Gotta love ZERO RISK in the SP500 = $$$

Gave back, be careful adding shorts, if you are adding short positions slowly go back in and do it, Im trading a bit differently now than I was in October 2014 when I thought the bear market was coming, it didn't, I kept that in mind and unloaded almost every short I owned the last week knowing we were going to get days of 300-600 point rallies I then added in longs and now yesterday at the close and today at the open have been slowly adding in short etfs

These are the positions I took in the last 24 hours...

SDOW bought 1/4 position at $24.75
SDOW bought 1/4 position at $22.75 will add next lot under $20, cost average at $23.75
TZA bought 1/3 position at $12.25 will add next lot under $11.00
SQQQ bought 1/2 position at $25.25 will add next lot under $21 or nasdaq 5000+
ERY bought 1/4 position at $31.25 will add next lot under $25
FAZ bought 1/4 position at $13 had a great profit mid day yesterday but held on, will add more to that position under $11.00


WILL jump into SPXS when s$p gets back above 2075+

Took a little time but all these positions are in the GREEN!!!

SOLD all SDOW today @ $23.90, only a tiny profit, dow should break below 16,000 now since i just got rid of all my shares :) will buy back SDOW below $22.50
SOLD all ERY yesterday at $31.62, small profit, will buy back ERY below $30

STILL Holding
TZA
SQQQ
FAZ
 
MORE predictions of negative interest rates:


Societe Generale's Albert Edwards believes that the Federal Reserve should lower its benchmark rate below zero during the next economic downturn.

Negative rates are a last-resort monetary policy tool that central banks use to crush deflation and encourage consumer spending.


fredgraph.jpg



http://www.businessinsider.com/albert-edwards-negative-us-interest-rates-2015-9
 
all this short covering :confused:


you wouldn't expect that after that CAT news out this morning....if you bought the dow down over 200 points start unwinding some positions.

I sold all my SDOW at $23.90, will buy back after next triple digit dow up day
Bought GUSH $10.25
Went back in ERY $31.45
Went back in UVXY $51.45
 
Back
Top