Even though only two of my shorts received cover signals with the NDX down -3%, I was able to find about 5 more great short setups. The two shorts I covered today were APEI, an education stock, and EGO, a gold stock. Actually, upon further review, EGO still looks like a good short.
Yesterday I got stopped out of my DRYS shorts, what a lame move! That’s why I usually don’t keep stop losses in low volume markets. Yeah, that was a mistake, but I did manage to add to Chinese shorts which was a great move.
Let’s do this lighting round style…
So, EEV +11% looks good for another buy with the Vix above 44. FXP +15%.
For you SRS people, it underperformed today! Yep, go for FXP or EEV and short foreign markets instead. There’s too much U.S. policy to ruin the SRS party.
EGO, should have held a little more, but don’t want to bet against gold just yet.
Ags did well today, thanks to MON’s outlook, shooting the stock up 17%.
Oil… been getting questions on oil. I’m currently short oil, but I think this dip should be bought soon. Maybe in a few weeks.
CSKI and CWT showed strength today.
AFAM up 3% on a day like this. This one is powerful.
AIPC down -13% after touching 52-high. Will buy this dip soon.
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Gio,
These post are awesome. Very informative and covers different sectors.
Youre da man!
Gio or anyone…
Is anybody trading or following EFU instead of EEV? EFU is the ultrashort emerging mkts. i believe it is short 21% Japan. 21% UK, 11% France and some others. Somewhat light volume but I could see it exploding higher as things start to shit the bed.
Thoughts
Akimai
Yep, I heard of EFU. Looks like something to trade. Not as exciting as EEV right now. Hey AssMike, did u figure out how to take a screen shot yet?
Hey AssNap – press and hold [crtl] & [alt] & [print screen] all at the same time.
That will copy a screen shot to the clipboard and you can then past it into a word .DOC or an email.
Nice post GIO.
Here is what makes up EEV:
The MSCI Emerging Markets Index adjusts the market capitalization of index constituents for free float and targets for index inclusion 85% of free float-adjusted market capitalization in each industry group, in global emerging markets countries. As of June 2007, the MSCI Emerging Markets Index consisted of the following 25 emerging market country indexes: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, and Turkey.
as of 9/30/08 Top 10 Index Companies1 Weight
Gazprom-CLS (USD)
3.11%
China Mobile Ltd. 2.45%
Petrobras Pn 2.35%
Petrobras On 2.05%
Samsung Electronics Co. Ltd. 2.03%
America Movil-L 1.69%
Vale Do Rio Doce Pna 1.43%
Teva Pharmaceutical Ind. 1.43%
Taiwan Semiconductor Mfg. 1.38%
Lukoil Holding (USD) 1.14%
1 = ProShares may invest in equity securities and/or financial instruments (including derivatives) that in combination, should have similar daily price return characteristics to the fund’s benchmark.
Index Country Weightings2
Brazil 15.14%
China 14.43%
Korea 13.19%
Taiwan 10.35%
Russia 8.37%
South Africa 7.49%
India 6.70%
Mexico 5.45%
Malaysia 2.57%
Other 16.30%
Here is what makes us EFU:
The MSCI EAFE Index (Europe, Australasia, Far East) adjusts the market capitalization of index constituents for free float and targets for index inclusion 85% of free float-adjusted market capitalization in each industry group, in developed market countries, excluding the US & Canada. As of June 2007, the MSCI EAFE Index consisted of the following 21 developed market country indexes: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.
as of 9/30/08 Top 10 Index Companies1 Weight
HSBC Holdings plc 1.98%
Nestle S.A. 1.74%
BP p.l.c. 1.60%
Total S.A. 1.33%
Novartis AG 1.28%
GlaxoSmithKline plc 1.21%
Vodafone Group Plc 1.20%
Toyota Motor Corp. 1.17%
Roche Holding Ltd. 1.12%
Royal Dutch Shell plc 1.05%
1 = ProShares may invest in equity securities and/or financial instruments (including derivatives) that in combination, should have similar daily price return characteristics to the fund’s benchmark.
Index Country Weightings2
Japan 22.14%
UK 21.67%
France 11.00%
Germany 9.02%
Switzerland 7.86%
Australia 6.32%
Spain 4.26%
Italy 3.73%
Netherlands 2.55%
Other 11.46%
They both look good. EEV has India, which will probably get hit in the near future. It’s too bad EFU doesn’t have Volkswagen. No?
XOM still has plenty of room on the short side.
18 wins zero losses past two days
people always want me to confirm–well here’s CONFIRM
http://zstock7.com/?p=253&disqus_reply=4983106#disqus-claim
For screen shots you should use Jing Project. jingproject.com
Just install it, setup a shortcut hot key .. I use Ctrl+Alt+J You get to select the area of the screen to capture or make a movie of that section of the screen. Too easy.
Example:
http://screencast.com/t/gUMlm2xVpZ