Well This Is Nice

Home / Stock Comments / Well This Is Nice
June 26, 2008

Market flopped this morning pretty hard. NDX is spitting out 4.5% (which I’m getting none of) as I write this and RUT 2.2% for me with the SPX giving me 2.4%.

I cashed out the big money in the index longs, but still holding FXP, SRS, TWM with the smaller cash just in case the “faders of the gap” lose the battle and a buyers strike ensues later that causes the market to close on its lows. In that case it might setup for a long tomorrow. This was very difficult for me to do today. I’m probably wrong and the market does close lower. At least I still have the double inverse ETFs though and will add to them on breaks of support/resistance. Maybe a double digit day in FXP today? hmmm

I bought ABAT today before the pop @ 5.33 up 5%+ right now on it.

Sold the ABX calls and made 25%. I’m waaaaay early on that sell. I see gains and I can’t control myself. Gold is going higher – I’m an idiot.




Related Posts

How I Lost Money This Morning
Leveraged Funds, Oil Stocks, Steel Stocks
It was late last night I was watching the futures +67 on the YM and me being heavily positioned long I was happy. I wake up this morning and it all...
Opportunities Are Getting Thin Up Here
Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
Looking over my screens the list of potential plays that haven’t been in an uptrend yet is pretty thin. The number of stocks starting to turn...
Long Oil, Gold, Gas
Leveraged ETFs, Leveraged Funds, Options, Technical Analysis, Trades
I got long the US markets, USO, and GOLD via DGP last Friday as well as relative plays with CZZ, CLNE (which I’m now out of, but looking to...
DPZ What Could’ve Been
Commodity Stocks, Gold Stocks, Oil Stocks, Options, Stock Market Charts, Technical Analysis, Trades
This is how I learn. Nothing, but clear sailing. Currently long 2x index funds, DGP, ABAT, USO calls, ERX, CLNE, CZZ. If you want the particulars,...