Yesterday took a bath on GS. Went long 300 shares at $124.50 and got stopped out for a $2200 loss. Was able to exit C and WFC in the first 30 minute for profitable trades then decided it was time to switch gears and buy FAZ. Which was a goo idea. Sold it to soon also. Yesterday i was trading off emotion. This probably because i had my best day ever on Monday trading. In fact this has been my best month ever also. Cleared out close to $60k in profits. Not bad for no CNBC, Internet that is coming and going and Nicaraguans asking me questions and interrupting me.
Gonna day trade for the next couple days. Can't really see a trend yet. Gonna build a position in C. Also HAL, VLO, and LVS are looking nice also. Any pull back i may add to swing trades. The banks have gone up so much that the overbought stochastic is off the Richter.
Adios
Wednesday, April 15, 2009
Tuesday, April 14, 2009
GS and The banks
My gut feeling is that the banks go higher. Also when GS reported it said that trading volume increased dramaticall. Gonna keep an on cme and nyx. These companies could definitelty benefit from this news.
Gonna start selling some longs when dow gets to 8300
Gonna start selling some longs when dow gets to 8300
Sunday, April 12, 2009
A pull back is in the cards
Will look to sell any long positions at dow 8300. Also will look to go long inverse etf faz and srs for a pull back scalp. Think it is risky to hold any banks short here until we reach this area. Think we are setting up for a sell in may scenario.
Treasuries are setting up nicely for a huge bubble.
Oil is a buy here. DXO or UCO
Even though we are overbought in bear market we can still go higher which is a good sign for the rally. Keep in mind we are in a 8 year terrorist cycle. All we need is something geo politcal to happen and new investors could sell this market off fast and furious.
Treasuries are setting up nicely for a huge bubble.
Oil is a buy here. DXO or UCO
Even though we are overbought in bear market we can still go higher which is a good sign for the rally. Keep in mind we are in a 8 year terrorist cycle. All we need is something geo politcal to happen and new investors could sell this market off fast and furious.
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