Last week we made a move to the 1292 level on the S&P and missed it by 2 ticks i believe. I think we will get there on this push. We will see, I have a time fib before next week wednesday.
Dont be to heavy one side here I think the financials have more upside here.
Tuesday, July 29, 2008
Up and down
Well what a beauty to take profits off the SPY puts this morning. Great trade because we are higher. I still think as I said over the weekend we can push alittle higher so we will see soon enough.
Market seems so Heavy
Well folks I hope you guys are playing the trades on the blog because they have been simply awesome. In the last two weeks we have had SPY options up 100%, GOOG puts + 50% in one day, SKF puts + 100% in 3 days, SKF trade+ $15 in 3 days, TWM still a current holding up a gazillion!!! Our WM short is WAY up. Wow just huge winners after winners.
Anyways I THINK the bulls better really show up soon or we are dead, the market after yesterdays action just let me think we are going to look ugly very very soon. The DOW can easily see 8000, Yes 8000 level in a heartbeat and I am warning everyone again, don't get sucked into investing in this market because you will loose.
Yesterday after the close MER announced more potential write-downs and I believe if MER is writing down then Citibank will also. Citibank as most know was and still is my favorite short I called it short at $30 now it is $15 area and still think it will be half that price when all is said and done.
Friday I took the GOOG puts @ $11.2 and they went as high as $19 yesterday. Why did I take GOOG short? I think TECH is the next area to fall and will send the NASDAQ below 1750. RIMM is my number one short for the next year so please take note.
Folks I am here to help you all make money, so let's make it happen!!!!!!!!!!
MARKETJEDI.
Anyways I THINK the bulls better really show up soon or we are dead, the market after yesterdays action just let me think we are going to look ugly very very soon. The DOW can easily see 8000, Yes 8000 level in a heartbeat and I am warning everyone again, don't get sucked into investing in this market because you will loose.
Yesterday after the close MER announced more potential write-downs and I believe if MER is writing down then Citibank will also. Citibank as most know was and still is my favorite short I called it short at $30 now it is $15 area and still think it will be half that price when all is said and done.
Friday I took the GOOG puts @ $11.2 and they went as high as $19 yesterday. Why did I take GOOG short? I think TECH is the next area to fall and will send the NASDAQ below 1750. RIMM is my number one short for the next year so please take note.
Folks I am here to help you all make money, so let's make it happen!!!!!!!!!!
MARKETJEDI.
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