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StockRake

My stock trading journal. I time the market and look for trading opportunities in stocks, etfs, and options.

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Are You Hot Mama?

Started by StockRake · 9 months ago

The market sure looks that way to me.

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Tags: foreigner ... Continue reading »

3 comments

VT Castle
11 months ago

Ironic I was thinking the same thing... except it's the flames from those who crashed and burned who were long energy today!

It's a good time to buy up beaten down names for a quick trade/daytrade!

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Sensei
11 months ago

Anyone who was long energy and short the financials and is a short term trader going into today was a jackass. I mean if you owned the SKF and didn't cover all or most on that ridiculous gap up yesterday seriously....UYG now up 13.7% today.

Market is stair stepping up carving out support the whole way up. Very methodical and dangerous if you (not you VT, but anyone else) are still short.

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VT Castle
11 months ago

Agreed - the ultrashorts are a little powderkeg-ish to me, but the UYG is a killer trade if you scored it.

I nibbled on some GS tomorrow thanks to the technical heads up, but I'm just thankful I've got some daytrading skills leftover from early 2000 to deal w/ a schizo market.

Love the blog - just added you to the RSS so expect a few questions from my direction.

VT

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