It doesn't look like I'll be buying anything today. I slept in late, and it seems we have already picked a direction and rallied. Will tomorrow be a resumption of the current down-trend?
Here is my current watch list.
Long : SLW SLV XME PCU USO ERX MLN PCY PHB
Short: ZSL GLL SDS RSW DUG ERY 3X
Candlestick crack addict...
It's one of those days where you feel you missed the best prices on the long side, but it's probably too soon to short.
-- Tom | My Trades
Bought SSO @ 14.91
Candlestick crack addict...
I'd certainly like it to be. The way I figure it, the Job number may already be priced in. I lost track of how many times I heard on CNBC about how bad the market was going to be tomorrow because of the job numbers.
At these levels I may go in long, and/or buy some more if we continue with the landslide.
Candlestick crack addict...
Good morning
Bought ERX @ 17.26 (Energy Bulls 3x)
Limit order placed for the day... SSO @ 14.14 (not filled yet)
Candlestick crack addict...
Nice ETF. I will keep an eye on it.Bought ERX @ 17.26 (Energy Bulls 3x)
Technically, the chart looks bearish, and there could be a little downside left, but a bounce back to the neckline (30) is possible in the intermediate-term.
-- Tom | My Trades
Thanks Tom and thanks for posting the chart. Most of my buying this week has been early, mostly because I'm off work this week.
I've thrown in the towel and given up trying to pick a bottom or catch a bounce. The most important thing is that my stops are in place and I sleep well at night.
Candlestick crack addict...