Fas/faz - 5/4

This why I look at XLF.

It explains a lot.

Flat top pennant is broken.

You don't see that in FAS.

 

I'm out before the EOD crash/craziness.

That was worth 8%. Really 4% since it was a 1/2.

 

I wish I rode FAS...I didn't because I couldn't believe it was still climbing.

 

Hey, I was short with you there for a while.

But I can run and take the reverse if want.

Not to be pushy, but uncertain days like this is perfect for doing the 1/2 size/hold both sides strategy like I kinda laid out in last week's thread, and taking what you can, even if it's only 2-3 %.... THEN loading up on days when you see a perfect set up, and blow a day trade.

Just sayin'......

ETA: jeeze, I shoulda held a while more, LOLZ.....

 

Should I be punched for going short this market now? I'm getting that sinking feeling in my belly...

 

if it makes you feel any better I went long on FAZ at 6.31...I feel like I shot myself in the foot also, however this is quite possibly a home run position so...I took it. Watch the AH market to see what's going to happen

 

I agree, it could be the trade you always remember, but it's hard to swallow given how the market is just running ahead

 

I better sell my posish now.

 

What do you guyz think abt some Jun 9 calls on FAZ at 1.02?

 

posish?