The market had big move down from last October 2008 to March 2009. Then it had a big move up from March 2009. So it make sense for the market to trade in a narrow range. The market could be like this until end of the year.
I have been long this morning, but just sold out and went short via SDS. Putting my theory to test, PCP is hitting lows of day. It has been a great indicator of market direction as of late. Of course, if market hits new highs of day, I am out of my short.
Re-loaded...all in short via long SDS. will sell if market hits new highs. FED removing most bs stimulus...this is expected, but still very negative for our propped up markets.
if it is this slow before xmas and new years, I can only imagine how much more slower it is going to be through the end of the year.
ReplyDeletenot used to these tight ranges on spy.
fomc meeting concludes today. that might move us a little.
uptslect
and options expiration friday
The market had big move down from last October 2008 to March 2009. Then it had a big move up from March 2009. So it make sense for the market to trade in a narrow range. The market could be like this until end of the year.
ReplyDeleteAMZN broke the support level at 130.
ReplyDeleteI have been long this morning, but just sold out and went short via SDS. Putting my theory to test, PCP is hitting lows of day. It has been a great indicator of market direction as of late. Of course, if market hits new highs of day, I am out of my short.
ReplyDeleteFED day, I may bail my positions before announcement, and then re-enter after the mayhem.
ReplyDeleteRe-loaded...all in short via long SDS. will sell if market hits new highs. FED removing most bs stimulus...this is expected, but still very negative for our propped up markets.
ReplyDeletealso, I will lighten up if we fill morning gap!!
ReplyDeletewish I could have today to do over again and go short at spy 112.00
ReplyDeletejust couldn't convince myself there or at 111.7x, or even now 111.44..
oh well..next time.
hygonsp
going long XOM for a risky bottom pick play.
ReplyDeleteWatch GOOG. If GOOG breaks out 600, I am expecting the market will break out too.
ReplyDelete