Wednesday, November 04, 2009



Not exactly panic in the streets yet so I'll take my profits in FAZ SKF and call it a day


FAZ













SKF

QQQQ daily low is being approached again. We are well positioned with FAZ and SKF longs with 20 minutes left in the day

FAZ , SKF long again

FAZ


sold FAZ, SKF taking profits until the market decides on a direction

FAZ















SKF

sold GG taking profits

SKF is rising along with FAZ

gold names are moving up
GG

I'll try FAZ long again.
Will she or won't she...

...take the loss that time


FAZ

...because you can always buy them again

FAZ


...and when it isn't, take the profits

FAZ
















SKF


The market direction is clear now for the moment

FAZ
















SKF




With all the juicy volatility lately, still playing the high probability is the best way to trade. Stocks that were up huge yesterday like GG or AIG are a better bet to fall back today if they continue as they are. And FAZ is always lurking around to pop if that happens. As always protect yourself from reverse moves with stops.
FAZ shown here.


AIG











GG












GG daily