Now I now that this makes no sense. But if you pull up a chart of the SP 500 and go back to the failed head and shoulders pattern where we ripped up when everyone thought we was going down. You will find that now looks remarkably similar to back then. I [...]
After China officially going back into a bear market with a 20% decline in the past 2 weeks, you figure our market was due for a huge selloff today. Futures closing at low and market gapping down 79 or so points on the Dow. Then out of now where, the market comes out [...]
It’s been a couple of days since my last post, and for the 1 or 2 of you that read this blog, I am sorry. I’ve been busy trading the ES mini’s and losing money. It’s almost like an addiction. Straight up casino style gambling, although there are times to obviously trade [...]
My portfolio was up about 8% this morning, and instead of selling stuff, I was buying stuff. Which proved to be pretty stupid. I actually got caught up in selling my Equity Residential (EQR) shares to buy the Ultra Real Estate ETF (URE) which is a 2x REIT Fund. Selling EQR proved to be a [...]
I woke up this morning and turned on CNBC to look at the futures, and I immediately said, “What the F#$k”, being shocked that the s&p’s was up almost 10 points. I believe that the market is ultimately headed higher, but we are going way to fast. I was kind of hoping it trade lower [...]
This morning I was awakened to a huge rally, which I was not expecting. I don’t think anyone was expecting this rally, which means the market will probably go higher. There are alot of people not on the boat, and the train is already coming into the next station. Industrials are back [...]
