I’m addicted to this short. I put it back on. I’m looking for the market to close in the red tomorrow. Today shocked me a little bit, but my individual stocks have done ok in this up move. I actually mentioned on the morning posts when I sold out of my short (which happened to be a decent money saver for myself) that the “easy money was made last week.” This week has bee...
Results 1 - 10 of 65 for "NDX"
Click charts to ENLARGE...Do we want to mess with the dogs and cats or the leaders? Within the context of markets, sectors, and pairs (similar companies), it's advantageous to know the leaders.Universe: close > 80, 60 day range > 8, average volume > 400,000...includes high, low, 30 period low, square root of price, delta from the 30 period low, and NR7 status___________________________...
It may bite me in the ass, but I’m waiting to get long. Till Friday to see if either tomorrow or Friday provides a down day that will make my shorts profitable. I’m bullish intermediate term, so I’m playing a high risk, arguably, low reward trade here. However, I still have confidence that it will occur. Buying weakness this week has been my mantra, I said it 3 times: here, he...
The chart above shows the action in the Financials ETF (XLF). Today, this fund broke below recent support. I know that one day does not make a trend, but if there is any follow through to this move, it could be an early warning sign not just for the financials, but for the overall market as well.The Nasdaq bucked the weakness again today, with the NDX closing in positive territory. Small and m...
The $INDU is approaching both a retracement line and a trendline. Could it bounce here? Maybe. But if and when it breaks these, the downtrend can resume in earnest. I am hanging onto my $NDX position and have sold my $RUT position for a nice profit. My oil and gold longs are doing great, although I have taken profits on my ABX calls.
Market is moving my way again - down. I added to shorts this morning in the index funds, bringing my “medium” position up to “heavy.” However, I did not purchase more ETF’s due to me being away from the computer playing Wii with my son. I do have the TWM position already from yesterday. I went heavy and am hoping for better, er, lower prices at the close. Currently...
It wasn’t a good trade, but it was a nice profit. EFU is breaking out and I sold into the breakout like a shmuck. I think its going a lot higher, but I have the patience of a hamster on viagra. I may buy it back. However, I’m still holding my watchlist picks of HOGS, SNTS (not on watchlist), CALM (I bought more today), MATK (Martek Biosciences - gotta love that DHA Omega-3), and sti...
I’ve been saying it for days now, that I want to buy weakness in the market for a long trade and therefore I went short with expectations of weakness to happen. That started to happen today. The RUT finished down .81% or 1.6% if your a double head. The NDX finished flat - booo. Things that worked: Being short. I stayed short, but took off the addition I made to the index funds to lower my...
Looks like a constructive day as I post on my Blackberry on my way to a baseball game. More tonight… —- Local team lost. Oh, well. I believe they have the worst record in minor league baseball. The Nasdaq 100 (NDX) continues to lead and pulled back to the 1:1 ascending Gann angle which is expected. It is possible that the options houses will move price where ever is the most profita...
Well the indexes continued to move higher and significantly so today for my two favorites - the NDX and RUT. 1.5% for NDX and 4.5% for the RUT. The RUT / small caps continue to exhibit strength over other indexes. I didn’t participate in it though today because I thought we might selloff. Wrong. The things that worked for me today were the restaurant stocks RT and CAKE had 10% and 8% in t...