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Everyone has their scenarios. I saw this move coming, but I played it wrong. I was thinking we would get an intraweek dip that I would buy and ride the blow off top. Guess what? We got an intraweek dip that came only on an intraday basis. Really weak dip that broke previous day’s high …

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I skipped blogging yesterday, but I went 20% short in the index longs yesterday morning. Market ended up moving higher than the 10:45 point. Plus today went a little higher. I’ve mentioned we are headed for a blow off top and its quite possible its here this week. In the past I might’ve gone heavier, …

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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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