cover FAZ and long again. Lots of great opportunities out there...

Keep an open mind of the possibilities and know what you will do when the markets move one way or the other. Prepare yourself to act and take advantage of the situations.

Sold the FAZ long, went short, now covered taking profitsand lying in wait for the momo to show itself

AS the markets continue to dive and break support levels, the ETFs like FAZ, SKF, FAS, TNA gain momentum. With huge volume, tiny spreads and good daily ranges they make ideal trading instruments. AS always, set protective stops in case things reverse.

S&P and QQQQ

FAZ

What a great day for traders. New lows to new highs. Take profits, be fleet and flexible of mind and ride the momentum.

GS long again

GS exit

QQQQ new highs

GS free money hotline

I look forward to matching my wits against wall streets home team and their computer programs.

I did the same trade last week or so. When the outlook is the dimmest, taking GS long is like taking free money. I would have thought they would camouflage their intentions better.

Gold stocks are making new highs

GG, RGLS GOLD

GS entry

GS exit

Markets at lows again, be ready to take profits after large drops, play the inevitable pops. Let the other guy panic sell. If it bounces instead, think in reverse.

Take advantage of the awesome trading conditions.

My cynical side wonders if the feds are going to implement some new short selling rules soon...

QQQQ

Volume = conviction

The crux of the day so far was this moment on the QQQQ. The first picture shows the QQQQ popping quite hard up. The second picture shows where we are now. I had to decide if this was real or not. Looking at the low volume on the candle told me there was no conviction and that it was more manipulation than anything else. I decided to stick to my shorts/ETF longs I initiated 35 minutes before.

The probabilities held up and we are now approaching the low of the day