• Silver Rush

    Silver Rush!

    All I know is that I shorted silver on Monday, ZSL.  I heard all kinds talk about silver and commodities freaking everyone out from CNBC to the blogosphere and twitter. Now, first of all, let me be perfectly clear in that the proceeds from ZSL countered the total error of buying GLUU at absolute tops. 

    By |Published On: May 8, 2011|2 min read|

  • Long NTAP at $52.76

    So far the market is rebounding well today, and will look to lighten up some of my positions as well, particularly in SSO where I have a huge chunk of my capital in (40%). I’ll probably sell 3/4 of that position today and take the nice profits in hand. Also, the Silver (SLV) play

    By |Published On: May 6, 2011|1 min read|
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    Daily Trading Plan for May 6, 2011

    Current Long Positions (stop-losses in parentheses): GOOG (524.00), NFLX June 270 Calls, AAPL (343.95), SSO (53.99), STZ (22.39), AN (33.67), SLV (32.99) Current Short Positions (stop-losses in parentheses): None BIAS: 66% Long Economic Reports Due Out (Times are EST): Employment Situation (8:30am), Consumer Credit (3pm) My Observations and What to Expect: Futures are significantly higher after

    By |Published On: May 6, 2011|2 min read|

  • Daily Long and Short Setup

    Market is getting hammered yet again today and commodities, in particular Silver (SLV) far worse – down over 28% from its highs. The main thing is that we are trading below 1340 which was a key support level for this market – it’ll be important for the S&P to recover that level by the

    By |Published On: May 5, 2011|0 min read|
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    Trading Plan for April 26, 2011

    Current Long Positions (stop-losses in parentheses): DISCK (36.79), RAX (43.46), HRB (17.39), GOOG (517.00) Current Short Positions (stop-losses in parentheses): None BIAS: 40% Long Economic Reports Due Out (Times are EST): FOMC Meeting Begins, ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), S&P Case-Shiller HPI (9am), Consumer Confidence (10am), State Street Investor Confidence Index (10am)

    By |Published On: April 26, 2011|2 min read|
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    Trade Ideas for February 23, 2010

    If yesterday’s two-point decline in the S&P got you excited, then you’ll really love the fact that heading into the open we are currently in the red. That’s right, the bulls are suddenly not so optimistic in their usual way. What does all this mean? It probably means we drop 5% right at the open,

    By |Published On: February 23, 2010|2 min read|