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Being long. I called it yesterday in the comments of this post. I bought the dip yesterday nicely. I bought the ndx in my 2x funds, the qld which is 2x, CSCO calls, and QQQQ calls were all profitable. 8% in the NDX today for 2x funds. I’ve never seen a closing move that large on a percentage basis for these funds. My trading history only goes back 7 years and the 2x funds are equally as old.

One lesson I learned from this two day affair was that I should have been buying the stocks that have a RVI higher than 50. That would be BIDU, AAPL, EMC, STX, JNPR, DSX, and GIGM et all. Oh boy GIGM. I was so afraid to buy GIGM after its rapid fall. However, I saw it was so FRIGGN oversold it had to move and today it moved big – 28%. These type of stocks would have yielded the best returns over the 1 day volatility bounce in the call options. Next time around I’ll be in them. QQQQ was on my screener list along with the stocks above.

Not everything worked today. USU still sucks, but the chart looks ok.

I added to my index longs today with a position in SPX, but will look to take profits on an up open. I’m hoping for some carry over tomorrow morning.

I sold my KTOS position for a loss today of 10%.

SNDK had a nice move today of 4%. I bought the calls a little too early and got a bad price. However, I’m expecting more upmove in SNDK over the next 7 days so I’m hanging on even though I’m underwater.

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