Taken on Highway 65 (Little Rock, Arkansas):
However, I am up +7% for the day holding onto financial shorts for several days now.
I will likely initate short positions in the REITs tomorrow.
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Thanks for the alert this morning big gains on my shorts here.. PNC STI AFL and long FAZ
Thanks for the alert this morning big gains on shorts here.. PNC STI AFL and long FAZ!
The DOW has been underperforming the S&P for a while now, it just feels weaker. I used to think of it as untouchable, all-mighty.
But I guess it’s not.
With the possible exception of Wal-Mart…
My office is around back.
I’m afraid your office was sold for $300 at public auction.
Hey CA – how do I sign up for your trade alerts?
Continue shorting…The financials are the true weapons of mass destruction, and the market is the only means of de-fusing them–nobody else will do it.
@ Spaniard: the DOW has been renamed the TARP index–what you knew is history.
Hey CA,
With so many REITs going down the funnel how do you pick? If you could only short one which would it be?
I will post quite a few financial, REITs names on my list in tonight’s post.
Looking forward to it. BTW just wanted to say thanks for all the good advice since your arrival here. I am new at this, especially TA and you have helped me quite a bit.
Frog – Hope you made some cash.
Ferrari – my coaching program is closed until I am able to free up extra time, something that I don’t see happening anytime soon.
Funnel time…….100% of the symetrical triangle break out. I think we rip past SP 740.
Hey John,
financials are up afterhours… not to mention the market is really oversold… bounce due for Monday in FAS and company? what say you?
Absolutely, high-probability reversal signal + massive volume. I have a 10% long position in BAC, purchased minutes before the close. I see 15-50% spikers next week. I’ll have to do the research after I get drunk off my ass.
haha,
you drinking already? TGIF! Have a good weekend dude! oh and thanks for the tip
Financials are poised for a bear covering rally /dipshit buying spike. So I agree with the analysis.
CDN banks/finacials are down to the 2002/3 levels. They are setting up for a buy most names are interlisted on NYSE.
I am short the HFD.to… ( its a two times bearish ETF)
long the UYG as well.
did you notice the confirmed bullish engulfing on the IYR? Massive volume…short the SRS is the trade here.