Tag Archive for 'DZZ'

It’s about time

Published on May 3, 2011, 10:43 pm in Trading. Closed Tags: , , , .

Finally, a pullback, as small as it is….so far. Except for those TBT calls, which are still stinking, the USO puts and the DZZ and ZSL shares are doing their job. I’ve got trailing stops on them now, so at worst case I’ll be out for a small profit… at best case is still to be seen, but I’m expecting more.

I guess I’ll go have a drink.

bin Laden Martini … 2 shots and a splash!

Got the bastard

Published on May 2, 2011, 7:38 pm in Trading. Closed Tags: , , , , .

You would think that the U.S. markets would have been a little more patriotic today…but no. Amazing AMZN keeps moving up, even when the indexes moved lower. Either way it felt good to get back to the trading desk after a week of jury duty and power outages.

Fading the gap up this morning was the money-making move….missed by me. :-(     I was bullish until about 11AM when I stepped aside and said WTF? After lunch I joined the bear camp and picked up some TBT calls and USO puts along with a few shares of DZZ and ZSL.

Three out of four worked, with TBT being my loser for the day. Oh well, can’t win’em all.

But the U.S. Navy Seals sure can! Thanks and good job guys! Ding Dong the Witch is Dead!

Interest rates anyone?

Published on April 6, 2011, 10:23 pm in Opinions and Trading. Closed Tags: , , , , , , , , , .

Although volume is still low, it was the highest volume of the week. And crude and gold and silver are still manic bulls! And although we had a gap open to the positive side this morning, we quickly started to meander and flirt with red and green and back to red and back to green. Volatility remained low, confirmed by a narrow-range VIX.

I had a great day taking profits in F ZION and TBT. I’m all out of F and ZION, but still have several options in TBT. Banks/financials finally had their day today and am still holding C XLF and HCBK. My long hedges are SPY puts and a few SDS calls. It was a good day for the ol’ portfolio.

With the ECB announcing their rate hike Thursday morning (about 7:45AM EST), I’ll be watching TBT closely to make sure it does not become a “sell the news” event. If the UK also announces a rate hike, it could turn into a great day for TBT. Either way, interest rates and inflation will be moving up eventually! I’ve also got DZZ and ZSL on my watchlist…those ETFs are gold short and silver short….gotta come down soon, don’t you think?

“It is health that is real wealth and not pieces of gold and silver.”
— Mahatma Gandhi

Manipulation?

Published on October 21, 2010, 10:18 pm in Opinions and Trading. Closed Tags: , , , .

When you look up “manipulation” in the dictionary these days, you see the financial marketplace….be it the Fed printing money or the PPT or all the governments playing with their currencies….Any which way you look at it, this market is screwed up!

Good news is good, bad news is good…one day either the bulls or the bears will be disappointed. Just look at the latest earnings reports. Companies are doing better at the expense of Main Street. They need to continue to layoff and shed expenses to keep the EPS going higher. The toplines are hurting. How much longer can this go on?

Time cycles are being compressed in the markets. What took weeks to happen years ago, is now happening in days, and today it felt like hours. Of course, most trades are now taking fractions of a second by computers placed at the exchanges.

Oh well, you got to just trade what you see….and I still see a topping pattern so I’m still net short. I added some DZZ to take advantage of a gold pullback.

Futures are quiet this evening and there is no economic reports on Friday. Let’s see what the markets think of that! Have fun.