We are in the “Don’t Know.” Yeah, so I turned it into a noun. But that’s what this tape is on the day to day basis. We just don’t know if we’re going to be up 100 or down 200 on a given day. It’s hard to measure volatility right now because we are in the beginnings of what seems to be a major reversal. This is usually the best trading time for day-traders. But if you’re looking for something to buy, keep an eye on what has been a constant leader. Here’s what my scans are returning (although I must admit there are far more better short setups, but we’ll save those for rally days everytime we get under Dow 10k). Enjoy, and make the trade:
Such an obvious short on PCLN, that we have to play it on the long side. It’s just me and my habits…
Here’s my favorite trade of the year so far. Absolutely nailed this one on the short side. Hoping to get on the long for a brief rally….
So I called up my friend and asked what he was watching on TV, he was like, “Dude, I’m watching Glee. It’s Lady Gaga night.” I was like, “Dude, call me back when you put your balls back on… I’m busy watching Dancing With the Stars Finale.”
Congrats to Hawaii girl Nicole!
I feel better already.
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My wife watches Glee. I keep her company during the show by listening to loud rock music and obsessing about futures.
For the record, last night was NOT Lady Gaga night. It was KISS night. Lady Gaga opened for them.
So great to have you back. Keep those ideas coming!
sweet post Gio