11 thoughts on “All You Need To Know About Stock Market Right Now”
That is f*****g great!
Sell every stock I own at a sweet profit.
Did today feel bad enough to be another intermediate capitulation? Maybe its too late to sell? It’s a little scary though that there is so little support under current levels… If 600 SPX breaks down, next stop 400.
What happened to no swearing on your website 🙂
Great graphic!
Congrats by the way on going 4x short FAS and 1x Short FAZ!!!!!!!!!!!!!!!!!!!!!!
Great Trade!
I wasn’t scared today, it’s not comparable to the Oct-Nov fear level. We’re probably very close to a tradeable bottom, but not sure when it’ll happen, maybe next week.
Not all indicators are oversold, and the dollar keeps on trucking –> market goes down.
For now I’m playing mostly on the short side, but hedge some.
Lenny,
LOL I didn’t actually *type* the words. This doesn’t count? In any case, desperate markets require desperate profanity.
Thanks! Still trading around with FAS/FAZ shorts. I can write a story “How I Learned to Stop Worrying and Love the Ultras” 🙂
Been following your trades — glad you quickly squashed your inner optimist.
Big pump today.
This may have legs for a few days. Watch the volume, and if it declines daily on a move up on SPX, prepare to short and hedge aggressively.
Good luck 🙂
O.K. the little bear rally has legs. Time to be cautious and scale in very slowly if you think we have more room to the upside. It may be time to look into hedging cheaply since the VIX has deflated. I think this goes into early next week.
The analysts are talking it down. They refuse to call a bottom “AGAIN”.
When have they been right??
Those same analysts were calling Enron a “Buy” just days before the collapse. Ignore them. It may not be “The Bottom”, but if it is……scale in carefully. You wouldn’t want to miss a run.
Comp!ete,
you have to diversify and visit some other pages on my site.
Good commentary, keep it coming 🙂
It’s St. Patty’s Day.
The charts for SPY QQQQ and others look a little “Toppy” here. We may go higher but we will need to pull-back a little first. I scaled into hedges today with April puts for QLD, SPY,& XLF. I may be a little early but anymore blow-off top action and I double down by selling calls close to the money creating a double hedge (strangle) around my long positions. I would short directly via SDS and/or QID but it’s still too dangerous. If we keep up the pump, I’ll take the losses on the options. The gains from the long positions will amount to a zero sum trade. I’m betting that we moved too far too fast.
That is f*****g great!
Sell every stock I own at a sweet profit.
Did today feel bad enough to be another intermediate capitulation? Maybe its too late to sell? It’s a little scary though that there is so little support under current levels… If 600 SPX breaks down, next stop 400.
What happened to no swearing on your website 🙂
Great graphic!
Congrats by the way on going 4x short FAS and 1x Short FAZ!!!!!!!!!!!!!!!!!!!!!!
Great Trade!
I wasn’t scared today, it’s not comparable to the Oct-Nov fear level. We’re probably very close to a tradeable bottom, but not sure when it’ll happen, maybe next week.
Not all indicators are oversold, and the dollar keeps on trucking –> market goes down.
For now I’m playing mostly on the short side, but hedge some.
Lenny,
LOL I didn’t actually *type* the words. This doesn’t count? In any case, desperate markets require desperate profanity.
Thanks! Still trading around with FAS/FAZ shorts. I can write a story “How I Learned to Stop Worrying and Love the Ultras” 🙂
Been following your trades — glad you quickly squashed your inner optimist.
Big pump today.
This may have legs for a few days. Watch the volume, and if it declines daily on a move up on SPX, prepare to short and hedge aggressively.
Good luck 🙂
O.K. the little bear rally has legs. Time to be cautious and scale in very slowly if you think we have more room to the upside. It may be time to look into hedging cheaply since the VIX has deflated. I think this goes into early next week.
The analysts are talking it down. They refuse to call a bottom “AGAIN”.
When have they been right??
Those same analysts were calling Enron a “Buy” just days before the collapse. Ignore them. It may not be “The Bottom”, but if it is……scale in carefully. You wouldn’t want to miss a run.
Comp!ete,
you have to diversify and visit some other pages on my site.
Good commentary, keep it coming 🙂
It’s St. Patty’s Day.
The charts for SPY QQQQ and others look a little “Toppy” here. We may go higher but we will need to pull-back a little first. I scaled into hedges today with April puts for QLD, SPY,& XLF. I may be a little early but anymore blow-off top action and I double down by selling calls close to the money creating a double hedge (strangle) around my long positions. I would short directly via SDS and/or QID but it’s still too dangerous. If we keep up the pump, I’ll take the losses on the options. The gains from the long positions will amount to a zero sum trade. I’m betting that we moved too far too fast.
Good Luck!!!