http://www.stockrake.com

Being Short!

The 2x index funds produced an 8% return. I managed to snag 57% on my put options from yesterday. I can’t complain about 57%, even though I left another 75% on the table. The indexes got slaughtered today and all the little momo stocks got absolutely crushed. 10-15% down all over my watchlists.

I checked the top % gainers list today and guess what was on that list? XPO!

I’m out of all shorts (puts, QID, beta funds) as of this evening. I will look to possibly buy tomorrow morning, maybe even calls. If I see some kind of climax sell event near the open, I may be buying it. Its pretty much a foregone conclusion that we will sell down on the open tomorrow, the key is once that supply is done with the big money might step in and trade it. Now this something you don’t want to swing trade, just day trade. The market can still finish down on this scenario just less down than the open. Something to look for.

Related Posts