I was position and ready for this market to test the downside target, but right out of the gate the materials, dry bulk stocks, and other sectors were strong.

I made several trades today again and came out on top in my trading account. In my index account I got hit with the NDX for a 2% loss and RUT a 4% loss. This really sucks and I may have to move this cash to something I can control intraday because I would have been out of these positions if possible.

In my trading account I took profits in anything I had long because I thought we were going down around 10:20.

“Bought:
-SRS (already short URE), SMN, Short LIZ
-Covered PAAS short
-Short and covered NEM (panicked for no reason) I would be shorting GDX, NEM, and a bunch of other miners/gold stocks here. These all moved to a buy intraday.
-I also bought SSO and UYG near the open but quickly dumped after the ISM report for very slight loss.

Sold:
CBI, CPST, DAR, CX all for double digit gains”

Then today I sold half my PALM when it popped @ 3.5 and then sold my other half @ 3.54 for gains of 10% and I will probably complain if it pops tomorrow.

I quickly reversed on the market and got rid of anything that was bearish including covering LIZ, selling SRS, etc. and bought GRT, KFN, and SRZ.

Took 15% gains in GRT and KFN on the intraday pops.

Took a 6% pop in SRZ. Had a big gain there, but let it drop a little bit and its still on a buy.

I sold everything near the close and kept my index shorts on, plus I went short AAPL, and bought ERY (the 3x bearish energy ETF), and bought FXP.

Thanks for reading

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