The first post for this blog. I thought some of you would like some things that I do, so I decided to have my own blog. I will post my exact trades from time to time so that you may see what I'm doing. Unfortunately many of these will be after the fact. Most of my posts will be in the following format:
1. My thoughts on the general market and market averages.
2. Trades I'm looking to make.
3. Trades I actually made with some reflection. (Note, I rarely hold a position overnight in a bear market)
This post will be quick. As the market averages flirt with their 50 day moving averages I'm taking a neutral stance for the most part. Today I felt the closing numbers were meaningless. We are at the 50 DMA but the volume has been weak. I have zero open trading positions at the close today (obviously my long term investments won't be sold very often).
I'm looking to short heavily on a short term basis, my eyes are on SRS, XHB, COH, OIH, and FXP primarily for some entry points.
Briefly, I bought and sold STP today (in at $37 and out at $38). I bought and sold TWM twice for a dollar gain both times. I also bought SOLF a tad over $12 and sold at $12.50 for a nice intraday gain.
For those of you who don't know, I'm a huge fan of ETFs. 70% of my trades will be using ETFs.
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Excellent news postings.
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