn’t tweet it. Losses were all small in FAZ, VXX, and some EDZ positions that were bought late Friday. However, I had …

Read More