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!
Sensei
· 1 year 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.
VT Castle
· 1 year 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.
All Comments
It's a good time to buy up beaten down names for a quick trade/daytrade!
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.
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