Category: market notes
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Get Ready to Short the Bounce
Hopefully this bounce can last another day or two. I will use market strength tomorrow to deploy a few short plays. A lot of sectors are setting up the same way, so I’ll stick to QID and a few select sectors and stocks. Financials, commodities (not oil), tech and China…
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Watchlist Notes
Here are a list of stocks that I am tracking. QID: buy pullbacks, support at $53-54DDM and QLD: use if playing market bounce (2X long indexes)XLE: R=59, stop at $54VLO: R=59, stop at $55-56STLD: watch 36 supportEWZ: at support? watch shortable bounce to REWT: sameLEH: sameAKAM: sameNVEC: nice long chartAlso…
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E-Mails that Concern Me: The Market is Fine!
I’ve received a good dozen e-mails telling me that the worst is over, the panic was and still is a perfect time to buy (one reader told me he is going “all in” on margin) and that the 97 and 87 panics are examples we can use as reference. My…
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How I will play this market and Trades
Here are the notes I wrote to myself last night: Control your emotions. Do not feel the need to make any big bets or predictions. Do not feel the need to make money out of this fall. It’s okay to make some bets, but make sure to use a small…