Went To Cash

Home / Leveraged ETFs / Went To Cash
May 28, 2009

Took losses in the index shorts today. This market is rough, but can’t ignore the price action. I won’t be shorting it anymore until I see turn to the downside in my signals. Yes I’ve been trying to jump them. The difference this time around is that I’m not hanging around more than 1 day. Keeping losses in check.

I bought BGZ, SRS, FAZ, SRS again, and TZA this morning. The only thing I sold for a gain was TZA.

The market indexes seem to be at a tipping point here that could either start another leg higher or a one week move to new highs that would bring a selloff in June.

I sold my junk portfolio this afternoon for a total gain (minus commissions) of 54.27%. The big winners were SPPI, SYNM, and GMO. Technically I shouldn’t have sold any of them, but happy with what came of these little stocks. Now I get to look for something else.

The only stock I own is GRS right now.




Related Posts

Sell Signals and Covered Profits In Junk Portfolio
Biotech Stocks, Gold Stocks, Trades
At the close both SRS and FAZ went on buy signals and now I see in the afterhours BAC did a secondary priced 10%+ lower than its close AND HPQ is...
Junk Portfolio Up 46.89% Since End Of March
Alternative Energy, Gold Stocks, Leveraged ETFs, Leveraged Funds, Market Comments, Mining Stocks, Trades
My junk portfolio of GMO, BLDP, CRIS, SPPI, EVK, KLIC, SYNM is up 46.89% since the 3-30-09 market gap down open which is where I went in. If you...
Things That Worked, Things That Didn’t
Alternative Energy, Gold Stocks, Leveraged ETFs, Leveraged Funds, Mining Stocks, Oil Stocks, Stock Market Charts, Tech Stocks
I already mentioned last week about the great movers I sold too early. Tack on another stock I had in my account that I sold too soon. CPSL A couple...
Chart Fest, SPX Sets Up For A Nice Rangey Day Tomorrow
Alternative Energy, dry bulk shipping stocks, Leveraged ETFs, Leveraged Funds, Solar Stocks, Trades
Today I covered my index longs and of course I get filled at 10:45 due to Rydex’ oh so great pricing window. It turned out to be a great move...