Bears had their chance

I'm up 14.9% this year. But you probably won't believe me.... In that case, I'm up 1,000%.

 

I trade the SPX and not the Qs. However, the QQQQ looks weak to me as well. Check out that major bearish MACD divergence! I hadn't noticed that until now (I don't watch it). Thanks for pointing it out. Now I'm even more bearish.

 

Franklins personal trading records, mostly sheep and watch fobs.

 

Ok.. well today's action made me exit my Long position in the russell with very little profit. My setup didn't complete, therefore, I was wrong. I transferred out of the Russell and am now heavily long Apple from this morning.

My question for you bears--which stocks do you feel are good candidates for shorts right now? I would like to be market neutral.

Thanks

 

construction

raw material

alternative energy

wild card: refiners.


But I don't trade stocks so really my 2 cents is worth maybe 1.

 

Only trade the S&P 500. Why take chances if you are bearish? Just short everything!

 

I never said I was bearish--I took a big long position in Apple at the beginning of the day. Having said that, I'd like at this point to be market neutral.

 

So you think Apple will outperform the market? So buy Apple and short the market.

If you want to develop a market-neutral trading system, do it. Don't look for stock tips on ET.

With regard to stock tips:
"It is not so much greed made blind by eagerness as it is hope bandaged by the unwillingness to do any thinking." Reminiscences of a Stock Operator

 

Today has to be somewhat disappointing to the bears. They managed to reverse yesterday but couldn't close the deal, and took a pounding the last hour.

 

actually they are cycling positions in and out now {last two weeks} with the ability to get better pricing after the liquidity pumper pushes from the institutions. yesterday I could see they just stayed out of the way all the way up --- the institutions had unencumbered ability to push price --- no resistance from the hedgies until we hit the end of day {then they started to get in for the overnight session --- and that worked perfect}. end of day today was just about the same ---- and some size has come in again grinding down the start of the overnight session.

hedgies are putting their oil trade profits to work more selectively {thus more efficient} as they pick their timing for shorting the s&p contracts. there are some definite patterns at work here in my opinion.