Right now the Dow has regained some points and is down -80. It’s a little difficult for me to add to shorts here when I see some old leaders holding ground, like medical stocks, and current leaders like the education stocks showing relative strength. One more intraday note is that the ugly stocks are extending their pullback from Friday. These are all short-term bullish signs.
One last note… the Vix is picking up again as we are now at 44.47 which is up 20% in 6 days.
So, be careful if you are thinking about adding shorts here. Your probabilities of success have drastically reduced. I mentioned a few weeks ago it was better to short with Vix at 35-40 which turned out to be a great entry.
-gio-
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You read my mind Gio. Today + what you said + my post last night = long SSO at 24.89. will add at close if down big.
end of day PPT shitstorm definitely a possibility any day now.
What’s an honest trader to do?
Geo,Is it time to go long AFAM?
Thought you were long ego, when did you short?
AFAM… probably not. i covered because market is a little oversold.
@Crip … was short on Friday http://www.thehawaiitrader.com/2009/01/trade-drys-ego.html
FYI got out of that SSO at 24.85.
It’s nice to see the inverse ETFs working again. Sort of.
@Danny … still very short here. I just covered one short so far but added to another; looking for a daytrade hedge for the rest i want to keep. Maybe short SRS?
…
Those iETF’s love the VIX higher!!
Good news !!
If anyone wants to play the VIX, but lack the option knowledge, USE the VIX FEB 55 call. That’s the ONE to work with—
Also HOLX up 16%, Gio, I couldn’t find your answer about HOLX—
Did you even give me your opinion?
I have such trouble navigating your various comment sections.
Next time I have a question about a stock, I’ll just email you or use the twitter system.
I really wish you had Disqus, or there’s this new one out –JR KIT or something like that.
Sorry Zee, i should answer you on Disqus next time. HOLX made a nice bounce right after dipping below the 11 spot, no?
Did i say problem with “adding to shorts” here? I meant “starting NEW shorts” here. a lot of people don’t realize the difference, and yet, there’s a huge difference.
No problem Gio–I’ll try using twitter, next time-haha!!
zee