I back tested tuesdays action on the portfolio and I would of lost more than 2 mil If I was 100% long....Instead I was close to 40% short, 30% Long and 30% cash and hedged with a 1450/1430 collar for march....I took my double inverse funds off the table at (MZZ and QID) 9:48am and 9:51am (TWM)today...Bought some of the DDM, QLD, SSO and MVV with the new CASH, but watching closely....CASH WAS KING...Nice Bounce today....
Anybody use any of the Profunds for a hedge...
I bought some strong companies like TRN, LRCX, MSFT, GE, JNJ, XING, EBAY, IBM and others...
I love complacency in the market....Buy the Fear and Sell the greed....
*******These were all previous post in this journal and a bunch of dam good warnings......
It's all about the Bank of Japan....
BoJ rate decision: I think the market is paying more heed to the risk of the yen weakening if rates are held steady, rather than the risk of the yen strengthening in the event of a rate rise - trader - Yuji Matsuura at Aozora Banks
It's all about pressure on the CARRY TRADE....If borrows worry or not.... and in my opinion they will have to worry in either paulisble decision the BoJ makes, we get another round of selling....It's like we forget what caused us to sell off in MAY....It was a serious unwinding of the carry trade and it spooked everyone....Now we a very similiar setup happening....I mean Margin was just reported to be at an all time high from the NYSE today after the bell....
02-07-07 06:15 PM
I am quite conservative right now and I did sell 1/5 of my portfolio today and put it short in the TWM and MZZ...Making this play was hard for me in this market, but like I said before early Feb. is where I felt the market was going to get it's pull back....Most indicators I follow are showing just small signs of strenght and earning's are almost over....What is the next catalyst? Bernake speaking soon and the risk of being 100% long with out of the money puts as my only protection that I currently think are going to expire worthless is just too optimistic for this old fart.....
02-11-07 08:09 PM
Anyone one notice the formation of a pretty clear Head and Shoulders pattern built on the QQQQ's.....Just thought I would mention considering this is the 1st leg of the right shoulder....Classic weak volume going into the head, followed by increasing downside pressure....Weak volume test of the left shoulder highs and Friday we get almost every sector down....Every index except utilities were in the red....Leadership like steel, leisure, financial, paper, telecomm and REITS all down over 1% and many of those stocks took a beating...
Needless to say it was a bad day for the market and a bit disturbing seeing the formation on the QQQQ's.....They were a big part of our leadership and could take the DJIA and S&P's right out of thier steady trend line.....Tech made the rally and Tech sure could take it away.....Major leadership broke down Friday and I would be very careful opening up new positions for a hold on Monday....Expiration week as well and Iran on the table....CASH is KING
01-22-07 10:59 AM
Emerging MKTS can and will correct....I have a gut feeling it will be in the very early part of Febuary....BTW
What about the asia bull market going on....Get on board if you already haven't, because I would be happy to thin my positions out to you...
That is all that needs to be said about that bubble...Worried always, but still outperfoming daily...
My largest china play was MCHFX and It has been fully closed out....a little over 55% return.....Closed on the 1/22/2007
10. Bank (Foreign) (Been a very big Bull here, but have hedged these positions with a DXESX (Direxion Emerging Mkts Bear 2x fund) and I'm waiting to unload the banks and go fully into this short fund....
$COSTAverageMAN
Anybody use any of the Profunds for a hedge...
I bought some strong companies like TRN, LRCX, MSFT, GE, JNJ, XING, EBAY, IBM and others...
I love complacency in the market....Buy the Fear and Sell the greed....
*******These were all previous post in this journal and a bunch of dam good warnings......
It's all about the Bank of Japan....
BoJ rate decision: I think the market is paying more heed to the risk of the yen weakening if rates are held steady, rather than the risk of the yen strengthening in the event of a rate rise - trader - Yuji Matsuura at Aozora Banks
It's all about pressure on the CARRY TRADE....If borrows worry or not.... and in my opinion they will have to worry in either paulisble decision the BoJ makes, we get another round of selling....It's like we forget what caused us to sell off in MAY....It was a serious unwinding of the carry trade and it spooked everyone....Now we a very similiar setup happening....I mean Margin was just reported to be at an all time high from the NYSE today after the bell....
02-07-07 06:15 PM
I am quite conservative right now and I did sell 1/5 of my portfolio today and put it short in the TWM and MZZ...Making this play was hard for me in this market, but like I said before early Feb. is where I felt the market was going to get it's pull back....Most indicators I follow are showing just small signs of strenght and earning's are almost over....What is the next catalyst? Bernake speaking soon and the risk of being 100% long with out of the money puts as my only protection that I currently think are going to expire worthless is just too optimistic for this old fart.....
02-11-07 08:09 PM
Anyone one notice the formation of a pretty clear Head and Shoulders pattern built on the QQQQ's.....Just thought I would mention considering this is the 1st leg of the right shoulder....Classic weak volume going into the head, followed by increasing downside pressure....Weak volume test of the left shoulder highs and Friday we get almost every sector down....Every index except utilities were in the red....Leadership like steel, leisure, financial, paper, telecomm and REITS all down over 1% and many of those stocks took a beating...
Needless to say it was a bad day for the market and a bit disturbing seeing the formation on the QQQQ's.....They were a big part of our leadership and could take the DJIA and S&P's right out of thier steady trend line.....Tech made the rally and Tech sure could take it away.....Major leadership broke down Friday and I would be very careful opening up new positions for a hold on Monday....Expiration week as well and Iran on the table....CASH is KING
01-22-07 10:59 AM
Emerging MKTS can and will correct....I have a gut feeling it will be in the very early part of Febuary....BTW
What about the asia bull market going on....Get on board if you already haven't, because I would be happy to thin my positions out to you...
That is all that needs to be said about that bubble...Worried always, but still outperfoming daily...
My largest china play was MCHFX and It has been fully closed out....a little over 55% return.....Closed on the 1/22/2007
10. Bank (Foreign) (Been a very big Bull here, but have hedged these positions with a DXESX (Direxion Emerging Mkts Bear 2x fund) and I'm waiting to unload the banks and go fully into this short fund....
$COSTAverageMAN
