Tag Archive for 'XLE'

I did it again

Published on November 12, 2010, 8:50 pm in Trading. Closed Tags: , , , , .

Yes, going short last night worked out well…again…..3 days in a row! Cashed out of TWM QQQ puts and IWM puts. Although today, near the close, I went long via SPY, not much, but enough to put me in a net long position. Also long a few UUP and short XLE.

I’ll see Monday how that worked out! :mrgreen:

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Tomorrow!

Published on September 2, 2010, 9:48 pm in Opinions and Trading. Closed Tags: , , , , , , .

Yes, it’s all about the employment numbers on Friday. Are we overbought?….but is it a good overbought? The kind of overbought we got into in mid-March 2009? Friday’s reports will tell us.

All the news has been “not bad” the past 2 days…and if we can get another day’s worth, boy oh boy, we may go into the Labor Day weekend over 1100 S&P. Got to admit, that would be nice!

My moneymakers today were QTM AEZS USO and XLE. Friday’s pick’s will have to wait for the Non-Farm payroll report to get a feel for the trend. I would like to see oil try for $76 and the US dollar to rest in the $82 area. What the hell, the market never does what I want it to do. 8O

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Same old, same old

Published on August 16, 2010, 8:45 pm in Charts and Trading. Closed Tags: , , , , , .

For three days in a row we have opened and closed right about the same place. This kind of trading shows we are confused and don’t know which way to go!

August is usually tricky trading because of the low volume. It’s a time to practice holding onto your money or taking a vacation.

I’m sitting a little bit long with a few January call options in XLK XLE XLF and TBT. I’m holding most of my money, but thought some limited speculative plays using options wouldn’t break my bank. Here’s to a great 200-point turnaround Tuesday! ;)

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