Thursday, November 29, 2012

sold all UCO at 27.94 for 4.4% gain

v strong open and breadth. Sold off all UCO on big gap up. Generally if trading in range and get a reversal candle set up i sell within a day or two. Anyhow now flat again.

Wednesday, November 28, 2012

stopped out at 56.5 SDS

promising open where I could have taken advantage of the nice drop but let things roll. and saw Profits get vaporized. Took large position of UCO at 26.76 based on todays dip and hollow candle. Still looking for short entry but am neutral for now

Tuesday, November 13, 2012


sold off DGP for minus 1% pre and VXX for 2% gain pre. Took quick day trade w SSO and sold off late morning. Im very conflicted on market direction. Intermediate term is down but still feel like a bounce is lurking. We are at long entry point on daily SPY and NYMO chart yet the 60 min timeframe for VIX looks like we have a big downdraft possible. I dont like flipping coins so I will wait.

Sunday, November 11, 2012

Bounce OPEX week?

We are very oversold but im not betting big on bounces. SsO position ws stopped out at -1%. Only to see SPY zoom up to almost 1% then settle at even. DGP position was held over weekend and may add this week

Thursday, November 8, 2012

sold QID for 7.5% gain at close

closed QID and picked up DGP and some SSO for possible bounce Tomorrow. that the SSO position will be closed tomrrow. highly likely. Volume eased up a bit and stretched beyond bollingers. DGP may be held through weekend

Wednesday, November 7, 2012

sold VXX for 6% gain

Expecting a bounce tomorrow but might not happen. Still holding most of QID which is up4%. Volume was very strong today. I would be surprised not to see another big down day within a week

short via VXX and QID

closed out my feb VXX puts yesterday as ive been basically only slightly long recently. Bought QID at close yesterday and VXX in premarket.the charts look very ugly although at some point there will be a big squeezeB
Closed last longs at close. Picked up QID afterhours and smaller share of VXX pre today. Charts look ugly but still that big short dqueeze is lurking

July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...