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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Took a short at the close in the 2x index funds. 50% NDX, 50% RUT. Traded IWM puts most of the day, was up quite nicely on the break lower in the morning, then chopped around all day and gave back that gain and then went into the red. However, at the end of the [...]

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*this is a scheduled post made last night. As of this posting the futures were: /YM -2, /NQ +1.25, /ES -.50 All of this could change on the open, but often the move will carry over. Especially when some of the overbought conditions are in play. We’ll see if this works in a few hours.

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At least that is what I think could happen. So I rolled cash into long SPX, long RUT. Mainly because they have lagged the COMPX/NDX lately up to their 50 week MA’s. Financial ETF’s XLF, UYG, and FAS all look very good on a daily chart. Flag formations. Is there something coming out tomorrow that [...]

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Picked up some FAZ. Both FAZ and SKF showing early weak buy signals. I’ll keep a tight watch on this one. Watching JPM, XLF, C (weak sell)

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After stopping out of all shorts this morning, I’m back in with the break. My paintbar has turned green on SKF/FAZ and RED for XLF…so I’m just going to hold this, get some lunch, and let this one simmer.

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Well sort of. I’m long from October 3rd in the leveraged mutual funds which has been well documented already, and today was a part of the massive comeback that I knew was coming. Eventually this trade will become profitable and I’m guessing by this Friday’s close or the next or the next one after that [...]

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