I know I’m not the only one annoyed by this market. It’s not that we are in a trading range that’s pissing me off, it’s the non-sensical up and down days we are seeing.
Anyway, I’m not going to let my emotions get in the way. As we all can see, we’re in an “up one day, down the next” envoroment. So today, I decided to buy the indexes on weakness.
I bought 300 shares of SSO (leveraged long S&P 500) at $87.49.
I bought 300 shares of DDM (leveraged long Dow) at $89.12.
I bought 200 shares of QLD (leveraged long Q) at $95.29.
I bought 200 shares of DBA (ag ETF) at $26.60.
These are not technical trades. In fact, the technicals don’t look good for the long side. These are short term trades I expect to hold for a day or two based on the current market patterns I’m seeing. I am also using tight stops and small position sizes.