Back home

Just got back home from an outing. Beers, pizza, frozen margaritas, more beers. So, no trades. Looking at a couple of scanners I’ve not missed much. Time for a, relatively, early night.

Sectors at the extremes

I just run a quick relative strength scan and it’s showing these sectors as relatively strong vs. S&P over the last day.
PPH - Pharma
USO - Oil services
XLP - Consumer
BBH - Biotech
And these as the weakest over the last day:
Gold
IWM - Russel 2000 (and its variants of broad, growth and value)
XLF - Financials
Silver
XLB - Materials

Wow

Just woke up, wow what a down day.. damn I should have gone with QID or something like that. I was actually stalking it for a while and when a dummy point fail at around 10:30 I abandoned that idea. From the WSJ alert I see that Tokyo is down over 700 points this morning.

BRCD

Took a 1R loss on BRCD and I’m calling it a day. There are better days than this to hunt for trades. The two other ones I was watching and run away from me were ELOS and RSH.

Yikes, red all over

What a selloff.. across the board. It’s looking a train wreck so either going short or I might just sit on the sidelines watcing today.
Update, well it’s looking like things are holding and inching up, so far. I have only 3 interesting candidates on the long side and 2 of them already triggered earlier […]

Wiping out $107.8 billion from a stock market

The beginning of the blowup?
Bloomberg.com: Worldwide
China’s stocks tumbled the most in 10 years on concern the government will crack down on illegal investments, bursting a bubble that helped drive benchmarks to records. “This is the first day when the bears on the index have won,” Liu Yang, who oversees the $421 million […]

Monday

The market popped up and lit up everything green but then crashed right thru. I had several positions and none worked too well. DOW, ITRI, AEP, NRG, TIN, TXU. The end result is a -2.6R loss.

keep looking »