As horrendous as the news flow has been this week, I have these charts setting up something mint. If I continue playing ostrich to the news, which is the plan, I have setups galore. The market looks like a well-managed brothel and I am simply partaking in the services hoping the Feds don’t crash the party.
I bought WLT but the big story is the resurgence of LED stocks. Everyone wrote them off after CREE reported soft numbers last quarter. Yet here we go again, with these stocks ripping. RVLT is leading the charge as my book propels over two percent higher on the day.
I switched over to trading the /NQ as I mentioned yesterday and I like the pace of trade much better. I find I am babysitting positions less often. Instead I am trading in a stick-and-move fashion that better suits my fringe lifestyle.
FaceBook will not relent and I would quite enjoy seeing it go Nicola Tesla on these shorts. Being in a well-padded long, I see no reason to sell any.
Everything I sold continued to propel higher, so selling has been stupid. Look at MHR and YGE. Stupid. Selling is for stoopid folks.
Press the boot and sip cognac instead.
Cash @ 18%
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I know you’ll revisit WLT or YGE !! YOKU SOHU SINA,,, all the china names are amazing. Just staring since I already sold : ( Still holding FSLR for one more push. Thanks Raul !
I meant to say, “MHR and YGE” …I blacked out there for a minute.
The question is, do they let me back in or are they too hot for me now?
trade’em well Starr
I just bought WLT this morning
Raul, WLT has such a good look & seems ready to reward the patient. I haven’t exited YGE, and would encourage you to join me, but I sure know the feeling of not wanting to chase. Some poached eggs & an enjoyable weekend should bring you refreshed…..ready for battle. You always win in the end, my man…