Wednesday, January 13, 2010

VACATION DELAY

Vacation will wait until next month due to business this week. I'm going to Dallas, L.A., and then a stop in Denver.

Okay, so here is what I'm watching trading, I've closed most shorts yesterday:

MGM
DPTR
SRZ
UNG
ANO
IMGG
Fortune8...Fade ME
FMCN
FAZ
NLST
AMLN
JAZZ
EXK
SONC
RT

Lots of good setups out there...if you have questions or want feedback, just email me:
tenyeartrader@yahoo.com

good luck out there!

Friday, January 8, 2010

DOW 11200???

Market is getting way way way overbought, similar to the way way way oversold condition last March.
Thats right folks, even Pete Nagarian said on fast money tonight: "I haven't bought protection, because I'm just not worried about it."

Here's a tip: If you haven't been long through this rally it is too late to get involved. Wait for the pullback.

There is a chance we can get to 11200 on the DOW, and if we do I will not be experiencing it.

I'm about 20% short via QID, and SDS. I'm going on vacation (away from this bullish nonsense).

See ya in March

T

P.S. I will have access to my email: tenyeartrader@yahoo.com

good luck out there