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Still holding long ERY, TZA, SQQQ, SRTY, short, ERX TNA & other long EFT's....
10% long 50% short & 40% cash
Summer doldrums have set in! I am out for the most part of any serious action right now. I have a position in NYBD, just to see if any P&D action comes out of it for me to sell into. I am setting up for a break in OIL, it has held up longer than we expected, when it breaks, as it always does, it will be a big bet for me on the downside. Really just waiting for Oct/Nov it will be the time to jump back in with both feet for me.
surf
oops i sent u pm, didn't realize u can't respond..andy doesn't care if we use this thread as the market just keeps going up ha..
nybd - you still like for a move before she goes the way of them all?
VIX rising too. Once the computers start selling.....
TZA & other short funds are breaking out to the upside:
http://stockcharts.com/h-sc/ui?s=tza&p=D&yr=0&mn=6&dy=0&id=p90029751166
Watch when the VIX shoots up to the 20 range. Then we willl go down.
watching spy puts for entry soon for a swing..amazing how resilient this market is..
Shorting ERX today & going long ERY.....
Oil prices should be turning down in the coming weeks....
Staying short, ugly time always seems to show its head, history says we will have bear market drops….
I loaded uo on OEX Puts the last few days. This sell off I feel will continue.
think its time to start preparing for summer soon. Need to build a watch list of 20-30 most bloated pigs out there and start nibbling small puts.
Not ready to call market top yet and probably will stay away from shorting indexes for now but feeling like its time for select individual stocks. Will work on a list and post what I find over next few days. If you got some picks or anyone else reading here post away.
I think this is another 2000, 2007 top. The say it is the fighting in Ukraine.....but higher rates, and the boomers is it.
The chart is breaking down again, the bounce seems to be over, we are looking at lower highs & maybe lower lows to come on the chart:
http://stockcharts.com/h-sc/ui?s=djia&p=D&yr=0&mn=6&dy=0&id=p90029751166
http://stockcharts.com/h-sc/ui?s=comp&p=D&yr=0&mn=6&dy=0&id=p90029751166
http://stockcharts.com/h-sc/ui?s=sp500&p=D&yr=0&mn=6&dy=0&id=p90029751166
Note: break of DOW 15340 would confirm a down trend on the charts.....
hope markets hold up and go crazy for another 2-3 months. going into summer will look for 6-8 stocks that are up huge on hype and have little cash on hand. Think will just get some cheap otm puts couple months out. If markets finally break should bank, even if they keep going likely break even as every time tried doing this before would always get one or two that'd crap out big making up for the others.
yes, not fun..in fact when we do maui trips i always realize, "ahh, so this is how surfing is supposed to be"...except of course when i got dragged into the rocks at honolua bay - the kook that i am : 0
Surfing the Northwest for me would only be Northern Cal, don't care for think wet-suits or Great Whites. I grew in around 80+ degree water temps, even Southern Cal seems cold to me......
lol..gotcha...
i enjoy any pic with clear warm water..because -
surfing in the northwest, it's thick wet suits, 48 degree water, huge rips, monster shorebreak..and great whites..otherwise, no big deal..
I have long admired female surfers, getting out in a huge line-up & then going for broke. I myself have been a life long surfer, but I am a forty-something guy that again would just rather look at a girl doing a duck-dive than a guy......:)
ps -is that you duck diving there? if so where were u surfing in that pic? (unless location cannot be revealed lol..i get that)
yup..it's done the job of training all shorts to cover quick and all longs to buy all dips...once that's completely cemented in as the rule, i'm expecting a day where dow drops 300, longs buy it up, next day it drops 200, and suddenly panic prevails...not that i'm rooting for that..just seems like we're getting close..ha
Tops take forever to form, unlike V bottoms in a hard down trend that can be an easily seen reversal. This market wants to hurt the Bears & is doing fine job of that, it wants them to throw in the towel to the Bulls prior to really turning down.....
it's amazing..so far every time i've bought spy puts or thought about buying them, they've given great returns..but you have to close out position quick..the other day the 182 puts went from .12 to .8...and then the play was to go long calls..every stinking pullback gets bought huge..
one of these days you'd think it would trap the longs and cause a multi-day/week sell-off/correction..
we'll see..
I am looking to get short again, the bounce off the 200 DMA may have run its course, a retest of that & we will know if this is something bigger than just a correction:
http://stockcharts.com/h-sc/ui?s=djia&p=D&yr=0&mn=6&dy=0&id=p90029751166
http://stockcharts.com/h-sc/ui?s=comp&p=D&yr=0&mn=6&dy=0&id=p90029751166
http://stockcharts.com/h-sc/ui?s=sp500&p=D&yr=0&mn=6&dy=0&id=p90029751166
4 of the last 5 days the market had intra day reversals. Only Thursday the 20th was it up all session. I feel the market reversal is near.
$SOCR is an amazing pick! Check it out, 4.4M float and a CEO vowing to keep it unchanged!
GMCR on short watch with this huge gap open today:
http://stockcharts.com/h-sc/ui?s=gmcr&p=D&yr=0&mn=6&dy=0&id=p90029751166
The DOW breaks its current level, the next support is 14800 & then 13000, this could get ugly quick if the downtrend begins another leg down in the coming days:
http://stockcharts.com/h-sc/ui?s=djia&p=D&yr=0&mn=6&dy=0&id=p90029751166
http://stockcharts.com/h-sc/ui?s=comp&p=D&yr=0&mn=6&dy=0&id=p90029751166
http://stockcharts.com/h-sc/ui?s=sp500&p=D&yr=0&mn=6&dy=0&id=p90029751166
That was 'RE: post #982
short otc/pinks?
How do you short unimaginable stock? Volume today was a half billion less in the SP500. Still going down.
yes, should be huge..
I am not sure. I got a quote on Yahoo tonight. It I was up. The chart moves opposite direction to the market.
weird, tried placing a tester buy just to check and says invalid symbol. Does this one not do the daily re-balance stuff that eats away at its value?
Its an ETF and only has a closing quote. That it does not expire is one thing I like about it. I bought it in December.
get that part. just weird not showing any volume on stockcharts and under profile says 25k min initial investment.
nice, good timing. Thinking SPY does another 2-4% down then bounces some? Don't want to chase here but will definitely be looking for lower highs next bounce to snag some puts.
DXSSX is a 2x short the SP500 fund. I posted on it earlier.
man I got to flip my etrade account next few days and get centerpoint up and running. Imagine what we could do on way down shorting otc/pinks when spicket get turned off...
DXSSX is that a mutual fund type deal or something?
looks like markets losing some important resistance levels. Unless markets snap back tomorrow we'll be testing 200 dma and that bigger trend line below in a hurry.
Been a long way up here, this might be the beginning of an end for this bull market. Just has that feel, like our convo in chat about pink/otc markets. Seems like after each major bull top when big boards start to crash OTCBB and pinks go crazy. Pinks have just been absolutely ridiculous of late.
I feel we may be in for more than a 10-15% coorrection. Something similar to the 2007 fall. Glad I sold out some Friday.. my short etf up 4.3%
Holding SRTY, VXX, TZA, ERX, SQQQ, SPXS, etc
May take some off the table today.....
http://stockcharts.com/h-sc/ui?s=djia&p=D&yr=0&mn=6&dy=0&id=p90029751166
http://stockcharts.com/h-sc/ui?s=comp&p=D&yr=0&mn=6&dy=0&id=p90029751166
http://stockcharts.com/h-sc/ui?s=sp500&p=D&yr=0&mn=6&dy=0&id=p90029751166
The commentators on CNBC are just talking heads. Permanent bulls who mostly want to sell air time and their careers.
http://finance.yahoo.com/q/hp?s=%5EGSPC+Historical+Prices
Volume when it sells off, is much greater than when it advances. I saw this in 2007 and to me this is a key indicator, seldom mentioned by the puppets.
the other day i debated the 184 puts all day...turned into 5 bagger without me..seems like this channel buy dips sell tops works perfect like u say..
but man, this market feels like it's gone up for so so long, that we're due for a 10-15% pullback..u know, where the guys on cnbc are screaming the sky is falling etc..
Yes, the time element has been frustrating. I bought DXSSX. With options there is a time element too. The chart on DXSSX shows a linear fall, it seems like. What is your opinion?
which ETF? Am sure you probably know leveraged ETFs make no sense longing if you looking to hold for some time. Shorting long ETF works way better as decay works in your favor, probably a big reason why them puts are pricey.
I priced puts on the OEX. VERY pricey. I ended up just selling for cash. I have a 2x SP500 short ETF too.
I created this board so we could share short picks during the rough times. All short candidates are welcome. Whether its for intraday, swing trade or longer term hold. Please no OTC/PINK shorts, can't short them. With your pick please include the reasons why its a good short, entry, exit and stop points. Technical analysis is a must here and any big fundamental issues should also be pointed out.
Shorting can be EXTREMELY risky since you can lose much more than your original investment. Stops are a must with EVERY short trade!!!!!
DO NOT short/buy any stock mentioned on this board without doing your own DD first. Its your money!!!! Don't let somebody else lose it.
Good luck and as always happy trading!!! :)
UltraShort ETF funds for hedging in a BAD market:
Two China Hedge Plays:
(2)New funds with 3 times the leverage:
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