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Look Who got out of all the Momentum Before the SH!T hit the fan in these sectors...

That fast money guy was going to hurt some people with his constant rants about COAL.....

Most coal stocks down over 15% today....

CASH IS KING!!!

$COSTAverageMAN:D :D :D
 
Well the big countdown begins....In 14 hours we will find out if the ECB sinks the dollar and the market with one very stupid rate increase.....Don't they know inflation data is a lagging indicator and that a stronger currency adds to export inflation....This French-y better not be getting any sleep tonight ....

They must know the consequences of how much is riding on this rate rise decision.....Were talking about possible 150 oil easily in the coming weeks, more commodity inflation, and another massive day of selling anything liquid into an ill liquid market day.....and If they push us through 124.70 on the S&P its game over for a much longer period of time....(Or it may be a great buying opportunity....waiting to see if any Real money gets flowing into some different value sectors)

This level is the last glimmer of hope for any bull and I'm telling you things aren't looking to good for them....

Well I hope you investors out there sold your winners, because whats been happening to the Winning sectors out there is pure carnage.....Well Cash is King and I been saying it for 3 weeks now.....Momentum (Steel/Coal/Ag/Mining/Petroleum)names look like dead money after the massive run they had off the March lows, followed by a nasty sell off in June.....

Not to mention a bunch of F-15's in the gulf doing training missions.....

$COSTAverageMAN is in around 50% Currencies (Not the Dollar)...The position are CYB, FXF, FXY, FXE, BZF and 20% commodities....UNG, UGA, UHN, USO, DBA, DBB, GSG, DBC......

The big question is if the dollar has priced in this Rate Rise or Not.....I closed 40% of my double short ETF's today...EEV, FXP, SMN, SKF, SRS, TWM, SDS......The rest of the portfolio is in a few of the utility/utility infrastructure stocks.....Listed on a previous post.......and whatever I have left of CHK(Chesapeake with some 70 July strike puts bought today at 2.10)..

CASH is King!!!!

$COSTAverageMAN
 

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Hi $COST,

Appreciate your view!
What do you think about USO? The trade just gets so unbelievably easy. The music will stop some time too, right?

Thanks!
 
Quote from $CostAverageMAN:

Well the big countdown begins....In 14 hours we will find out if the ECB sinks the dollar and the market with one very stupid rate increase.....Don't they know inflation data is a lagging indicator and that a stronger currency adds to export inflation....This French-y better not be getting any sleep tonight ....

They must know the consequences of how much is riding on this rate rise decision.....Were talking about possible 150 oil easily in the coming weeks, more commodity inflation, and another massive day of selling anything liquid into an ill liquid market day.....and If they push us through 124.70 on the S&P its game over for a much longer period of time....(Or it may be a great buying opportunity....waiting to see if any Real money gets flowing into some different value sectors)

This level is the last glimmer of hope for any bull and I'm telling you things aren't looking to good for them....

Well I hope you investors out there sold your winners, because whats been happening to the Winning sectors out there is pure carnage.....Well Cash is King and I been saying it for 3 weeks now.....Momentum (Steel/Coal/Ag/Mining/Petroleum)names look like dead money after the massive run they had off the March lows, followed by a nasty sell off in June.....

Not to mention a bunch of F-15's in the gulf doing training missions.....

$COSTAverageMAN is in around 50% Currencies (Not the Dollar)...The position are CYB, FXF, FXY, FXE, BZF and 20% commodities....UNG, UGA, UHN, USO, DBA, DBB, GSG, DBC......

The big question is if the dollar has priced in this Rate Rise or Not.....I closed 40% of my double short ETF's today...EEV, FXP, SMN, SKF, SRS, TWM, SDS......The rest of the portfolio is in a few of the utility/utility infrastructure stocks.....Listed on a previous post.......and whatever I have left of CHK(Chesapeake with some 70 July strike puts bought today at 2.10)..

CASH is King!!!!

$COSTAverageMAN
More...


No RJI? Rojers Raw Materials?
 
Thanks for your perspective.

Also in TWM & DBA with a tight stop pending tomorrow. Less concerned about getting stopped out than missing a giant move.

Nonfarm payroll also out tomorrow. Could be ugly for the buck.
 
WOW...RJI....Very nice....Never really looked at it before...But Thanks...what a great way to play them all....good volume too.....

And this is why I still come to ET and post....Thanks for the info...

$COSTAverageMAN
 

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Quote from $CostAverageMAN:

WOW...RJI....Very nice....Never really looked at it before...But Thanks...what a great way to play them all....good volume too.....

And this is why I still come to ET and post....Thanks for the info...

$COSTAverageMAN
More...


By the way, u can also buy the sectors

RJA for agricultural
RJN for energy
RJZ for metals

I have been watching the Rogers Raw Material Trakkers that trade at the CME since it rolled out x many years ago. This etf RJI is were the actions been since they rolled it out.
 
$COSTAverageMAN is in around 50% Currencies (Not the Dollar)...The position are CYB, FXF, FXY, FXE, BZF and 20% commodities....UNG, UGA, UHN, USO, DBA, DBB, GSG, DBC......

The big question is if the dollar has priced in this Rate Rise or Not.....I closed 40% of my double short ETF's today...EEV, FXP, SMN, SKF, SRS, TWM, SDS......The rest of the portfolio is in a few of the utility/utility infrastructure stocks.....Listed on a previous post.......and whatever I have left of CHK(Chesapeake with some 70 July strike puts bought today at 2.10)..

CASH is King!!!!

$COSTAverageMAN


Well from this post around a week ago the only thing I have done is to completely liquidate all equity positions and I added into or opened new positions in EFU, RJI, UOY and SKF....I am completely out of SMN and SRS.....I added a small position in the TIP and TLT as a flight to safety move.....

GL to all and good trading to you....Not much to say about old FRE and FNM except....WOW....and thank god these commodity etfs didn't shut down.....One reason why I added to UOY....

Can't just feel the pain setting in around the world......I at least think I know that most of yall go to Cash over night, but can you imagine how many brokers out there are dodging phone calls left and right...poor guys having to deal with monthly statement questions.....Just makes me want to refine a famous quote "Don't ask what your country can do for you, ask what you can do for YOURSELF"

$COSTAverageMAN
 
How could you not want to trade on a day like today.....

WOW.....FRE and FNM.... well I missed the boat on that one today, but I was able to put on a few positions to the long side in the middle of the panic..... I went with the Casinos and a Bank today....
......Overweighted more on MGM after the drumming it took yesterday.....I did do all this before this News about the discount window came public...So I guess I got lucky, but hey a win is a win.....The MGM trade I posted in a picture....Still holding 50% of the position (and luckily so given I sold half before the 30 point move in the SPX took place)....

MGM was a pure capitulation day doing 14 mil in volume yesterday and another nice doji today on 15 mil + volume so far......BTW the doji was there before the SPX broke out.....(((That is good sign to me))))

Remember it's just one mans opinion but this setup is what I'm always looking for....Any thoughts?

$COSTAverageMAN
 

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And here the chart is to the daily
.....BTW....Still holding the Shorts, but I did reduce the SKF and TWM down a bit on the news.....TIP and TLT were closed out as well....Not sure why I choose those the other day, but IMHO not the speculative way to play inflation.....Much easier just owning commodities....

$COSTAverageMAN
 

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