Saturday, March 27, 2010

Saturday Rock Blog: The Road Goes on Forever and the Party Never Ends

IWM, three year, weekly:
BIDU, one and a half year, weekly:
This party is going to end and the the come down off of the fed's drugs is going to make 2008 look like a walk in the park on a sunny Spring morning. Calling the top within a weeks or even months is nearly impossible since this whole rally is just a fed fueled orgy of free money, the only people who know when the drugs will run out are Bernanke and his buddies. By the look of the charts though, it is hard to believe they can keep the party going much longer but they may be shooting for the mid term elections in November. Good luck! I still have a mix of long dated puts and calls on various individual stocks and ETFs.

Disclosure: I have no position in IWM or BIDU but I'd like to be short both after the top.

Saturday, March 20, 2010

Saturday, March 13, 2010

Saturday Rock Blog: This Too Shall Pass

I will be on vacation, then traveling on business for the next month. As such, there will be very limited posting by me but maybe BetweenTheBars and/or ChicagoStock will fill the void. Good luck!

Hat tip to J. for the video, aka marley1up, aka weBjammin.

Saturday, March 06, 2010

Wednesday, March 03, 2010

Our plan:

My plan: short these companies.

Some Bearish Charts

Nice CME retrace, six month daily:
Cross of death tomorrow on BBY, six month daily:
Not exactly a new trend on GS, six month daily:
Disclosure: No positions in these but today I sold some of my QQQQ calls and bought a few puts.

Monday, March 01, 2010

QQQQ: Bullish

Disclosure: I own March QQQQ calls but I have a few June puts.