Tag Archive for 'TZA'

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Unexpected

Published on March 22, 2010, 9:52 pm in Trading. Closed Tags: , .

I really thought we would have a down day on Monday, but I guess all that down sentiment got used up overnight. Futures slipped all night but started recovery right after the cash gap down open and continued upward all day long.

So Monday continued its green streak….well its 28th out of the last 37 Mondays streak! I’m wondering if turnaround Tuesday will continue also?

I’m still in TZA and VIX calls…although I could have got out near the open with a decent profit, not expecting the hot acceptance of healthcare reform, the positions are underwater…but it’s shallow. I’ll give the market some time to clear its head. :twisted:

Here’s something that should juice the market higher: 2010 Bank Failure Tally Hits 37.

Lightning and thunder around here…..I think I’ll backup the computers!

Irrational?

Published on March 18, 2010, 3:59 pm in Trading. Closed Tags: , .

The Russell was down but the Nasdaq was up. The Dow was up but the NYSE was down….and the S&P was just a little below breakeven for the day. Not sure what kept this market up today, but it sure as hell wasn’t anything logical.

Tomorrow is OpEx so trading may be a little crazy. I try not to do much trading because things can move quickly in either direction. My inclination though is to continue adding positions in anticipation of a correction next week. I’ve been nibbling on TZA, both the stock and its calls, and VIX calls. TZA is green and VIX is red. I’ll wait until Monday to decide on some stops.

There’s a couple stocks I looked at that show some incinations to move up: ZANE SHIP QYM HLIT. I’ll put thise on my action list for Friday, but it will take a lot to make me play.

Here’s some interesting reading:

What the VIX Really Tells Us

Is China actually bankrupt?

Break Your Trading Routine.

As Keynes famously once said “The market can stay irrational longer than you can stay solvent”. Be careful out there.