Monday, June 14, 2010

Market thoughts 6/14

Markets were choppy this morning , I had 6 quick losers in a row FAZ FAS long, short, reverse, repeat, rinse. So don't think that I don't have trades that don't work. Loses were small because that is the plan. I was still a bit tired (in a fog) from the weekends calorie burn http://hydrogenplusstupidity.blogspot.com/ so that may be why.
Market direction picked up and then provided high probability signals that carried through. APOL was a classic mover that kept on giving ez signals. Keep watching stocks like that as they are in play and anything can happen.


bot FAS bounce




















sold and went shhort















cover FAS




with 5 minutes to go I'm taking the cash

VXX
long














VXX sell















APOL short
















APOL cover

When the buying stops







I had a sense of the buying suddenly stopping so I put some short trades on. Now I'll use the dip down to cover and take profits.



FAS short









FAS cover


















TNA short














TNA cover














ZION doji short














ZION cover

short AAPL



















cover AAPL

Milked another $1 from APOL bounce.
Markets are making new lows , be prepared from some wild action. The ETFs should provide some profits todays both directions....

APOL in












APOL out


Classic break lows short on APOL



APOL entry















APOL cover , profit taking



Found a few morning movers


TNA entry
















TNA exit















FAS entry















FAS exit