Thinking about going long the dollar in IRA.
Stop would be recent low, 24.8, target would be a breakout above past high, about 29. However since this is a more 'boring' trade and my IRA account is only 10k, I might just wait for something more exciting. Currently, half my IRA is long FAZ, now thats exciting!
Friday, March 20, 2009
More Indicators
Found a site that has more indicators than StockCharts. Here it is, I will add a few more to my left side.
Wednesday, March 18, 2009
Getting Overbought
Tuesday, March 17, 2009
Monday, March 16, 2009
Financials, keep on going
This post is just to vent. FAS is trading north of 5.7, I sold mine for 3.7ish, thats 2 points I missed, or more than 50%!! Tried calling the bottom, did a very good job (a little early), but then I did not have the balls to ride them up. Guess it is hard to have confidence in this bear market. I should work on that!
Thursday, March 12, 2009
Mixed Feelings
We aren't even close to being 'overbought' here due to the pain stocks have taken recently. It feels like everyone has turned bullish, I am not sure if this is a good or bad thing, but the market is moving up with force. I think a good medium term play (1-2 weeks) is to short DTO the ultra long oil fund. If oil moves up or even sideways then this thing will come back to earth. Its a shame I sold FAS so soon, but I did not think the bulls had it in them for all this action. Maybe XLF has really put in a bottom, close to my prediction.
Tuesday, March 10, 2009
Up Down Volume
Out of FAS
Sold, all my FAS at 3.74. Probably should hold for a bit longer, but it feels nice to have big profits. My IRA needs them!
Selling some more
Sold all my UYG, now I only have my 2 FAS purchases for a very nice profit, will hold till end of day at least.
Financials Low
Selling
I am selling half of my first batch of financials for a slight loss (UYG). My overall position is in the green, so I want to reduce size. Hopefully I will be able to sell the rest of UYG for a slight profit by end of day and I will have my FAS left at an average of 2.74
Friday, March 6, 2009
Thursday, March 5, 2009
Financials
Bought some FAS at 2.98, will this be the end of me? One more purchase, FAS below 2.7.
Edit: Probably should've entered lower, my UYG to FAS convergence was off. FAS < 2.95 would have been the appropriate entry.
Edit: Probably should've entered lower, my UYG to FAS convergence was off. FAS < 2.95 would have been the appropriate entry.
Wednesday, March 4, 2009
UYG
Since XLF has hit my target area, I am starting a position in UYG at 1.77.
I will add more < 1.6
Very speculative.
I will add more < 1.6
Very speculative.
Tuesday, March 3, 2009
Rally?
Monday, March 2, 2009
Indicators
Indicators show slight oversold. There might be a bounce, but don't put your hopes and dreams on it, better to anticipate a bounce lower.
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