Day Trading – The Bullz And Bearz
Profitable Trading In Any Market – Stocks Options FOREX
Buying Some More Shorts and Puts
March 16th, 2009
Here we are again with another rally today. My long positions are still doing amazing and our shorts have not been beaten up that badly too. I still think we are way over-bought short term here in the markets and as I mentioned this morning, I’m buying puts on the S&P at these high levels. Taking a look at the intra-day chart below, you can see we have gone nearly straight up without any break. These are great levels to be shorting from, believe me.
As for the one that got away, take a look at MET. Granted, members and I made nearly 40% on this long in about 3 days, but now it’s up over 90% since our original long date. Though I would love to be long this right now, it’s looking more and more like a great short opportunity than anything at these levels.
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Today's Live Market Quotes & Charts
| NASDAQ | 2905.66 | ||||
| S&P 500 | 1344.90 | ||||
| ^TNX | 1.95 | ||||
| ^XAU | 200.34 | ||||
| ^XOI | 1295.01 | ||||
| IWB | 74.77 | ||||
| GLD | 167.64 | ||||
| DIG | 48.09 | ||||
| TBT | 19.25 | ||||
| SDS | 16.76 | ||||
| XLB | 37.88 | ||||
| CMD | 52.74 | ||||
| RWM | 26.27 | ||||
| ERY | 9.83 | ||||
| SKF | 46.76 |
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