10:09am
GOOG Vs AAPL trade (the only thing i have left on) is working really nicely … i’m covering my AAPL short tomorrow.. and adding it into my google long hoping it will explode above 630 right now 
1:00am
I am practically 100% cash right now… and i’m looking to be buying some of those SPY puts, in hopes for a sell off due to things in the middle east warming up. I don’t see why the SPY goes much higher than current levels, and i’d like to think that with the nasdaq going off into a bubble formation (with no pull back on double top), we are going to see something drastic happen soon. I’m waiting for a reversal day, but i’ll be piling in very soon.
and that’s what you and many other bears including myself said when SPY hit 90, 100, 110, 112, 120.
That said, I’m long oil and carefully picking longs and shorts like your Paid Service taught me.
That way, when there is a sell off, hopefully the shorts will outperform the long’s downside.
Yup.. but again.. i’m looking for a reversal first.. that’s my sign.
Yea but Idan everyone has been looking for a reversal for almost 6 months and even with the economy in a bad way the continuous flood of money by the Fed is keeping it move up with no end in sight. It’s actually incredible that even with tnsions in the Mideast or anywhere or any bad news about anything the market continues to melt up each and every day What’s it going to take a World War?
yeah… i’ve been looking for a reveresal for a while… but it never hurts to wait..
I am long oil and VXX and its looking very promising into tomorrow…..
Also if Oil sky rockets like I think it will you want to take a look at shorting Airlines, FedEx, UPS, anything transport related….
This is what loose and irresponsible policy by the FED creates….This quote from Edward Abbey comes handy:
“Growth for the sake of growth is the ideology of the cancer cell”.
Edward Abbey
Man it is a sea of red out there right now. Isn’t it funny how when the US markets are closed everything goes red? IF we were open today we would most definitely have a pullback BUT when the markets open tomorrow all will be green. Almost seems like when the US markets are closed all hell breaks out around the world and they plan it that way.
I really want to short this market, but the S&P is already down 15 points in futures. You can never get a good setup in this market when you want short. I had shorts on Friday (TZA 12.43), but dumped before the weekend because you can never count on the market gapping down recently…until now!! I was waiting for the rising bearish wedge to play out and of course it doesn’t play out when the market is open, only when it’s closed. SO frustrating. Either way I’m going to pile in the shorts this week. We’ll be breaking a rising wedge pattern and we’ll see a strong downleg. I’m hoping that the futures make up some ground and we’ll get a gap fill early tomorrow. I will short at that moment only. I think we’ll have a large gap down though tomorrow and we’ll get whips throughout the week. The battle is on!