Gumby's Trading Account

[Gumby]

This chart shows that either things are going to have to change, or bank stocks are ready to roll over again...

Tom, that is an interesting chart. The next week will be interesting.

[Gumby]

Not a pretty picture for the banks

Does the government have enough money to bail all of these banks? Or do they need to put in an order for extra ink and paper.

Obama's budget is going to cause some serious turmoil.

[etftalk]

Cramer was a big supporter of Obama. Today he's calling him a communist and to get out of stocks. He killed the healthcare industry today and it's just a matter of who's next.

[JTH]

Given all the bad news today, we seem to have held unto major support. Am I being an optimist here?

I'll probably explore putting in some stops tonight, but lucky me I'll be off tomorrow, so I'll have time to watch the morning action.

[etftalk]

Given all the bad news today, we seem to have held unto major support. Am I being an optimist here?

I have been torn myself. Is my "I give up" attitude the green light to buy, or did this market miss it's chance to rally this week? Friday could be the tell.

[Gumby]

Given all the bad news today, we seem to have held unto major support. Am I being an optimist here?

I'll probably explore putting in some stops tonight, but lucky me I'll be off tomorrow, so I'll have time to watch the morning action.

I have been torn myself. Is my "I give up" attitude the green light to buy, or did this market miss it's chance to rally this week? Friday could be the tell.

Today will be interesting. It will be a great day to be short this market.
Short ETFs like FAZ, BGZ, SRS, SDS, TZA & TWM should soar.

[Gumby]

This chart shows that either things are going to have to change, or bank stocks are ready to roll over again...

Tom,
I really want you for posting the banking index chart yesterday. That prompted me to unload my UYG position. I took a loss, but if I would have held....it would have been a beating.

[Gumby]

Remember, they are trying to balance the budget

Picked up more FAZ at $54.225 near the close. Maybe I can use that market order button after all. Have an average of $53.57/sh in FAZ.
I'll buy more tomorrow if the price is right.

Stopped out on the fallback @ $59.00 10.1% profit overnight
Should have punch a market sell at the open, but I got greedy
I had about a 10% stop and it still hit it.


Watch FAZ run up now.
Buy order back in @ $57

Oh well, profit is good

[JTH]

Great trade

[etftalk]

Tom,
I really want you for posting the banking index chart yesterday.

...uh, what exactly did you mean by "want you"? I'm hoping you forgot a word.