etftalk's Account

[etftalk]

Picking up some FAZ (http://finance.yahoo.com/q?s=faz) here @ $45.15

Just in case this support decides to give-way this afternoon. Dow currently 7950.

[XL-entLady]

Welcome - - to your world! :bigsmile:

Lady

[etftalk]

I have been trying to be patient, waiting for a trade from Trader Fred, but I couldn't take it anymore. :)

[etftalk]

Picking up some FAZ (http://finance.yahoo.com/q?s=faz) here @ $45.15
Just sold FAZ @ 61.02

+35.1%

[XL-entLady]

Just sold FAZ @ 61.02

+35.1%
Wow, congratulations! :bigsmile:

I was going to buy FAZ and GLD first thing this morning but our area had a power outage that lasted for about 4 hours today and by the time I could have executed the trades the window was gone. Pits!

But one thing about this market - - there will be other chances to bet that things will get worse. :rolleyes: :nuts:

Lady

[etftalk]

But one thing about this market - - there will be other chances to bet that things will get worse. :rolleyes: :nuts:
Thanks Lady. There is a big old gap in the S&P. I can see the market dropping another day or two, but that gap near the wedge break may be a target for any relief rally later in the week.

Friday's low 825 | Today's high 818

http://www.etftalk.com/images/forum/gap1.gif

[XL-entLady]

Thanks Lady. There is a big old gap in the S&P. I can see the market dropping another day or two, but that gap near the wedge break may be a target for any relief rally later in the week.

Friday's low 825 | Today's high 818

http://www.etftalk.com/images/forum/gap1.gif
I agree. I'm planning to buy SSO tomorrow if the price is right but I'll not plan to hold it for long.

Lady

[Gumby]

Just sold FAZ @ 61.02

+35.1%

Great Trade :)

[Show-me]

That was a great entry point, I jumped the gun and got in at 60. I'm thinking of dumping it and waiting for a better set up.

Nice job Tom!

[etftalk]

Bought UCO @ 5.95

[Bullitt]

Good idea on the extended weakness. What are you looking for, a move up to that gap around $7?

Perhaps this is a version of the seven day extension fade?
http://www.investopedia.com/articles/forex/08/seven-day-fade.asp

[etftalk]

Bought UCO @ 5.95
I actually hate the chart on this puppy as oil looks pathetic. But I am playing this as play on a potential snap-back rally in stocks - possibly before the end of this options expiration week, or next week. Oil could run up 15% to 20% in no time, and this ultra ETF would really benefit. And yes, there is a big gap near 7.40.

I won't thank show-me yet for the heads up on this one, but hopefully next week we will be high fiving each other. :)

[Bullitt]

Oh, I know. DXO was a bust, I'm glad I took my money and ran from that when I did. UCO is a better option, though I like the prospects for UGA here sitting on support at 20.

[etftalk]

By the way, at Lady's suggestion:

UCO = Ultra ProShare, 2X the Dow Jones AIG Crude Oil Sub-Index (DJAIGCL)

[etftalk]

Oil could run up 15% to 20% in no time, and this ultra ETF would really benefit.
OK, maybe I was wrong. Oil was up 12.3% today, and UCO was up "just" 11.5%. I know Exxon was downgraded today, so perhaps that is why DJAIGCL was only up about 6.5%.

[etftalk]

http://www.thestreet.com/_yahoo/stor...FREE&cm_ite=NA (http://www.thestreet.com/_yahoo/story/10464960/1/cramers-stop-trading-exxon-and-oil.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA)
"The fact that Exxon was downgraded by both Barclays and Bernstein today but is still seeing upside "means that oil is done going down," Cramer said. "The oil bears are going to have to put up or shut up soon, and I think they're going to shut up."

[Show-me]

OK, maybe I was wrong. Oil was up 12.3% today, and UCO was up "just" 11.5%. I know Exxon was downgraded today, so perhaps that is why DJAIGCL was only up about 6.5%.

UCO is up 14.86% and DXO is up 11.97% but they track different oils. Dxo tracks West Texas Crude and the other I am not sure.

[Show-me]

I don't like DXO because it is a Note and not a Fund.

I have found that some of the new ETF's have a tracking error the newer they are and as time goes on track better to the market.

[Show-me]

By the way I really envy you again, nice price.

[etftalk]

I have you to thank. Thanks! :)

[etftalk]

Except for the UCO, I have still not taken a long stock position in my personal account (although I did in my TSP). I'm looking at SPY as a possible conservative play to try to catch a bounce. No postition yet. Watching, waiting.

[etftalk]

Bought SPY @ 76.30

Is an afternoon reversal and some follow-though on Monday too much to ask? S&P now 754, Dow down 200+.

[etftalk]

If the market looks like it is going to close green, I will add some FAS to my SPY position before the close, looking for follow thru on Monday. It must be green just before 4 PM, however, otherwise I'll stick with just the SPY position.

Nice rally in oil this afternoon, also.

[etftalk]

With the S&P down over 1% at the close, I did not add to the long position. Still holding just SPY.

I do see a snap back rally as a good possibility this week, but I must say I am a bit less confident after I received Trader Fred's signals for Tuesday (trade made COB Monday). I get them in advance. :toung: I will post it on the site after 12 noon ET Monday. It surprised me.

[etftalk]

My SPY position is down a modest 0.35 and I am a little torn. I can't help but continue to believe we are going to see a snap back rally, but Trader issues a buy signal on SDS (2 x S&P short) at the close of business today. Sheesh! Sounds like a break of support. I should probably take my small loss and be done with it.

Fred's signals are not always accurate to the day so maybe I will get lucky enough to get a late afternoon rally today, and carry into tomorrow before the selling continues.

I hate when I have to use the word "lucky".

[etftalk]

Well, luck didn't work. The SPY position is now down 1.65 or 2%. Bad, but not horrible. I knew there was a reason I didn't buy SSO or FAS on Friday. :eek:

Still holding but quite worried because of Fred's SDS (2X short S&P) buy signal for Tuesday.

Also, still long UCO from 5.95. Closed today @ 6.22.

[etftalk]

Limit order placed: Buy SSO @ 18.15

[etftalk]

Limit order placed: Buy SSO @ 18.15
Filled:
Bought SSO (2 X S&P Long) @ 18.15

[etftalk]

Bought SPY @ 76.30
Sold SPY @ 77.70.

Seemed like a lucky number, and I still have SSO working on the long side.

[XL-entLady]

Sold SPY @ 77.70.

Seemed like a lucky number, and I still have SSO working on the long side.
Great move, congratulations!

Lady

[JTH]

Wow, you hit the sweet spot on that exit :) I couldn't have timed it any better if I tried 10 times in the last hour :bigsmile:

[Gumby]

Sold SPY @ 77.70.

Seemed like a lucky number, and I still have SSO working on the long side.


Congrats on another great trade:)

[etftalk]

Wow, you hit the sweet spot on that exit :) I couldn't have timed it any better if I tried 10 times in the last hour :bigsmile:
Thanks guys. It actually got up to 77.95, but I was just happy to get out of that one with a gain after what happened Monday.

[etftalk]

I would be looking to reenter SPY here at the 76.00 area, but I am going to pass because I have to run and can't watch it. It could get wild. My stop would be near 74.50. No position.

[etftalk]

Bought UCO @ 5.95
Sold UCO @ 7.17

[Gumby]

Sold UCO @ 7.17


Tom,

That was a great trade. I haven't been following the UCO but it looks like I need to.

[etftalk]

I would be looking to reenter SPY here at the 76.00 area, but I am going to pass because I have to run and can't watch it. It could get wild. My stop would be near 74.50. No position.
I went to have coffee with some friends. I'll have to let them know how much they cost me. :D Ironically, I just saw 77.77 go by the ticker - the lucky numbers again. Oh, well. We can't worry about the ones that got away. Next trade!

[etftalk]

I actually hate the chart on this puppy as oil looks pathetic. But I am playing this as play on a potential snap-back rally in stocks - possibly before the end of this options expiration week, or next week. Oil could run up 15% to 20% in no time, and this ultra ETF would really benefit. And yes, there is a big gap near 7.40.

I won't thank show-me yet for the heads up on this one, but hopefully next week we will be high fiving each other. :)
show-me - consider yourself high fived! :)

[Show-me]

show-me - consider yourself high fived! :)

Right back at ya! Nice trade.;)

[etftalk]

Bought GDX @ 32.50 - My stop loss is currently 30.90

This should act as a slight hedge on my open SSO position.

[etftalk]

Filled:
Bought SSO (2 X S&P Long) @ 18.15
I may have missed my chance, but I would love to see a triple digit close in the Dow (up) because I want to close this SSO position by the end of the day, and possibly buy some SDS or FAZ for tomorrow.

[Gumby]

possibly buy some SDS or FAZ for tomorrow.


I am waiting like a cat to pounce on FAZ for tomorrow. I may buy some SDS if we can't break through 780....trying to be patient.:huh:

[etftalk]

Filled:
Bought SSO (2 X S&P Long) @ 18.15
Ugh! This one is getting away. After trading as high as 19.45 today, it's down to 18.65. I am putting a stop in just above break even (18.19).

[etftalk]

Bought GDX @ 32.50 - My stop loss is currently 30.90.
GDX is moving up (33.49) despite gold being down. I am moving my stop to 31.90, just under today's low of 32.19.

[etftalk]

Filled:
Bought SSO (2 X S&P Long) @ 18.15
Sold SSO at 18.59.

Change of plans. Not waiting for stop... The market looks bad.

[Gumby]

Sold SSO at 18.59.

Change of plans. Not waiting for stop... The market looks bad.


You got out and made money...that is always good.
Looks like the S&P is inching up to the cliff. I just have an overall bad feeling for the market today. I really hope it does turn around...at least for a few days.

[etftalk]

I just want it to hang on for today - I'll be in the G fund (TSP) tomorrow. :D

[Gumby]

I just want it to hang on for today - I'll be in the G fund (TSP) tomorrow. :D

I was hoping for a green finish. It still could happen. That G fund sure looks good. Congrats to all that resisted the urge to put money in stock funds since the first of the year.

[etftalk]

Damn. I have an open order to buy FAZ but it doesn't look like it will get hit. I hate to chase.

[etftalk]

Order Filled:

Bought FAZ @ 54.49

[JTH]

I hate to chase.

Sounds like what I've been doing the last two days. :rolleyes:

[XL-entLady]

GDX is moving up (33.49) despite gold being down. I am moving my stop to 31.90, just under today's low of 32.19.
Here's a newbie question. :embarrest: When you move your stop does it cost you an additional commission? I know you pay a commission when you buy or when you sell. But do you pay a commission to set a stop or to change a stop?

I'm so embarrassed to even have to ask this question.

Lady

[etftalk]

Here's a newbie question. :embarrest: When you move your stop does it cost you an additional commission? I know you pay a commission when you buy or when you sell. But do you pay a commission to set a stop or to change a stop?

I'm so embarrassed to even have to ask this question.

Lady
Nope. No extra fees. At least at Scottrade.

[etftalk]

What a week! No trading for me today but I was watching closely as I am still long FAZ and GDX. Think I'll go watch a movie or something - take my mind off of this for a while.

Enjoy your weekends!

[etftalk]

Crap! I put a limit order to sell FAZ @ 70 and the ask hit 70 (and is the day's high) but it never hit the bid.

I tried to tweak the order a bit lower and now it's down below 68. Ugh!

[JTH]

Does that happen often where it misses?

[etftalk]

Order Filled:

Bought FAZ @ 54.49
Sold FAZ @ 67.58.

Bad fill (70 was the high), but I didn't want to see the gap get filled before I could sell.

[etftalk]

Bought GDX @ 32.50
Sold GDX @ 32.55.

I had my stop at break even but didn't like the morning action so I took the nickle. :)

[Gumby]

Sold GDX @ 32.55.

I had my stop at break even but didn't like the morning action so I took the nickle. :)


Sold FAZ @ 67.58.

Bad fill (70 was the high), but I didn't want to see the gap get filled before I could sell.

Great job....especially on the FAZ!

[etftalk]

Thanks Gumby. After the two sales, I am now flat and waiting for next trade. I am watching GDX to see if Friday's low holds. I may be reentering.

[etftalk]

Thanks Gumby. After the two sales, I am now flat and waiting for next trade. I am watching GDX to see if Friday's low holds. I may be reentering.
That's that. Now trading below 32.50, and Friday's low, I will pass on GDX trades for now. From the long side anyway.

[etftalk]

I have a limit order in to buy UNG (natural gas) @ 16.95

More on the reasons...
http://www.etftalk.com/forum/showthread.php?t=394

[etftalk]

Bought UNG (natural gas) @ 16.99

[etftalk]

Bought UNG (natural gas) @ 16.99
Initial stop placed at 16.00, just below Friday's low. I will move it up to just under today's low after the close.

[etftalk]

Limit order place after hours to buy SSO (2X S&P long) at 15.85. Looking for an A.M. opening pop up, but will likely sell right away if we get it (a gap up opening).

[etftalk]

Limit order place after hours to buy SSO (2X S&P long) at 15.85.
Order filled:
Bought SSO (2X S&P long) @ 15.85 after hours.

Looking for an A.M. opening pop up, but will likely sell right away if we get it (a gap up opening).

[etftalk]

Bought UNG (natural gas) @ 16.99
Stop moved from 16.00 to 16.49.

[etftalk]

Order filled:
Bought SSO (2X S&P long) @ 15.85 after hours.

Looking for an A.M. opening pop up, but will likely sell right away if we get it (a gap up opening).
Note to self - This is the type of trade that I SHOULD NOT be making. Playing the long side here is very risky. The trend is down, the market is weak, and we could see an all out puking in stocks (capitulation), and this trade is nothing more than a gamble. Now stop it! :)

I am actually slightly in the green on this one, but here's where I pray asking the powers that be, if you get me out of this trade unscathed, I'll never do it again (but that would probably be a lie). :D

[XL-entLady]

You probably did that trade for the same reason I did TNA. It's a bollinger band crash trade and we're expecting a dead cat bounce that we will be watching like a hawk (if I may mix my metaphors :toung:) and we'll sell the minute we clear our commission and a hair more. How was my guess? :nuts:

BTW, speaking of capitulation, Ira's video today he said when the market goes back up after this one he expects that a bottom may finally be in. :wacko:
Lady

[etftalk]

You got it Lady, dead cat bounce. That and because 700 held. That's a plus if there is one to be found.

[etftalk]

Order filled:
Bought SSO (2X S&P long) @ 15.85 after hours.
Sold SSO @ 16.27 pre-market.

The market may rally, but I feel better being flat the S&P right now.

[etftalk]

This may be a moot point by the close, but the SSO trade I made, buying after hours yesterday, and selling premarket today, worked out because you can actually get some good fills pre/post market close as emotions run high, and shares are thinly traded.

I sold SSO at 16.27 at about 8:20 AM ET (I had to set my alarm because that's 6:20 AM my time :wacko:) and a half hour into "real" trading, the high on SSO is just 16.21.

So, if you are trying to get in or out of a position, try throwing a "best case" limit order out there in the after / pre hours trading. You may be surprised.

[etftalk]

I'm joining Gumby and selling short BGU (3 X bull):

Sold short BGU @ 16.61

[Gumby]

I'm joining Gumby and selling short BGU (3 X bull):

Sold short BGU @ 16.61

Good luck. I think it is worth the chance.:)

[etftalk]

Bought UNG (natural gas) @ 16.99


Stop moved from 16.00 to 16.49.
Stop raised to 17.05. Tuesday's low was 17.19, and closed @ 17.70.

[etftalk]

Bought UNG (natural gas) @ 16.99
Stopped out:
Sold UNG (nat gas) @ 17.08

[etftalk]

I'm joining Gumby and selling short BGU (3 X bull):

Sold short BGU @ 16.61
I have a limit order in to short more BGU at 17.05 after I saw it hit 17.14, stopped and pulled back.

The stop is a little above yesterday's high of 17.16. I don't love this position right now, but sometimes those are the best. :)

[etftalk]

I'm joining Gumby and selling short BGU (3 X bull):

Sold short BGU @ 16.61
Bought to Cover BGU @ 16.52.

I used the dip to get flat. Couldn't take the heat. Cancelled the open order to add.

[etftalk]

Sold short BGU (3 X bull) @ 17.20.

Tight stop above today's high.

[etftalk]

Sold short BGU (3 X bull) @ 17.20.

Tight stop above today's high.
That was fast. Stopped out. Bought cover BGU 17.52.

First loss since I started posting here. :( Break time.

[Gumby]

That was fast. Stopped out. Bought cover BGU 17.52.

First loss since I started posting here. :( Break time.

You know it had to happen sooner or later.

[etftalk]

Yup. I'm glad it's (the streak) is over. Now I don't have to worry about it anymore. :D

[etftalk]

I picked up some kind of bug. I hope it's of the 24 hour variety. I shouldn't trade today as I am full of Nyquil, so if you see me trading, wake me up - I might be sleep walking. :)

[XL-entLady]

I picked up some kind of bug. I hope it's of the 24 hour variety. I shouldn't trade today as I am full of Nyquil, so if you see me trading, wake me up - I might be sleep walking. :)
Sorry to hear you're under the weather. Get better soon!

Lady

[JTH]

Hope you're feeling better!

[etftalk]

Thanks guys. I just woke up. :) An extra 6-hours of sleep did wonders.

[etftalk]

Sold short BGU (3 x bull) @ 15.95

[Show-me]

Sold short BGU (3 x bull) @ 15.95


Glad I could help, been holding at 17.:wacko:

[etftalk]

Sold short BGU (3 x bull) @ 15.95
The 150-pt rally off of the jobs report didn't seem right. The number hit estimates, but revisions and the 8.1% unemployment rate were worse than expected.

I wanted to cover when it hit 15.00 but I think I have 2 day trades already in the last few days. Ebb has some bearish patterns for Mon and Tues so I think I'll hold for another day ot two.

Currently 14.76

[etftalk]

Sold short BGU (3 x bull) @ 15.95
Bought to cover BGU @ 14.49

Went against my plan, but I'll take it - sometimes pigs get slaughtered. :)

[etftalk]

Bought AGQ (2 X silver) @ 41.78

[JTH]

Bought AGQ (2 X silver) @ 41.78

Thanks, I didn't know about this ETF. I'll have to put it on my daily watch list. :bigsmile:

Hope you hit the sweet spot!

[etftalk]

Thank you for keeping an eye on silver for us!

[etftalk]

Bought AGQ (2 X silver) @ 41.78
Sold 1/2 position of AGQ at 43.75.

It was a limit order that I didn't realize got hit this morning until just now. After being as high as 44.36 this morning, it has now sunk to 41.00.

I am not a big fan of posting "post dated" trades, as I just did, so for credibility purposes, here's the trades...

http://www.etftalk.com/images/forum/030909a.gif

You guys don't have to do this - unless we start getting people posting "unbelievable" trades. As you can probably tell, I want ETF Talk to be very credible. :)

[JTH]

Sold 1/2 position of AGQ at 43.75.

Wonder why metals dived off a cliff this morning? Perhaps this is a good sign for the markets?

[etftalk]

The early pop in stocks and the strength in the dollar probably contributed.

[etftalk]

I have an open order to buy FAZ @ 65.00. I may move this up as high as 75, but for now I want to see if I can catch the open gap created on March 2.

[Gumby]

I am thinking about trying SKF at $190. $65 would be a great price on FAZ.

[JTH]

It's at 77 and down 23% :rolleyes: Gee do you expect them to hand-deliever those stocks to you? :toung:

[etftalk]

I can't believe how much they (FAS & FAZ) move. FAZ was 115 just 2 days ago. I have noticed that gaps do get filled quickly on these.

Feb 20, FAZ high was 86. 4-days later (2/26) filled a gap and made a low of 47. :eek:

[JTH]

I can't believe how much they (FAS & FAZ) move. FAZ was 115 just 2 days ago. I have noticed that gaps do get filled quickly on these.

Feb 20, FAZ high was 86. 4-days later (2/26) filled a gap and made a low of 47. :eek:

For the moment, I'm loving these 3x ETFs, it's nice to see the action in ERX. :)

[Gumby]

I have an open order to buy FAZ @ 65.00. I may move this up as high as 75, but for now I want to see if I can catch the open gap created on March 2.

You may get that FAZ filled at $65. I am going to join you on this one.

[etftalk]

Amazing - down to 66.80 for the low. Looks like we'll get filled. The gap is actually 64.50 if you want to push it.

[etftalk]

Back to 71, and no fill yet.

[Gumby]

Back to 71, and no fill yet.
It will fill if we get an afternoon rally. I have a limit order in at $65 also.
After all you generally never have a losing trade!:)

[etftalk]

Bought 1/2 position FAZ @ 67.84.

I have another 1/2 limit order just under 65.

[JTH]

Bought 1/2 position FAZ @ 67.84.

I have another 1/2 limit order just under 65.

Congrats, I would have caved in @ 68, Patience in not one of my virtues...

[etftalk]

Bought 1/2 position FAZ @ 67.84.

I have another 1/2 limit order just under 65.
1/2 Filled FAZ @ 64.70.

By the way, the gap at 64.50 is filled.

[etftalk]

Full position:
Bought FAZ (3 x financial bear) @ ave. price of 66.27 (67.84 and 64.70)

[XL-entLady]

Full position:
Bought FAZ (3 x financial bear) @ ave. price of 66.27 (67.84 and 64.70)
Very nice. Now let's keep our fingers crossed.

Lady

[Gumby]

Congrats, I would have caved in @ 68, Patience in not one of my virtues...

Sometimes it is better to just put in the order and not watch:bigsmile:

[JTH]

You know it's a bad market when we're more excited about the shorts going down, than the longs going up! :toung:

[etftalk]

Bought FAZ (3 x financial bear) @ ave. price of 66.27 (67.84 and 64.70)
Still hanging on to this reluctantly. I never did see an urgent need to use a stop, but looks like I should have.

This is a nice follow-through day for stocks to be sure, but "most" of my research says this won't last. Of course the market is never wrong - only I am. :)

Still holding on to AGQ (ultra silver) as well, which is getting a 2nd day of bounce today. The silver chart still looks "OK".

[JTH]

Still hanging on to this reluctantly. I never did see an urgent need to use a stop, but looks like I should have.

This is a nice follow-through day for stocks to be sure, but "most" of my research says this won't last. Of course the market is never wrong - only I am. :)

Still holding on to AGQ (ultra silver) as well, which is getting a 2nd day of bounce today. The silver chart still looks "OK".

I know how you feel about the FAZ, but heh? We gotta let the Bulls run a little here or they will give up and take their toys home ya know? Besides, these news whores will turn on them in good time. It's amazing how fast news can change the sentiment. :rolleyes:

Another thing is that I'm now able to hedge my TSP. So these last three days have benifited my 7G 75F 6C 6S 6I allocation.

Either ways some of us have made money today :)

[etftalk]

Full position:
Bought FAZ (3 x financial bear) @ ave. price of 66.27 (67.84 and 64.70)
I added to FAZ @ 35.94.

I have sure managed this trade poorly.

[XL-entLady]

I added to FAZ @ 35.94.

I have sure managed this trade poorly.
I thought about doubling down myself, but can barely bring myself to hang on to the shares I already have. I did remove the stop though. :sick:

Lady

[Gumby]

I added to FAZ @ 35.94.

I have sure managed this trade poorly.

I think FAZ has a potential to make a good run up. I am still waiting and watching. Good luck.

[etftalk]

Bought AGQ (2 X silver) @ 41.78

Sold 1/2 position of AGQ at 43.75.
Stopped out of other 1/2 of AGQ position @ 34.74. :eek:

[JTH]

Stopped out of other 1/2 of AGQ position @ 34.74. :eek:

I'm not sure what the deal with silver is today. :huh: Aside from the increase in selling volume on the 15min chart this morning I can't seem to figure out what is triggering this event.

[etftalk]

Short BGU (3x bull) @ 25.49

[Gumby]

Short BGU (3x bull) @ 25.49

Tom,
Great call! I have been out early today when the market was climbing. Now it has somewhat come back to reality. Have you covered ?:)
Or let her ride?

[etftalk]

I have not covered. I saw the gap in the S&P get filled and took a shot. As much as many think this market is ready to rock and roll, I see the end of this rally being very soon - with perhaps today or tomorrow being the high of the bounce.

If I'm wrong, I'll know soon enough. :)

[Gumby]

As much as many think this market is ready to rock and roll, I see the end of this rally being very soon - with perhaps today or tomorrow being the high of the bounce.

If I'm wrong, I'll know soon enough. :)

There was relentless buying into the close today......sure looked like the PPT was at it today. I wonder how much is in the budget for funding of the PPT?
I wish the government would quit manipulating everything in our lives. I am sick of it.:sick:

[JTH]

I'm sure you've already picked up on this, but just case.

Trading the Odds (http://tradingtheodds.wordpress.com/)

[alevin]

I spotted the new blog the other night, been keeping an eye on it sorta, not part of my regular routine yet, still too new to make the synapses connect w/o extra effort. I get an A for effort, right? :toung:

[etftalk]

I'm sure you've already picked up on this, but just case.

Trading the Odds (http://tradingtheodds.wordpress.com/)
Thanks JTH. I haven't picked up on much lately. I have been so busy the last week that I have hardly been home at all the last week or so (and so I haven't posted much lately). I am quite out of sync with the market so I will gladly read what they have to say.

[XL-entLady]

I'm sure you've already picked up on this, but just case.

Trading the Odds (http://tradingtheodds.wordpress.com/)


I spotted the new blog the other night, been keeping an eye on it sorta, not part of my regular routine yet, still too new to make the synapses connect w/o extra effort. I get an A for effort, right? :toung:
I saw it too. I have to read and reread the entries to get them to sink in. Lots of compound sentences. I'm sure the ideas are good ones but for me it's a bit of a slog.

Give me David Fry's blog any day. A chart with comments. Then another chart. Kind of like our own JTH's posts. :blink1: :bigsmile:

Lady

[etftalk]

Bought BGZ (3 X bear) @ 58.25

I tried to short a little more BGU instead, but Scottrade said they didn't have any shares available to short, so, I went with a long position of BGZ.

I was reluctant to add to my short market position until I saw that today's sell off wasn't going to snap back. I think it's a little safer now that the weakness is holding.

[Gumby]

Bought BGZ (3 X bear) @ 58.25

I tried to short a little more BGU instead, but Scottrade said they didn't have any shares available to short, so, I went with a long position of BGZ.

I was reluctant to add to my short market position until I saw that today's sell off wasn't going to snap back. I think it's a little safer now that the weakness is holding.

Tom,

Do you think we will break below 800 early next week?

[etftalk]

Heck, I thought it was going happen this week, so this strength has me a little confused. But yes, I think next week we finally head down again. Whether that is to new lows or to test the lows, I don't know - I actually hope the test holds so I can finally get bullish. :)

[Gumby]

Heck, I thought it was going happen this week, so this strength has me a little confused. But yes, I think next week we finally head down again. Whether that is to new lows or to test the lows, I don't know - I actually hope the test holds so I can finally get bullish. :)

I agree. I don't understand the strength of this rally. All the government intervention and hype sure pumped the market up. It is almost like people are taking the word of the government that the recession is over. I just can't wait until earning come out....that should be a real eye opener. But then again it seems as if some days bad news causes a rally.
Good luck.

I am still heavy short on financials and have hedges with a few stocks and have cash earning nothing. I intend to remain a bear until soundly proven wrong.

[Gumby]

Heck, I thought it was going happen this week, so this strength has me a little confused. But yes, I think next week we finally head down again. Whether that is to new lows or to test the lows, I don't know - I actually hope the test holds so I can finally get bullish. :)

Gapped down below 800 this am. Great call!
Where do you see a pause on the downside?

I think we drop 5% on S&P today. Do I hear -700 on the DJIA?:confused:

[etftalk]

I heard someone say a 50% retracement would be at the 750 area, but that assumes you are a bull and we are in a new uptrend.

I would like to see a test of the lows, 667 and then deal with that pass / fail situation. I would feel better about getting bullish with a successful test.

[Gumby]

I heard someone say a 50% retracement would be at the 750 area, but that assumes you are a bull and we are in a new uptrend.

I would like to see a test of the lows, 667 and then deal with that pass / fail situation. I would feel better about getting bullish with a successful test.

It will be interesting to see what the P/E ratio of earnings on the S&P after the first quarter earnings comes in at.
GM & Chrysler is just the beginning. The uptrend sure feels like a powerful bear market rally to me. Time will tell.

[etftalk]

Short BGU (3x bull) @ 25.49
Covered BGU short position @ 21.50.

I'm still heavily short the marekt with longs in FAZ and BGZ (both 3X short position) so I'm just taking a little off the table.

[etftalk]

Bought BGZ (3 X bear) @ 58.25
My trailing stop was hit. Sold BGZ 62.50.

I still like the position, but I didn't want it to get away from me like FAZ did. Still holding FAZ.

[etftalk]

Sold short BGU (3 X bull) @ 23.07

[etftalk]

Sold short BGU (3 X bull) @ 23.07
I bought to cover BGU @ 23.37 for a small loss. The market is not budging and may want to fill yesterday's gap.

[etftalk]

Sold short BGU (3 x bull) @ 22.93

Using this morning rally off the lows to go for it again.

Buy stop set initially to 24.05.

[etftalk]

Sold short BGU (3 x bull) @ 22.93

Using this morning rally off the lows to go for it again.

Buy stop set initially to 24.05.
Ho hum... stopped out again.

[etftalk]

After a rough start in 2009, Ebb's ETF picks have actually been on fire lately. He had a buy signal for today, but he has an ugly sell signal for tomorrow so I may make another short play just before the close today. That would be a buy of BGZ or sell short BGU. I'm a little worried about the financials ability to hang tough lately, hence the BG's rather than FAZ.

[etftalk]

OK, bought BGZ (3 x bear) @ 59.24 for tomorrow's pattern 3 (ebb-ese).

Hoping Ebb's streak contnues.


After a rough start in 2009, Ebb's ETF picks have actually been on fire lately. He had a buy signal for today, but he has an ugly sell signal for tomorrow so I may make another short play just before the close today. That would be a buy of BGZ or sell short BGU. I'm a little worried about the financials ability to hang tough lately, hence the BG's rather than FAZ.

[etftalk]

OK, bought BGZ (3 x bear) @ 59.24 .

Sold BGZ @ 55.91

Sold FAZ @ 17.36 (ave buy, 58.61)

I haven't been flat in a while and I just had to get there to clear my head.

I'll be looking for another spot to short, but will likely short the long leveraged ETF's instead of buying the short ETFs.

[Gumby]

Sold FAZ @ 17.36 (ave buy, 58.61)



OUCH! :eek:
I'll probably be right behind you. Misery loves company:nuts:

[etftalk]

Yeah, ouch is right. Horrible trade. I feel inclined to stay short, but that negative bias toward the leveraged ETF's and the fact that I felt frozen to do anything else while holding that FAZ position, led me to get flat and get that trade behind me. Ready to start anew.

[etftalk]

Selling this rally...

Bought TZA (3X short small caps) @ 43.85

I would have preffered to short TNA (the long 3 X ETF), but Scottrade does not seem to have shares of several 3X bull funds available to short.

[etftalk]

I should have taken my own advise and waited until today's close to get short again - what with today's stong seasonality. :wacko:

The trend is to reverse on Monday but I have to consider bailing today or risk another FAZ episode. We'll see how the day plays out.

[etftalk]

Bought TZA (3X short small caps) @ 43.85
Out 35.75.

[JTH]

Out 35.75.

Tough day for the shorts.

[XL-entLady]

Tough day for the shorts.
I'll bet Monday is better! If I didn't have to wait for $ to settle, I'd dump my GDX and buy TZA in the pre-open .... but I do so I won't. :toung:

Lady

[Gumby]

Yeah, ouch is right. Horrible trade. I feel inclined to stay short, but that negative bias toward the leveraged ETF's and the fact that I felt frozen to do anything else while holding that FAZ position, led me to get flat and get that trade behind me. Ready to start anew.

After today, I feel good about unloading FAZ yesterday to some other trader that took the $8 sh loss today.

[etftalk]

I see wv-girls bought FAZ for about $10. Who'd a thunk it? It was 115 just over a month ago. :rolleyes:

[etftalk]

Bought TZA (3 x small cap bear) @ 36.67.

[etftalk]

By the way, Scottrade is still not making any TNA or BGU shares available to short so I'm still stuck buying the short ETFs.

[etftalk]

Still holding just one position (TZA - 3 X short small caps). The market is sure testing the patience of the bears.

Otherwise I have been on the sideines waiting, as I can't figure out the metals right now (look bearish but if stocks drop, you'd expect a little pop), I can't find any shares of 3X bull funds to short, I'm bullish on commodities but some have run too far, too fast and may be due for a pullack.

These 3X leveraged ETF's sure make you pay when you hold them. :rolleyes:

[etftalk]

Since my head is still spinning from the losses in my current short ETF positions, I have been very inactive with the plan to go with Fred's trades. He has some longer term positions on but I am taking his new trades being posted today in Gold and Bonds.

I won't post them here since I don't want to take credit for them.

[XL-entLady]

Just saw your news about son's wedding in the 'site news' thread. Mazel Tov! :bigsmile:

Lady

[etftalk]

Before heading on vacation, I sold my remaining (TZA - 3 X short small caps) @ 22.50. Both Fred and Ebb seem to be looking for a short-term bounce.

[etftalk]

Back from vacation and it looks like I should have held onto TZA, but I didn't want to hold while on the road.

I bought it back this morning, embarrassingly much higher (25.25) than for what I sold it for last week

[alevin]

Back from vacation and it looks like I should have held onto TZA, but I didn't want to hold while on the road.

I bought it back this morning, embarrassingly much higher (25.25) than for what I sold it for last week

what price peace of mind, Tom? :)

[etftalk]

I bought it (TZA) back this morning, embarrassingly much higher (25.25) than for what I sold it for last week
Sold TZA @ 26.19

[wv-girl]

Sold TZA @ 26.19
Looks like you made out pretty good. I don't blame you for not wanting to hold when going on vacation. I would have done the same.
wv

[wv-girl]

These 3X leveraged ETF's sure make you pay when you hold them. :rolleyes:
Question? Is there an extra fee for holding these positions beyond a day or two? Or are you talking that the price is based on percentages per day?
Thanks
wv-girl

[etftalk]

yeah, the second one - daily percentage movement.

Looking at the 52-week highs and lows for FAZ and FAS, which should move in opposite directions:
FAZ is near the 52-week low, and FAS is about 75% off of the highs. :rolleyes:

http://www.etftalk.com/images/forum/071409.gif

[wv-girl]

yeah, the second one - daily percentage movement.

Looking at the 52-week highs and lows for FAZ and FAS, which should move in opposite directions:
FAZ is near the 52-week low, and FAS is about 75% off of the highs. :rolleyes:

http://www.etftalk.com/images/forum/071409.gif


Wow. methinks I'll stay away from those. It is really a rip off. At lease in this timeframe.
Thanks
wv-girl

[etftalk]

I placed an order to buy TZA @ 21.20 (Small Cap Bear 3X ). It is currently trading at 21.41 so it is still open.

[etftalk]

Filled: Bought TZA @ 21.20 (Small Cap Bear 3X ).

[etftalk]

Starting a position in GDX (gold) here at $38.30. I am using a mental stop of under $35. If it closes below $35 I will likely sell the next day.

[Bullitt]

Nice. I last bought at 36.65 but I have to be careful averaging up too aggressively. My average cost is now 28, so I have a little more leeway in playing any sudden drops.

Looks like the most recent relevant gaps have been filled on the downside and upside along with a higher low in a definitive uptrend. With the Dollar leaning on support there could be a huge move coming soon on a break.

[etftalk]

My average cost is now 28, so I have a little more leeway in playing any sudden drops.
28 - nice! I lost the faith a little when gold fell out of the weekly H&S pattern (blue arrow), but it looks like it wants to make another shot at 1000, and possibly a breakout, and like you said, a breakdown in the dolar is possible.

http://www.etftalk.com/images/forum/080109.gif

[etftalk]

Bought UNG (nat gas) after hours for $13.27. Right after my order was filled, I hear Cramer tell a caller that he is bullish on nat gas. Ugh! The kiss of death. :)

Let's see if this is the start of a real uptrend...

http://www.etftalk.com/images/forum/080609.gif

[etftalk]

Filled: Bought TZA @ 21.20 (Small Cap Bear 3X ).
Sold this dog for 16.02 today.

Still in GDX at a nice gain, and UNG with an ugly loss.

[JTH]

Sold this dog for 16.02 today.

Still in GDX at a nice gain, and UNG with an ugly loss.

Freaking GDX is off the hook (as was my SLW) are you going to place a stop? heck even CNBC has been talking about Gold, so you know the play is almost over :toung:

[Bullitt]

Same here Tom. Same here. Cramer's kiss of death in gas.

[etftalk]

are you going to place a stop?
My original stop was a close below $35. Using a crayon trendline, I think a close below $36 would do it, although I am not opposed to selling if it struggles to get over $45.

http://www.etftalk.com/images/forum/090309a.gif

[etftalk]

My original stop was a close below $35. Using a crayon trendline, I think a close below $36 would do it, although I am not opposed to selling if it struggles to get over $45.

Currently near $43.75, I am moving my mental stop in GDX to a close below $37.50, although a close below $42 (50-day EMA) will get my attention.

[etftalk]

UNG found some support at the 20-day EMA (11.45) after some early selling. Now back near $12. Looking for a break above $12 (50-day EMA) or below 20-day EMA for clues.

[etftalk]

I haven't traded much on my own lately, although I have been taking some of Trader Fred's recs in SSO, and they have worked out pretty well so far. His ETF submodels are all flat right today - no buys, no shorts.

[etftalk]

Currently near $43.75, I am moving my mental stop in GDX to a close below $37.50, although a close below $42 (50-day EMA) will get my attention.
GDX is now trading over $47 and my new stop is $41.50.

http://www.etftalk.com/images/forum/100609a.gif

[etftalk]

GDX gap now filled. I'm raising stop to a close below $42.

http://www.etftalk.com/images/forum/102709a.gif

[etftalk]

Starting a position in GDX (gold) here at $38.30.
Stop hit today and out @ $41.85.

[Bullitt]

I was wondering if your stop got hit today.

[etftalk]

Bot TNA @ 35.80 today based on a recommendation from Trader Fred (http://www.etftalk.com/premiums/trader_fred/fred.php), whose system bought the closing price today.

[etftalk]

Bot TNA @ 35.80 today based on a recommendation from Trader Fred (http://www.etftalk.com/premiums/trader_fred/fred.php), whose system bought the closing price today.
Sold 1/2 position @ 39.10 after hours today. The futures were up so I took advantage because the ETFchart says the next couple of days could be weak for stock ETF's.

[etftalk]

I'm using this intraday rally to sell the rest of my TNA. Looks like I should have listened to Ebb and sold it all yesterday.

Sold rest of TNA @ 38.32.

http://www.etftalk.com/images/forum/120809a.gif

I will probably look to get long SSO or TNA again sometime on Wednesday.

[etftalk]

Bot 1/2 position in TNA @ 37.84

[Bullitt]

Tom, are you thinking about dabbling back into gold on this pullback?

[etftalk]

I'm watching the dollar. It looks like it (the dollar) is finding a little resistance here. I think gold can pull back to the 1000 area if the dollar continues to rally. If it doesn't, then I may jump back in gold.

[etftalk]

Bot 1/2 position in TNA @ 37.84
Scottrade slapped my hand last week for trading unsettled funds in my IRA. I have to watch that. I have been trading TNA pretty well, jumping in and out of 1/2 positions at a time, but I guess too much. Since it's a 3X I get ansy and want to take profits quickly.

Still long TNA.

[Gumby]

Scottrade slapped my hand last week for trading unsettled funds in my IRA. I have to watch that. I have been trading TNA pretty well, jumping in and out of 1/2 positions at a time, but I guess too much. Since it's a 3X I get ansy and want to take profits quickly.

Still long TNA.

That is the bad thing about IRA accounts......they won't let you do margin. I wish they would change the law on that aspect.

[etftalk]

Bought UNG (nat gas) after hours for $13.27. Right after my order was filled, I hear Cramer tell a caller that he is bullish on nat gas. Ugh! The kiss of death. :)

Sold UNG @ 10.40. :suspicious:

It wasn't fun watching Natural Gas rise while UNG consistantly fell. I want to start 2010 without this dog (it will probably skyrocket now.)

[etftalk]

Bot 1/2 position in TNA @ 37.84
Sold 1/2 position in TNA @ 41.37 this morning. Still holding a half. (I'm not sure I've kept up on these 1/2 position buys and sells).

If I understand the requirements of avoiding free rides in a non-margin IRA account, I can buy again at any point using these funds, but I won't be able to sell that new position for 3 days.

[etftalk]

I had an order in overnight to buy some March Nasdaq futures (NQH10) at 1803.50. It was trading near 1806 at the time. I woke up to see that it never got hit. It had been 1803 earlier on Sunday evening so I shouldn't have been so greedy. The chart was looking @ at 1803 as a good place to buy, but since it already hit it, I should have just bought at 1806.

It is now trading at 1829 after hitting 1833.75 earlier. That's a big miss. Ah, patience. Got to love it. :rolleyes:

[etftalk]

Sold 1/2 position in TNA @ 41.37 this morning. Still holding a half.
Sold remaining TNA @ 44.70 this morning.

Now Flat.

[XL-entLady]

Sold remaining TNA @ 44.70 this morning.

Now Flat.
Nice little profit. Good job!

[etftalk]

TY lady. The credit goes to Trader Fred - who is actually still in the trade. I bailed for a few reasons.

[etftalk]

Just Bot GDX @ 45.87

Fred and Ebb like gold here.

[Bullitt]

I like gold too, but my orders to buy are staggered from 40-44. Just missed my highest buy order this past week. I remain IT and LT bullish on gold and especially like the recent shakeout.

[etftalk]

Just Bot GDX @ 45.87

Fred and Ebb like gold here.
Sold GDX @ 48.11.

[etftalk]

Still on the sidelines - all cash. I'm not smelling anything appetizing at the moment, although today's drop in stocks could give us the start of the long awaited pullback / buying opportunity.

[etftalk]

Getting ugly out there.

Just Bot SSO @ 39.05 - just in case we're not rolling over yet.

Note: Fred has 2 submodels in SSO and one may be hitting its stop loss today if SSO closes below 39.32. This could end up being a very short trade for me.

[etftalk]

Fred did get the sell signal for SSO and is out. I couldn't pull the trigger. Looking for a dead-cat bounce Monday. The S&P closed at a trend line that may hold - even if temporarily. If Monday is down again, I'll have to waive the white flag.

[etftalk]

Getting ugly out there.

Just Bot SSO @ 39.05 - just in case we're not rolling over yet.

Sold SSO @ 37.06. :sick:

[etftalk]

Looking for a bounce again.

Bot SSO @ 36.69

[etftalk]

Bot VXF @ 42.43 (small caps)

[etftalk]

Bot VXF @ 42.43 (small caps)
Just sold a small portion (20%) of this position @ 41.92 to raise cash during this morning's rally. I'm a little too heavily invested for this market. :unsure:

[etftalk]

Bot VXF @ 42.43 (small caps)
Sold remaining (80%) position of VXF @ 41.43.

[etftalk]

Looking for a bounce again.

Bot SSO @ 36.69
Sold SSO @ 35.23

[etftalk]

Bot SDS @ 37.44

[etftalk]

Bot SDS @ 37.44

Used this morning's weakness in stocks to dump SDS @ 35.46.

I am buying SSO here $37.06. I'm now looking for a push to new highs in the coming weeks.

[etftalk]

I am buying SSO here $37.06.
Sold SSO @ $38.81

[etftalk]

Other than a small position in VXX (play on the VIX) I have been sitting in cash waiting for an opportunity to go long stocks. This marktet is too dangerous to try to short, so I will try to continue to be patient.

[etftalk]

The VXX has about the same success as a 3X ETF. That is, the underlying index can go in your direction, but the ETF does not pay. The VIX was up almost 5% today, yet the VXX ETF was up just 1.1%.

For the day:

http://www.etftalk.com/images/forum/032510b.gif

Last 6-months:
http://www.etftalk.com/images/forum/032510a.gif

[etftalk]

I bought some RIMM this week (48.30). I like the action, but I'd like to see it be able to hold the 50-day EMA for a few more days. My initial target is the 200-day EMA but I will stick with it until the new ascending trend breaks.


http://www.etftalk.com/images/forum/rimm.gif

[etftalk]

I got pretty hot over the summer and made some very nice gains in the account, but this fall has not been good to me so far. I'm zigging when I should be zagging, and zagging when I should be zigging.

I'm holding onto RIMM and have been trading mostly SDS, SSO, and EFA.

[etftalk]

I had raised my stop once already and it just missed, by .09, getting hit this morning, and seems to be bouncing off the lows. I should probably add here, but I added on the prior dip so I have enough in this game.

[etftalk]

Back to the top.

Don't you just love those "fake out" moves prior to the big moves? It sure can be misleading to the small guys as they clean out the stops.

http://www.etftalk.com/images/forum/rimm2.gif

[etftalk]

Still looking good. Breakout above trend, right into a bull flag that tested to old resistance / new support...

http://www.etftalk.com/images/forum/rimm3.gif

[etftalk]

I had raised my stop once already and it just missed, by .09, getting hit this morning, and seems to be bouncing off the lows. I should probably add here, but I added on the prior dip so I have enough in this game.
I raised my stop on RIMM to 49.25.

More on this RIMM trade... http://www.etftalk.com/forum/showthread.php?p=3383#post3383

[etftalk]

Stop on RIMM raised to 53.66.

Bought UNG @ 5.96

[etftalk]

Bought UNG @ 5.96
Pull back is filling the open gap, so I added at 5.69. I don't like that the 50-day EMA acted as resistance, but the downtrend trend looks like it may have broken so I am hopeful the 50-day EMA will be taken out on the next push higher. My initial stop is near 5.30.

http://www.etftalk.com/images/forum/ung1.gif

[etftalk]

Pull back is filling the open gap, so I added at 5.69. I don't like that the 50-day EMA acted as resistance, but the downtrend trend looks like it may have broken so I am hopeful the 50-day EMA will be taken out on the next push higher. My initial stop is near 5.30.
They tried to take out the stops, but the low of 5.35 the other day just missed mine. I added again@ 5.56, I am now in at an average price of 5.78. My stop remains near 5.30 and will have to stay there for at least another 5 to 10 days. Looking for a breakout above the cup and handle rim some time next week.

http://www.etftalk.com/images/forum/ung2.gif

[wwwtractor]

UNG (Natural Gas) was a great investment so far. I am up over 8% at this point. I am only worried about contango. Can you explain why I should not be concerned?

I was wondering why this board is not more active. Maybe we need a little publicity or something.

Thanks.

[etftalk]

Hi www -

I don't know if you should be worried. I just use the charts. I use the philosophy that everything is in the charts. It's my excuse for ignorance. :)


I was wondering why this board is not more active. Maybe we need a little publicity or something
I don't know if you have followed any of Trader Fred's or ETFchart's moves posted here (see the home page), but after this year I will evaluate the results of the last two years and decide if this is something we want to purue further. If the answer is yes, I will start to promote it more.

[etftalk]

Stop on RIMM raised to 53.66.

Raising stop on RIMM to just below 55.00.

More (http://www.etftalk.com/forum/showthread.php?p=3401#post3401)

[etftalk]

My stop [on UNG] remains near 5.30 and will have to stay there for at least another 5 to 10 days.

Re: UNG

I am moving the stop to just below 5.50

[etftalk]

Urban Outfitters (URBN) looking like it may be ready for a big breakout from a long-term cup and handle formation. I bought this morning at $37.82. Initial stop is $36, but I should be able to move it to $37 next week if the recent trend does not break beforehand.

Here's a daily chart...

http://www.etftalk.com/images/forum/urbn2.gif


Longer term chart...

http://www.etftalk.com/images/forum/urbn1.gif

[etftalk]

Raising stop on RIMM to just below 55.00.

More (http://www.etftalk.com/forum/showthread.php?p=3401#post3401)
Raising stop to just above 57.

More on the ongoing RIMM trade (http://www.etftalk.com/forum/showthread.php?t=504).

[etftalk]

Re: UNG

I am moving the stop to just below 5.50
I should have raised my stop to 5.75 the other day but I missed it. I'm out now at 5.55. This one looked good so I am disappointed in taking a loss here. I was in at an average price of 5.78.

[etftalk]

I bought some RIMM this week (48.30).
Stopped out at 58.50.

[etftalk]

Jumping into UNG again @ 5.84 (5.835 actually). Original stop is just under 5.50

Not the greatest chart, but the new 10-day high may be the start of a new trend.

I don't like the rising wedge formation off the bottom, so we need more upside quickly.

http://www.etftalk.com/images/forum/ung3.gif

[etftalk]

I broke some of my rules today as I sold all of my UNG (6.36) on todays' rally. It always seems UNG has a very poor day after a good day. I will look to buy pullbacks as the trend is trying to remain up.

[XL-entLady]

I'll watch your UNG moves with great interest. I've only owned it twice and it beat me both times. I don't think I understand it enough to own it. Good luck!

Lady

[etftalk]

It's hitting a 5+ month high today. I usually like to buy the breakouts rather than sell, but I will give UNG a couple of days, because as I said, it seems to like to jerk the gains out from under us to get us leaning the wrong way. You can see that in the charts above.

[alevin]

Hadn't been here in awhile, didn't realize you'd gotten into UNG, it had started to tickle my interest again a few weeks ago but I didn't act. It bit me the last time I tried to hang on for more than a little while. I'm with Lady, not sure I understand contango/backwardation well enough to play with UNG or DIG or DDG or similar.

[etftalk]

UNG started a little pullback today.

http://www.etftalk.com/images/forum/ung4.gif

[etftalk]

Well, looks like UNG has pulled back enough (or close enough). I bought back in at @5.875.

This one likes to make a lower low, then swing higher...

http://www.etftalk.com/images/forum/ung5.gif

[etftalk]

Stopped out! sigh

[etftalk]

After some lackluster trades in UNG and up and downs in silver and silver short trades, I have been a little quiet. I have been trading SSO mostly, and some AAPL, URBN (recent breakout) and LVLT (wild little bugger). Nothing special.

I am considering looking into oil ETF's "just in case" but that is probably a sign that we've hit a top. I've seen USO, OIL, and FOL (new 2X oil ETF). Are there any others out there worth looking into?

[etftalk]

I never did pull the trigger on an oil ETF, but have been heavily in and out of SSO and TNA.

Also gambled on the new Chinese security software company's IPO. The initial price was targeted at 10.50 - 11.50. Then it was raised closer to $14. By the time it opened to the public on Wednesady, it opened up close to $30. It moved all the way over $35 during that first day of trading but pulled back on day 2 back below $30. I grabbed some at $29.19 just before the close on Thursday. It's back over $30 but moving up and down pretty quickly.

[etftalk]

I grabbed some [QIHU] at $29.19 just before the close on Thursday. It's back over $30 but moving up and down pretty quickly.
Took a small profit after it was sliding down with the rest of the market. Sold it at 29.55.

Liking CMG as it made new all-time highs this week.

[XL-entLady]

Hm-m-m. CMG has a very nice looking chart, doesn't it! I wish it weren't so expensive. But NFLX is expensive too and I've been trading it with some success. I think I'll give CMG a whirl too. Thanks for the tip! Mexican food it is! :)

[etftalk]

Hm-m-m. CMG has a very nice looking chart, doesn't it! I wish it weren't so expensive. But NFLX is expensive too and I've been trading it with some success. I think I'll give CMG a whirl too. Thanks for the tip! Mexican food it is! :)
Expensive, yes, but it does move percentage-wise very well like NFLX, AAPL, GOOG, etc.

I'm embarrassed to say I got this from Cramer a couple of weeks ago. I have lost a lot of money on stocks listening to him, but I took a look and loved the chart. We'll see. I've been in since about 272 (now 282) and it seems investors are buying this on the dips. It's nice to be in the leaders. :)

If you are looking for something less exensive, highly traded, nicely volatile, but some potential - take a look at LVLT. It has been coming alive lately and made a new high the other day. It seems to be digesting some recent gains and there is a gap that may need to get filled, but it looks like there is interest out there again.

I have been in and out several times because I don't know about the investment side of the story - just the trading side. It used to be a $120 + stock once upon a time. I'll be happy if it hits $2 or $3. :)

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[etftalk]

I sold all of my individual stock and ETF holdings this morning after the 50-day moving average break. It could be a premature overreaction to this morning's news, but I feel I think more clearly when I'm flat. (I am still holding stock funds in my TSP).

If we close above the 50-day EMA, we could be back in business.

[peterson82]

Don't blame you for doing that as I was thinking real hard about pulling out of TNA. I am gonna hold on and hope.

[alevin]

I thought about pulling out too, but didn't get there. My threshold for overall loss is 1% (I'm only 45% into S and I combined in TSP at the moment, have been for a few weeks). I hit the 1% drop from the top today.

Only things comforting me at the moment is that big ol' springtail, and knowing that Sentiment Signal said Buy, and Moosignal is still holding IWM this week. Those are what helped me not pull the plug today-but if it gets worse (I'm watching candle charts and everythng else at the moment), I'm lightening up by half at least.

[XL-entLady]

I rode it out yesterday and actually made a little. I was helped by two good buys I made at the opening bell. I don't know if I'll be that lucky today.

[etftalk]

I would have been a little better off not selling yesterday, but I was able to leave the house without stressing.

The buying during the latter part of the day forced me to buy a little near the close incase we saw a pop at today's open. So I decided to get something less volatile and more "industrial". I bought some CAT. An old dog with a great chart and a nice pullback.

I still have about 80% cash of right now and I still like CMG, but I'm holding off until I see if the S&P can recapture the 50-day EMA.

[etftalk]

Decided to jump back in CMG today @265.05 after a week of the market digesting the earnings report.

http://www.etftalk.com/images/forum/cmg1.gif

I also bought some ZSL (short silver) at 12.93 as silver was near $50, but I may sell that before you read this. :D Scary trade. FYI, I got killed on my last ZSL trade (bot 15.84, sold 14.04 after 1 day).

[etftalk]

I also bought some ZSL (short silver) at 12.93 as silver was near $50, but I may sell that before you read this. :D Scary trade. FYI, I got killed on my last ZSL trade (bot 15.84, sold 14.04 after 1 day).
Sold 1/3 of ZSL position @ 17.80. Looking for silver to hit 37.