3:28pm
Interesting trade right now is shorting the QQQQ (Nasdaq etf) vs the SPY (which contains energy). There is no doubt that commodities will be the play for a few more weeks, and I think with a lot of political problems the cyclicals will get hurt as they are today.. a good hedge might be the way to go!
11:41am
Looks like my attempt to short the market yesterday (if only it were open) would have made me money today. Nonetheless i’m making money from the GOOG vs AAPL trade that i took off the table today. I’ll be looking to add to google if we can break 630 again or fall much much lower.
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My portfolio
- long ZNH
- long USO
- long MSFT
- long PBR
- short YHOO
- short WYNN
- short JPM
- short EBAY
CRUDE OIL
93.05
6.85
+7.95%
About time !!!
RED
DOW (Mini)
12370.25 12281.0 -89.2
Good morning. since this is the 2nd of day of the chaos, I believe this is going to blow over rather quickly.
If SP holds 1325 we are fine.
bought 10K shares of TNA at 84.20 premarket this morning
Wow,
My timing could not have been better. I sold my longs on 18FEB2011 and went short the market and long oil. My account is glowing green this morning….I do not want to get to excited since this market is like a cat with 700 lives (not 7). I do have one regret though: On friday I thought of buying EDZ instead of TZA thinking that emerging markets was going south but then I thought that small caps were way overbought and I bought TZA. Well EDZ is up almost 8% this morning. I am holding the following positions and thinking of adding more depending on 11:00 AM action.
200 shares of ERX at 82.81
1000 shares VXX at 28.35 average.
1000 shares of TZA @12.37.
On another note the EDZ TZA pair gives me an interesting trading idea:
How about going Long EDZ and shorting TZA. Basically you are hedging via TZA for the upside and saying that small caps will outperform emerging markets…..Think about it and let me know if this makes sense
I would NOT recommend it. EDZ is a major sell on all counts. Short and Long term with the MACD getting ready to roll over and fall through to the downside.. Why would you want to hedge TZA to the upside when there is no upside? If SP holds onto 1325 today then there is no trend change and SP will be more likely keep moving up in the days to come and people will continue to buy on the dip.
I did not understand your response. Let me explain my proposal again:
You go long the US market via TNA or short TZA (Hedge). You short emerging markets via going long EDZ. Basically you are saying that the US market will outperform emerging markets. You are also saying that if you are wrong about the US market then most likely emerging markets will go haywire too and you win also. I think it is a beautiful trade. Tell me what can go wrong with this one?
I closed TZA on Fri ..too much pain, thankfully held VXX and SH. VXX actually + 2.5% after holding ~ 2 weeks, SH down 4.2%. Watching for the moment
Bought 10 march call on POT at $5.60 with food prices going up and POT having a 3:1 split this month so more people can afford the stock, should be a winner. After the split I will own 3X the calls at around $66 mark.
I am adding more to my shorts here…I am buying the following:
500 shares EDZ @22.42
200 shares of ERX@86.38
Buying 500 shares of HP@62.82
My holdings are:
200 shares of ERX at an average of 84.60
1000 shares VXX at an average of 28.35 average.
1000 shares of TZA @12.37.
500 shares EDZ@22.42
500 shares HP@62.82
I have about 30% cash left
Correction I have 400 shares of ERX at 84.60 average (I just added 200 this morning)
That dip in the market is probably me shorting. LOL
It is a risky business to be buying the dips this week.
Off for the day I will enjoy a nice match of tennis. See you tomorrow….
eee doing well again
?????
Glad I sold GE, bought UCO again. Market is hard to determine.
Been shorting FAS for a while. finally paid off.
now if only XOM would come back down to reality @ 82-83 or even 80..
double down at $86.
more like triple down actually lol.
market cap NOW 1/3rd of canada’s GDP lol.
uup (us dollar) starting to move up, that can cause serious issues for the market (imo). Still short and looking to add…..
Added back 300 shrs of TZA @ $13.409.
I dont know, the market is down 170 points and TZA up .82 cents what a joke!……..not even a dollar LOL. The odds are not in your favor! You are better off with TNA when this LIbya thing blows over and the market digest the good news that was released today, the market will be back up. The trend doesnt change until we break below 1292 on SP
I sold TZA exactly one dollar a share highter Fri afternoon, so it moved a bit.
Doing much better with VXX (up just shy of 10% at the moment)
I beleive there’s a chance this “correction” will continue to surprise people how far this can drop. But TZA is fire, even if you call the direction properly, you have to time it well too. That’s why I closed position Firiday.
Hot money seems to have rotated to smaller issues, FTK’s EEE’s, etc. That’s why I would think if there is a problem in the markets, the smaller caps will lead.
I’m sure there will be dip bying, but if Asia keeps falling I don’t see US rising like a drunken sailor.
I’m up 1 cent or so on trade…enough to almost cover buy commissions. (LOL).
I’m not brave enought to go long with TNA at the moment.
Covered my QID calls for a 10% gain. I had bought these 3 weeks ago so they were trapped. I believe we’ve hit bottom around 1315 on the SPX.
Bought TCK.B March 53 calls for 1.60.
Back from my tennis match and checking the market. Nice green across the board except for….Wait a minute WTF???
ERX???? —> Long OIL BULL 3X ETF down?????. I guess I do not understand the structure of this baby….I will leave it open until tomorrow and if this nonsense bull energy red continues chiao baby with you….UCO/USO is the pair then.
This may be due to the refiners as they usually really tank when there is a big spike in oil prices as it reduces their profitability and increase their costs.
Although it still suprises me to see it in the red.
You might be right I thought it was long the commodity 3X. My bad if it is that then….
Where’s Uncle Ben??
No where to be found…
Any thoughts about DG? Think this could break soon with WalMart, others trying to further margins with higher end products. Main street just doesn’t have the discretionary income anymore.
Wow EEE flashes up to 4.25 this morning and in the afternoon is is crashing un real.
nowhere to hide? AAPL is back down where I sold it a couple of weeks ago. NFLX may feel pressure from Amazon free streaming movies.
Here’s what’s happening in the market, not much green here today http://www.smartmoney.com/map-of-the-market/
Pivots and support / resistance levels http://www.pivotfarm.com/pivot-points.php