Picking up some SLV , LVS $16.12 and $15.83
This market may finish flat today, i strongly feel we will open up and try to push the spy to $108.
Friday, October 30, 2009
10-30-09
Went long LVS calls from last night and yahoo we are up a buck. Nice
I think both of these are setting up. I am going long crude with UCO at 13.85 and Long TBT at $46.40. Buying right here premarket have a .75 stop on UCO and $1.00 stop TBT.
Fla/GA this weekend
I think both of these are setting up. I am going long crude with UCO at 13.85 and Long TBT at $46.40. Buying right here premarket have a .75 stop on UCO and $1.00 stop TBT.
Fla/GA this weekend
Thursday, October 29, 2009
Wednesday, October 28, 2009
10-28-09
Mortgage apps came in lower than expected. Oversea markets were all negative.
Picking up some SRS and SKF 3000 and 200 shares each
Picking up some SRS and SKF 3000 and 200 shares each
10-28-09
Wanted to let you guys have my thoughts on the market. Yesterday I cleared vxx and srs for a gain. This was done because it was my largest positions and I think we could reenter these trades at a lower price. I included a list of insider buy and sells (Below and it is a free service). Look at the dollar amounts on the sell side.
I am extremely bearish here. The moves that come up here shortly could be very fast. Things may be moving so quick I might not be able to post my entries very quick. The big support coming up for the S&P 500 is 1060 & 1040. If we break 1040 we could see a 1000 real quick from there it is 872. So here is my game plan, any rally I am going to short using SH call options, SRS stock and VXX stock.
Also RIMM broke critical support yesterday of $64.20 next stop is $56, all of tech looks really weak here. Even appl could see $150 again, BIDU was freaking hammered yesterday, bonds were on fire and the dollar rallied. Once again watch 1060 and 1040, we never move down in a complete straight line unless we have a market crash (which would be nice). This is a once in a lifetime opportunity and gains of 100% are very reasonable in a short amount of time. We will also in 6 months to a year have a clear buy signal for over seas markets and some US equities.
Joel
I am extremely bearish here. The moves that come up here shortly could be very fast. Things may be moving so quick I might not be able to post my entries very quick. The big support coming up for the S&P 500 is 1060 & 1040. If we break 1040 we could see a 1000 real quick from there it is 872. So here is my game plan, any rally I am going to short using SH call options, SRS stock and VXX stock.
Also RIMM broke critical support yesterday of $64.20 next stop is $56, all of tech looks really weak here. Even appl could see $150 again, BIDU was freaking hammered yesterday, bonds were on fire and the dollar rallied. Once again watch 1060 and 1040, we never move down in a complete straight line unless we have a market crash (which would be nice). This is a once in a lifetime opportunity and gains of 100% are very reasonable in a short amount of time. We will also in 6 months to a year have a clear buy signal for over seas markets and some US equities.
Joel
Tuesday, October 27, 2009
10-27-09
Unloaded most of my shorts today. Close to $150,000 thousand worth. Closed SH, BGZ, SRS around 10:00 am. I did this because we didn't sell off after the CPI numbers. Looking back this was an emotional trade and i could have edged out a couple of more dollars in profit but was happy with the result. Closed out RIMM short for a nice gain and VXX.
It is 7:00pm and i just bought 2100. My plan for this trade is the extension of the home purchase tax credit. I also have orders to buy at lowers levels also. Think this will set up as a nice trade may be down a little in the beginning. Also own some LVS call which the plan is the report earnings on friday and i think we could see a pop into earnings with casino stocks so low.
Very hard to trade. My overall feeling is that we go lower.
It is 7:00pm and i just bought 2100. My plan for this trade is the extension of the home purchase tax credit. I also have orders to buy at lowers levels also. Think this will set up as a nice trade may be down a little in the beginning. Also own some LVS call which the plan is the report earnings on friday and i think we could see a pop into earnings with casino stocks so low.
Very hard to trade. My overall feeling is that we go lower.
10-27-09
The price action yesterday has me worried. We need some follow through on the sell side.
The transports are showing a bearish indicator and the $vix closed above the 60EMA on the hourly charts. ING sold off hard in europe and BP reported good earnings. We have the CPI today. Lets see what happens.
Status still short
The transports are showing a bearish indicator and the $vix closed above the 60EMA on the hourly charts. ING sold off hard in europe and BP reported good earnings. We have the CPI today. Lets see what happens.
Status still short
Sunday, October 25, 2009
10-25-09
Looking over the hourly 20 day chart. The 10 EMA just crossed the 60 EMA. The 10 ema crossed the 20 sma last wednesday. I believe this is the start of either a major correction or small correction. We will see.
We are very overbought on the daily's and weeklys.
On the weekly it looks like the MACD is about to cross the signal line, the last time this happened was march of 2009.
We will see how deep the pull back goes.
We are very overbought on the daily's and weeklys.
On the weekly it looks like the MACD is about to cross the signal line, the last time this happened was march of 2009.
We will see how deep the pull back goes.
Friday, October 23, 2009
10-23-09
Well after the housing numbers came out we tanked. This was very unpredictable. The housing numbers were actually really good. What drove the markets down today was England's GDP numbers which were horrible. The economy had negative GDP growth. SRS is setting up here. There is a whisper about extending the housing credit. This will set up as a great shorting opportunity. When the government finally finds out that the public isn't a bunch of idiots real estate will begin to back up.
All in all i think now is the time to buy real estate. I also think now is the time to short companies like VNO, SPG etc. We are gonna do this through SRS.
Also long SRS and VXX
Gonna take the wife to Caps and drink a beer.
All in all i think now is the time to buy real estate. I also think now is the time to short companies like VNO, SPG etc. We are gonna do this through SRS.
Also long SRS and VXX
Gonna take the wife to Caps and drink a beer.
10-22-09
Went to eat at Ruth Chris steak house last night for my dad's birthday. The entire family was there and it was a lot of fun. During dinner i was watching the markets on my wife's i phone. Am i addicted?
Took a bath yesterday in the markets. Still hold the market short and will clear if we start a serious move to the upside. We could go anyway here. I feel it is too late to get long and will look again for a re short entry.
Good luck
Seriously looking a buying real estate again. Particularly St. Augustine Fl
Took a bath yesterday in the markets. Still hold the market short and will clear if we start a serious move to the upside. We could go anyway here. I feel it is too late to get long and will look again for a re short entry.
Good luck
Seriously looking a buying real estate again. Particularly St. Augustine Fl
Thursday, October 22, 2009
Wednesday, October 21, 2009
10-21-09
While i am extremely bearish i do feel we can still correct into the end of the year. Today i added 2500 shares of SRS at 9.89. I was down pretty early until about 2:00pm or 2:30 pm. The beige book numbers came out and what ever they had was pretty bad. The markets sold off hard into the close leaving my down position into a winning one.
Current holdings
SRS 4500 shares average costs $9.76
VXX 400 shares average costs $43.88
SH 600 shares average costs $54.63
BGZ 300 shares averag costs $19.00
UUP 700 shares average costs $23.90
Currently i am fully vested with some put options on rimm, also some long dated srs call options.
Looking for next stop on the $spx is 1060 we will see. We have the employment numbers tomorrow and nat gas inventories.
Would like to remind everyone of a gruesome fact. We are in an 8 year terrorist cycle. The last attack was 9-11-01. Before that the bombings at the world trade center. This statistic goes way back and we are over do. Is it Iran, Afghanistan, or a horrible act on our soil. Who knows. Financially i would sell all longs here. Any equity positions i would liquidate.
Good luck.
Current holdings
SRS 4500 shares average costs $9.76
VXX 400 shares average costs $43.88
SH 600 shares average costs $54.63
BGZ 300 shares averag costs $19.00
UUP 700 shares average costs $23.90
Currently i am fully vested with some put options on rimm, also some long dated srs call options.
Looking for next stop on the $spx is 1060 we will see. We have the employment numbers tomorrow and nat gas inventories.
Would like to remind everyone of a gruesome fact. We are in an 8 year terrorist cycle. The last attack was 9-11-01. Before that the bombings at the world trade center. This statistic goes way back and we are over do. Is it Iran, Afghanistan, or a horrible act on our soil. Who knows. Financially i would sell all longs here. Any equity positions i would liquidate.
Good luck.
10-21-09
Current game plan. Gonna use the DOW as my back board. If we retrace 10075 gonna clear my short positions.
This will be used for SH, SRS, VXX but not for UUP
This will be used for SH, SRS, VXX but not for UUP
10-20-09
Have been back in the states now for about 1 month. It is a very different life here. People are moving faster things costs more and there is little time for excersise and time to spend with my family. Very different from nicaragua.
For the market i have made a large short position. Currently my holdings are. SH, VXX, UUP, SRS. They were purchased on the 19th and 20th. I am looking for a small pullback in equitie numbers. In addition i think it is weird for stocks to be going down with theses companies having good earnings. We will see.
joel
For the market i have made a large short position. Currently my holdings are. SH, VXX, UUP, SRS. They were purchased on the 19th and 20th. I am looking for a small pullback in equitie numbers. In addition i think it is weird for stocks to be going down with theses companies having good earnings. We will see.
joel
Subscribe to:
Posts (Atom)
