Indexes rallied today giving me 2.6% in the RUT and 1.5% in the NDX. That was nice, but we really haven’t made much progress to the upside yet. I say yet, because its possible that is coming in the next few weeks. Or I’m incorrect and I’ll eat my words.
During these past two weeks of [...]

• 0 Comments

What have I been saying for 2 weeks?
Hint:
B _ _ _ h _ W _ a _ n _ s s!
What caused the rally today? Was it Buffett this morning? Was it Bernanke? Was it bullshit? Yes the answer is bullshit, because neither of the two stories the financial [...]

• 1 Comment

For some reason this market is not selling off the way it could and the way it should if this market is tanking. Instead, to me it looks like a normal, rational, pullback, after an otherwise huge upward move.
So I still stand by my mantra, buy the weakness.
PLUG - Working pretty well, up 3% on [...]

• 0 Comments

Bought UWM and QLD this morning with impunity. Up on both of those trades. I knew I had too much of a good thing when CALM hit 9%. Today it pulled back hard.
Things still look ok and I’m looking beyond this week’s trading action, not tomorrow or Friday.
I’m a little ticked though I missed the [...]

• 0 Comments

Well the indexes continued to move higher and significantly so today for my two favorites - the NDX and RUT. 1.5% for NDX and 4.5% for the RUT. The RUT / small caps continue to exhibit strength over other indexes. I didn’t participate in it though today because I thought we might selloff. Wrong.
The things [...]

• 3 Comments

This chart was posted yesterday after the big DAILY down move in the market.

This is how the same chart looks today.

Good call?
What sucked:
EJ not working I had to dump it for a 3.9%ish loss. ABAT which I thankfully got rid of yesterday for a loss as well around 5% or so.
What worked:
Amazing market [...]

• 3 Comments

I went heavy long the leveraged index funds yesterday and I’m out this morning with 4.6% in the RUT and 2.6% in the NDX. I also sold my QLD and UWM for around 1.5% and 2% respectively (because I was heavy long in those yesterday with the hit of yesterday they are not up as [...]

• 0 Comments

These three things have one thing in common. They have no bearing on short term market direction.
Its all about the US dollar. You are starting to hear about it on blogs and TV. The market is moving higher because of it. You heard it from here on August 4th. So I’m glad one of the [...]

• 0 Comments

I bought UWM and QLD at the lows of the morning which puts the UWM down about 1.5% and QLD down less than .50%. I went into the ETFs heavily this morning, but not the funds which is where I trade the big bucks.
A couple of other things sucked too.
SNTS position went from being positive [...]

• 0 Comments

RTK exploding today up another 11-12% bring my gain up to the 31% area on news that they have successfully created synthetic fuel. The chart was “saying” something was coming. There might be a little squeeze in this one. It also might be a sell here on the pop. I want to watch it closely [...]

• 0 Comments

As I sit here and watch another challenger fall into the water on Ninja Warrior, I’m thinking about two items I need to post.
1. I wrote this afternoon that, “I’m positioned heavy in the index long mutual funds and am loaded up on QLD and EWM.” I made a typo with EWM (thats the Malaysia [...]

• 0 Comments

I decided at the close today how can I complain about getting more than 7% in the NDX/QLD and 5% in the RUT/UWM.
Not only that, but finally SNTS took off today. I’ve bitched about being on board PWAV and then not being in it RIGHT before the break. This time I didn’t jump off the [...]

• 3 Comments

I laid out my trading plan last night and even last Friday. So far it was right on the money. Minor selloff into Fed meeting and now a rally post Fed. Ben Bernanke must be a fan of the Olympics because the market is rallying right into the torch ceremony. I kid. I joke. I [...]

• 0 Comments

Did we get a signal today that the US dollar is ready to rally? Commodities got slobber knocked. Steel, coal, shipping stocks, ag stocks, oil and oil stocks as well as alternative energy stocks, you NAME the stock it got crushed today. However, the financials held up.
Commodities go down, dollar goes up and with the [...]

• 2 Comments

I was lightly long as documented on Friday going into this morning’s down draft. However, I bought it “HEAVILY” and so far I’m up on that trade. I also bought some UWM and QLD and more UWM later at a higher price.
I sold CBRX in a little bit of stupid panic that I should have [...]

• 0 Comments