coal…

I told u all to go long Coal stocks (FCX, MEE, JRCC, ANR). don’t hold longs over the weekend

Fast Money Halftime update…

MAcke said people putting capital into this market now are gonna be the biggest losers. Bought 10,000 shares of FAZ at 7.80

Silver Lining

There’s not much to say about today’s market reaction. Chrysler BK looming (and GM to follow most likely), XOM big miss on earnings, etc and the market continues on its rally. The one silver lining i see in the charts is that volume is extremely meager in the last few days. There is an evident [...]

FOMC…done

Finally, the announcement is over with. I hate these days. These days useto have a lot more meaning. Now, that the rates are at 0%, there’s no real excitement. Nothing we didn’t know was announced. Economy continues to contract but at a slower pace, $1.25 trillion in treasury purchases, blah blah. So the US economy [...]

Resistance

S&P is RIGHT at resistance level of 875. This is very meaningful to the market. Let’s see what Big Ben has in store for us.

Fast Money Halftime Report

Those dudes just came on and all were extremely bullish. I love it. That DEFINITELY means time to go short. All we need is for Jim Cramer to bless this market and we’re set to get the party started. Most were on the GS and MS bandwagon. Nice one. Jump on it after it’s had [...]

a chance to back up the truck…

not just yet. I predict an end of day run up in the equity markets. Load up at the end of day. Today’s action is hurting my FAZ position but i’m still feeling overy confident about it. My OIH and QLD longs helped mitigate the damage. The market seemed to not really be affected by [...]

all FAZzed up…

I’m feeling more and more confident about FAZ. The recent rally in the last hr hasn’t really been followed by the financials. I’ve added 2000 more shares at $8.85. Hedged with some QLD and OIH longs.

Update on FAZ

I looked at the chart a little more on FAZ and looked through some more analysis. I’m liking it more and more. The 2000 shares I bought was just dipping my toes in the water a little bit and to lower my cost basis. I’m picking up 3000 more shares, increasing my total FAZ position [...]

Reiterating Rainmaker…FAZ looking to explode.

Hello All.  It’s great to join this forum that Rainmaker has created. Note, most of the positions I mention are positions that I have taken or are about to take. I understand some of the moves I make are difficult for the average trade since my account is in the 7 -figure range, but I [...]

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