karennma
8,057 posts
msg #107958
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9/8/2012 12:19:07 PM
johnpaulca
6,184 posts
msg #107955
- johnpaulca 9/7/2012 6:19:08 PM
poor job numbers and the market goes up...how can you not make money in this market...don't even need filters.
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So true.
However, .. Alan Greenspan called it 13 yrs. ago, .. "irrational exhuberance".
Just as GOOG & AAPL were the most likely to go up in an up market, we should be prepared for the best plays that are most likely to go up in a down market. I'm betting on USLV.
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johnpaulca
12,036 posts
msg #107979
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9/9/2012 11:23:41 PM
UVXY($34.72)....will take a position towards the end on next week about Thursday we should have a reversal...bets are off if we get QE3 which I think is an absurd move given the debt they have to deal with.
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johnpaulca
12,036 posts
msg #107980
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9/9/2012 11:31:10 PM
BMRN($38.36) .... nice base could breakout anytime.
UDR($25.87)....nice booya setup + close above ema100 a very bullish setup.
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BarTune1
441 posts
msg #107981
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9/9/2012 11:32:51 PM
looks like I am in early .... bought VXX at the end of day on Friday ...
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johnpaulca
12,036 posts
msg #107982
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9/10/2012 12:17:42 AM
that will depend on your time frame. I'm holding TZA looking to get out sometime Monday morning. Market will be news driven this week....glty.
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johnpaulca
12,036 posts
msg #107983
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9/10/2012 10:06:06 AM
BMRN...nice move at the open now sitting at $39.15
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johnpaulca
12,036 posts
msg #107984
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9/10/2012 10:15:10 AM
XLU($36.65)....gaining momo, will day trade it on an ema100 cross 60-min chart
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Eman93
4,750 posts
msg #107990
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9/10/2012 4:47:57 PM
BarTune1
269 posts
msg #107981
- Ignore BarTune1 9/9/2012 11:32:51 PM
looks like I am in early .... bought VXX at the end of day on Friday ..
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Hope you held...
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Kevin_in_GA
4,599 posts
msg #107991
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9/10/2012 4:49:50 PM
Nice call, BarTune! What was your specific trigger for the VXX trade?
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BarTune1
441 posts
msg #107992
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9/10/2012 4:55:19 PM
I was using Connors ETF Gap Down strategy for the VXX. I also posted APOL on your other thread as a short on Thursday EOD, it was down 7.46% today. Although I didn't post it, I went short TITN on Friday and it dropped 23% today. APOL and TITN were PowerRatings plays. JCP is the only short working against me ....
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