• I went long on SDS this morning, which is an ultrashort of the S&P 500. So far so good. I got in when the S&P was up about 10 points, believing that the market would have a difficult time holding on to the early gains, especially when considering recent difficulty for the general markets to

    |October 26, 2009|1 min read|
  • I went long on TWM, which is the UltraShort for the Russell index, at 26.63 this morning. Right now the trade is profitable, and if there isn’t any further weakening in the index heading into the close, I’ll probably close out my position by the end of day. Right now my stop-loss is 25.99, but

    |October 21, 2009|1 min read|
  • I’m long on the U.S. Dollar by trading in UUP. It’s an ETF that goes long on the U.S. Dollar versus all other major currencies. This is an indirect way of shorting gold with the idea that weakness in gold will lead to strength in the dollar. I’m not going to play this for long,

    |October 15, 2009|1 min read|
  • Here’s a chart on PST – the ProShares UltraShort of the 7-10 Year Treasury. As you can see it took a huge nose dive back in late 2008, but what I really like here is the huge role support has played at the $51 level nearly to perfection. On four separate occasions, the stock has

    |October 12, 2009|1 min read|
  • As you have all probably heard, whether you watch Fox News, CNBC, Bloomberg Radio, or any other form of media, gold is breaking out to new highs and everyone seems to be jumping on the bandwagon. The promoters of all those lame infomercials that you hear on TV about “Celebrity So-and-So” buying gold because they want to protect

    |October 7, 2009|1 min read|
  • The Exchange Traded Fund (SMH) provides for a solid risk-reward play. The ETF buys companies that do business in the semi-conductor industry, and of late the industry has been showing noticeable weakness. First with the slip below the critical 50-day moving average, (though it is currently trading above it after the rallies on Monday and

    |October 7, 2009|1 min read|
  • One more trade to add to the portfolio with Mercury General (MCY) at 36.50. If this stock can break out of the consolidated trading range that it has been in for the past two months, then we could see some serious upside.

    |September 29, 2009|1 min read|
  • Last week RIMM missed their revenue estimates big time, and as a result saw their stock price fall from the mid-80’s down into the 60’s. Today is the first day that it has showed any positive signs – showing strength at and around $66-67. This is a major support level for RIMM, and I have

    |September 29, 2009|1 min read|
  • Be sure to become a member if you haven't yet by Clicking Here. Today's trade setup offers an excellent risk/reward scenerio in an industry that has recently been showing some descent strength. Check it out!

    |September 29, 2009|0 min read|
  • |September 28, 2009|0 min read|