“Beware of Thunder Thursday!” Comes always on the news.
.. too many Thunder-patterns in the commodity and energy related sectors. And it sure is storming here in Honolulu too! I shorted ENER, EGO, CLR in the final 2 hours. EGO (+6%) was an overnight from yesterday, ENER (+7%) was a daytrade, and CLR(+7%) was supposed to be swing-trade but had to take the profit on this sharp move. Probably just as good was selling my GMXR (+14%) long before the “Thunder” developed. I knew she was too hot for me, had to dump her.
RC was a bully on the energy plays… in the overnight DXO long, short HK… stealing lunch money from both the bulls and the bears.
Welcome to the Auto-Shop.
My sentiment on the market still stands. The Vix still did not put in a good spike down, therefore there are no high probabilities for a reversal. Be smart and take your profits long or short whenever you can. Continue to use volume as your top indicator. Turning to the price/volume/momentum indicators I shorted the energy sector on the news when I saw the volume evaporate and the momentum just flatten out.
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Aloha to my new Twittercool friends. Roll call… DrNate rides the invETFs; Brasil61bringing the heat from Miami; FousTechTrader is all technical… wazzup again!; NickFenton takes one for the daytradeteam… howzit!; timothymoore reps SoCal traders, best geographic place to trade; k_blake got lots of Options.
See yall on the streets!
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k_blake | |
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timothymoore / Tim Moore | |
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nickfenton | |
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bkmrkr / greg  |
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FousTechTrader / Cameron Fous | |
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stosh23 | |
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brasil61 | |
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dr_nate / Nathan Mueller | |
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carczar |
IBC on FIRE today!!!
Haha thanks for the shout out again buddy. I’m thinkin were gonna see some selling tomorrow in the markets. I think shippers still have some room to fall. I covered my positions in EXM and DSX today for some nice profits but picked up another one today… But i can’t say the ticker… Unless people hand me some scrilla 😉
happy trading
Let’s all take TK to the schoolyard and run him over. I’m gonna join you on Twitter tomorrow.
Let’s all take TK to the schoolyard and run him over.
VIX 100 here we go!
Scum… if we were to get that high, then it would need to do so soon! I see a breakdown in the Vix and an opportunity to short market in the mid to high 40s.
Gotta go beat up some “Honors” English students