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Hey, Im just doing what the market is telling me to do. The market told me last year that it could not get above its year 2000 high. That was a clear sign to all present to simply go short or buy puts. The market is still giving me signs. Its clear to me that these rallies are nothing more...

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My stop is at 7.25, but I covered my position with calls. I averaged up the short today right when it hit 6.94. I dont think its going to move higher from here. I took a loss on the short so far, but it evened out with the calls. if it goes higher then I'll just make more money on the...

http://finance.yahoo.com/q/bc?s=T,BAC,CVX,XOM,GE,JPM,JNJ,MSFT,PFE,PG Look at the top 10 holdings of the spy which consist of 20% of the entire etf. Do any of these charts look bullish to you?

114 by the summer DeepFried.

My strategy in trading the index etfs is long dated in the money calls/puts. Its a conservative strategy, but it does make me considerable cash and is the majority of my trading. I sometimes go long/short stocks, but mainly trade the spy and iwm. Its worked for me for quite a while now...

If an investor were truly diligent, then they would have made yearly purchases during times of market downside and they might have fared better. Of course there are dividends and hopefully those taxable dividends help them cushion the blows. However, the regular investor usually just buys...

How sad is this? The diligent investor who started investing into the SPY in 2006 is now staring at a loss or break-even at best. There are some scarier charts such as the DVY and the PEY. Both of these ETFS were bandied about by the CNBC stock pumpers for the last 24 months as the safe...

It appears my puts are up nicely from yesterday. It appears this is just how imagined it. The SPY roaring into the close like an airplane on fire.

Looks like the asian markets are down by more then 1%. Futures keep tanking downward. Cant wait until that report tommorrow and the minutes to see the SPY come roaring in along with my puts skyrocketing. Those puts were dirt cheap today with all the positive spirit out there and the talk of...

Right now the futures are in the red. Some disappointing news coming from AMD and quite a few others. Horrible earnings and more layoffs to follow. We'll open tommorrow with a housing report that will make the Spy flame in and then the clincher will be the FOMC meetings which will not...

Just looked at the economic calendar. We will start off tommorrow with a horrible new home sales report that will make the headlines. Then we will receive a further pounding with FOMC minutes that will reveal some tragic tale telling us about recession and just how bad the economy is...

I stepped out to go to the Coffee Bean for a while and then I come back to find this chart. I look at price very simply without indicators except for maybe Bollinger Bands/Keltner channels, a few simple trend lines, moving averages and some simple concepts. The price didnt make it through...

Thats it. Turning now towards the end of the day. All we need is a news story to force it down tommorrow and then to the bottom of the channel. Puts are dirt cheap right now for the SPY. Going to pick some up as we speak.

Here is what the trade should look like if successful... Compare this qqqq chart from Feb 2007 along with today's spy chart.

My experience with price is that when it gets in these consolidation channels then it either breaks much higher or much lower. The only thing that seems certain is when price hits the top of the channel and doesnt make it through then it goes down. When it hits the bottom of the channel...

Check out the inverse.

Look at the chart. Spy bottomed twice and it appears there is resistance going through 138. If it cant make it through 138, then its going to turn around hard on us. I bought some puts just now. This isnt really a triple top, but its similiar in the fact that the index cant make it through...

It looks like Ford is offering some nicer vehicles then it has in the last 20 years, however, their efforts are still way too late. However, the Accord is still superior all the way around to the Taurus. Actually, most everything that Honda has had out for the last few years is much better...

I dont think the people in Florida or SoCal are an intellectual wasteland. I believe its their priorities that are the question though. If you sit in a Starbucks or NYC diner one afternoon, you constantly overhear folks strategizing and talking about the next step in life. If you sit on a...