Lessons

1. If VIX is under 26, buy the dip. If VIX is over 26, sell the rip.

2. Always trade in the direction of the larger trend. Find the strongest trend in your time period.

3. Nothing as bearish as a failed breakout. Nothing as bullish as a failed break down.

4. Don't worry about the last dollar. Take your money and go to the beach!

5. No more than four positions at a time. Preferably 2-4. Scope out others. Pick the strongest.

6. Buy the strongest; sell (short) the weakest.

7. Nothing is guaranteed. Nothing.

Friday, June 29, 2012

Will sell the news

Will sell much (not all) TNA around 54 and TSL around 6.50.

Will buy again next week.

Update:
Sold 65% TNA at 53.9.  

Thursday, June 28, 2012

HGX


1. MACD divergence across lows.
2. Over the past 1-2 months, drop in RSI while price stays constant.  This implies consolidation.
3. Back at the highs and RSI has room to run.

TNA; TSL

Bought TNA at 47.7; TSL at 5.97.

Wednesday, June 27, 2012

Getting Bullish ST (1-2 months)


This is the Hi bye guy again.

HGX break out coming.

IWM:SPY Inverse H and S.

Disregard previous post.

I'm running with tha bulls.

Friday, June 22, 2012

Getting Bearish

Will close longs and go short next week, perhaps by the end of the week.  Looking for higher highs first, though.

Looking to short RUT, XLF.

Thursday, June 21, 2012

Rosie Turns Bullish

http://pragcap.com/rosenberg-the-perma-bull

I will be exiting most long positions in the coming weeks/months and focusing on finding shorts.

I think 2013 will produce a nice, tradable bottom.

The bottom will likely come as a double bottom with divergence on weekly RSI.

I will work on coming up with a target, but I do not think it will be anywhere close to the 2009 bottom.

Wednesday, June 20, 2012

Update

Was on vacation for a week.

Will try to sell 50% of SOXL and TNA today.  Possibly also 50% of TSL.

After the Fed's announcement today, I am looking for a decline in risk assets to the end of the week.  Late today or tomorrow, I plan to start buying NUGT, hopefully in the low 12s.

NUGT will be a swing long. 

Friday, June 1, 2012

bought TNA at 43.4

AAPL; TSL

Bought AAPL June calls at AAPL 563; Sold TSL September calls one third position at TSL 6.6.

Sold TSL part position at 6.60.

AAPL may be ST hold.