Pops and drops

That little pop in the previous post was only smoke and mirrors. Might as well take advantage of them but keep your eye on the easy money which is short. The pop soon exhausted itself and down we went again. We went down because the sellers are still in control. Now watch for things to stall out or accelerate down and take profits accordingly.

1. FAZ long

2. FAZ exit

TNA short

TNA cover

FAS short and cover

GS short

GS exit

I will always back the home team when things look dismal. Sorry charts are in reverse order.

GS exit

GS entry

How to trade in a wild, pile driving market.part2

So , a week on from when I posted this Fear & Greed Day Trader: How to trade in a wild, pile driving market. There has been 3 up and 4 down days in the market since then. If you subscribe to the same feeling I do and prepared yourself for the fantastic trading opportunities that are only starting to appear on the downside, you'll have notice that the moves to the downside are picking up. More violent as the longs are starting to panic. Faster, quicker moves as support levels get broken. 100% red on my new lows indicator.

Am I convinced that the bull market is done? No, and I won't convince myself one way or the other as it is better to just live in the now moment and trade accordingly. There will be up days and down days.

I'm focusing on trading ETFs today. FAS. FAZ. TNA. SKF. no need to look elsewhere at the moment. However I will be watching stocks like AAPL, AMZN, FSLR, POT etc to crack.

From this morning

1st chart is TNA

2nd is FAS

3rd is FAZ