Not too many trades today. Shorted C, SPG, SDS, GE, PENN, COF, SSO, FSLR, RIMM, AMZN; was long KGC. I work from a list of
readThough SPY is on the “Buying on Weakness” list and total moneyflow is positive, block trades moneyflow is actually negative (block trades, from what I
readSold my longs (AAPL, X, SOL) in pre-market, thankfully, got the best prices of the day (seriously, getting up at 8am does pay sometimes), then
readI feel a little bit better. Won’t be selling the longs yet. 755 on SPX must hold. I got worried when SPY wasn’t in the
readI’m going to sell all my longs tomorrow. Year-to-date index losses are over 50%. This is a slow-motion crash. It doesn’t happen without a guiding
readI subscribe to the Smart Money Tracker and tonight Gary posted something on his public blog in regards to the new lows: On Oct. 10th
readOriginally posted on November 5th: Short Idea – FSLR Here’s what the chart looks like now (hint: sick dog) As you can see from previous
readNot shown here, but Bollinger Bands are very narrow (not good). I’m still short both SSO and SDS in 1:2 proportion, that is I’m more
readI was here until about 2pm today, made a few hundred $. Still can make money almost daily, but overall I’m pretty demoralized by this
readAll Asian indices are red. Markets feel pretty surreal these days.
readLong ReneSola [[SOL]] @ $4.28, target $7. Still trying to wiggle my way out of EEV mess, holding 7 positions overnight (yes, a clinical case).
readShort Simon Property Group, Inc. [[SPG]] @ $49.97
readView More