I took a month or so off and have been dabbling in market for past few weeks. I still look at your blog from time to time. I am short at this level via SDS, but we have not got confirmation yet. Will just have to see how they close today. Hope all is well
JDT, welcome back. I thought you were gone for good.
Yes, the shorts needs confirmation, but sometimes you pretty much know what will happen. I also look for clues from individual stocks.
If you look at AMZN, GOOG and GS, all these stocks didn't really participate with the rally at all. These stocks are big names.
My balance is finally in positive. I could be big in profit already if I don't have 2 bad trades with CLF. I could be up more than 50% return in 6 months short term trading.
do you think we will retrace to 1115-1120 level in SnP before we roll over? Market is holding strong today, so this price target may not be out of the question.
I don't really think so that S&P 500 will hit those targets. It seems like the market is strong today, but I don't think so. This is a setup by specialists to squeeze out the short. This afternoon pop was the squeeze.
Matt, yeah, I went to Bahamas and Mexico and then have been trading a little lately, but not posting. I probably wont post alot unless I see some good set-ups. GCL, I hope your right, I am looking for some weakness into the close so that DIA and SPY close below their 50 dma. guess we will know in 1.5 hours.
Well, the fact that all on this board (including me) are looking for a sell off is exactly why the market went up. Short appears to be a crowded (and "easy") trade. next few days should be interesting.
Fed tightens after market close. F them azzholes. short all day, covered and then boom, the fickle Fed drops a mini bomb. tomorrow will(should be) a huge down day. I shorted a small position via SDS at 35.5 after market and will load the f'n boat tomorrow if I can get a decent entry point. I would be super happy to get 35.5 on SDS. get ready to rock and roll tomorrow. also, sold all my gold miners today into pop.
Hi GCL,
ReplyDeleteI took a month or so off and have been dabbling in market for past few weeks. I still look at your blog from time to time. I am short at this level via SDS, but we have not got confirmation yet. Will just have to see how they close today. Hope all is well
JDT, welcome back. I thought you were gone for good.
ReplyDeleteYes, the shorts needs confirmation, but sometimes you pretty much know what will happen. I also look for clues from individual stocks.
If you look at AMZN, GOOG and GS, all these stocks didn't really participate with the rally at all. These stocks are big names.
My balance is finally in positive. I could be big in profit already if I don't have 2 bad trades with CLF. I could be up more than 50% return in 6 months short term trading.
do you think we will retrace to 1115-1120 level in SnP before we roll over? Market is holding strong today, so this price target may not be out of the question.
ReplyDeleteIt's been more than a month.
ReplyDeleteI don't really think so that S&P 500 will hit those targets. It seems like the market is strong today, but I don't think so. This is a setup by specialists to squeeze out the short. This afternoon pop was the squeeze.
ReplyDeleteBought another batch of SPXU at 35.95.
ReplyDeleteMatt, yeah, I went to Bahamas and Mexico and then have been trading a little lately, but not posting. I probably wont post alot unless I see some good set-ups. GCL, I hope your right, I am looking for some weakness into the close so that DIA and SPY close below their 50 dma. guess we will know in 1.5 hours.
ReplyDeleteI believe SPY will close somewhere between 110.40 to 110.60 today.
ReplyDeleteI'm back, miss me?
ReplyDeleteI've been completely out of the market lately too. First kid was born and have been busy with that.
This is definatly looking like a short squeeze to me. The volume is off. I'm short across a few different eft's. Might pick up some SPXU.
Well, the fact that all on this board (including me) are looking for a sell off is exactly why the market went up. Short appears to be a crowded (and "easy") trade. next few days should be interesting.
ReplyDeleteBought some SPXU @36.00, got out after hours at 36.80.
ReplyDeleteI'm sure I can reload tomorrow if I want.
Fed tightens after market close. F them azzholes. short all day, covered and then boom, the fickle Fed drops a mini bomb. tomorrow will(should be) a huge down day. I shorted a small position via SDS at 35.5 after market and will load the f'n boat tomorrow if I can get a decent entry point. I would be super happy to get 35.5 on SDS. get ready to rock and roll tomorrow. also, sold all my gold miners today into pop.
ReplyDelete