hindsight is 20/20. I shorted RIMM yesterday and covered it at the low today but still have all my other positions. You have to decide whether you think this thing is really going to cave in long term or whether you want to trade in and out. No point in holding these things if on the first big down day, you bail out. I would rebuy EDZ but that is just me! That one turned out well but there COULD be a time where we just continue to drop. While the bulls talk about this ramp job as being a good thing, I think all this volatility can't be good for the bulls.
You know I got out of EDZ, thinking of placing order to get back in at 5.70. I did not sell any TZA today. I thought about taking some off the table and reload. Would have been the smart move.
A couple days back I suggested that $RUT/IWM would bounce 1% off the 50 day MA (62.19 for IWM), and that it would yield a 3% scalp with TNA. My numbers show that a TNA buy at 42.05 (10:02 am), sell at 43.31 (at the 2pm surge) would fulfill that condition. Sounds like you took the trade. Congrats.
hindsight is 20/20. I shorted RIMM yesterday and covered it at the low today but still have all my other positions. You have to decide whether you think this thing is really going to cave in long term or whether you want to trade in and out. No point in holding these things if on the first big down day, you bail out. I would rebuy EDZ but that is just me! That one turned out well but there COULD be a time where we just continue to drop. While the bulls talk about this ramp job as being a good thing, I think all this volatility can't be good for the bulls.
You know I got out of EDZ, thinking of placing order to get back in at 5.70. I did not sell any TZA today. I thought about taking some off the table and reload. Would have been the smart move.
Good luck Red! Still think we are headed lower. The PPT can fight it all they want to 🙂
Yeah Earl!
I dipped in the waters here with a 109/105 put spread. Let's see what happens tomorrow?
There are times when it pays to trade with the robots rather than against them. This is one of those times.
Dreadwin,
Nice call 🙂
Never so sure about it, though, in the middle of it 🙂
A couple days back I suggested that $RUT/IWM would bounce 1% off the 50 day MA (62.19 for IWM), and that it would yield a 3% scalp with TNA. My numbers show that a TNA buy at 42.05 (10:02 am), sell at 43.31 (at the 2pm surge) would fulfill that condition. Sounds like you took the trade. Congrats.
Great, I get fantastic technical analysis and you get compliments. Good trade in my book!
Pardon the fundementals …..BUT
One analyst/trader on forex TV is looking for a negative revision for 4th quarter GDP comes out fri 8:30am, which he says will be neg for stocks.
Ramsey Bilbiesi tues 2/23 4:43PM
http://www.forextv.com/Forex/Video/Video.jsp?ch…
skip to about 5min 50sec on the
This is consistant with an early pop (Pre 8:30am est) than a sell off in stocks.