How high goes the rally on Obama infrastructure spending?

[stockstradr]

My instinct ALL DAY long today is I need to get out of my short index positions, with just a few percent net profit. I think this fool’s rally has more upside. We got anticipated approved of the automakers, plus we got anticipation of Obama’s big infrastructure spending plan.

[mercedes7]

You might be right. I was tempted to open a short position, but want to see how this plays out now. Bulls think this is a normal consolidation pullback after a great run…and they may be right. At the same time, I think this market is OVERVALUED. Get tired of hearing that the market is so undervalued. Hope they run it up to 1000 or more on the S & P, so I can short with more confidence.
I’d recommend a stop, but as you know those 2 x ETFs can whipsaw around like crazy. I’ve been warned not to put a tight stop on those ETFs, but I’ve found I get burned when I don’t. At the same time, have missed out on some big moves, but have protected my capital. Good luck…enjoy reading your posts.

[mercedes7]

You might be right. I was tempted to open a short position, but want to see how this plays out now. Bulls think this is a normal consolidation pullback after a great run…and they may be right. At the same time, I think this market is OVERVALUED. Get tired of hearing that the market is so undervalued. Hope they run it up to 1000 or more on the S & P, so I can short with more confidence.
I’d recommend a stop, but as you know those 2 x ETFs can whipsaw around like crazy. I’ve been warned not to put a tight stop on those ETFs, but I’ve found I get burned when I don’t. At the same time, have missed out on some big moves, but have protected my capital. Good luck…enjoy reading your posts.

[mercedes7]

You might be right. I was tempted to open a short position, but want to see how this plays out now. Bulls think this is a normal consolidation pullback after a great run…and they may be right. At the same time, I think this market is OVERVALUED. Get tired of hearing that the market is so undervalued. Hope they run it up to 1000 or more on the S & P, so I can short with more confidence.
I’d recommend a stop, but as you know those 2 x ETFs can whipsaw around like crazy. I’ve been warned not to put a tight stop on those ETFs, but I’ve found I get burned when I don’t. At the same time, have missed out on some big moves, but have protected my capital. Good luck…enjoy reading your posts.

[mercedes7]

You might be right. I was tempted to open a short position, but want to see how this plays out now. Bulls think this is a normal consolidation pullback after a great run…and they may be right. At the same time, I think this market is OVERVALUED. Get tired of hearing that the market is so undervalued. Hope they run it up to 1000 or more on the S & P, so I can short with more confidence.
I’d recommend a stop, but as you know those 2 x ETFs can whipsaw around like crazy. I’ve been warned not to put a tight stop on those ETFs, but I’ve found I get burned when I don’t. At the same time, have missed out on some big moves, but have protected my capital. Good luck…enjoy reading your posts.

[mercedes7]

You might be right. I was tempted to open a short position, but want to see how this plays out now. Bulls think this is a normal consolidation pullback after a great run…and they may be right. At the same time, I think this market is OVERVALUED. Get tired of hearing that the market is so undervalued. Hope they run it up to 1000 or more on the S & P, so I can short with more confidence.
I’d recommend a stop, but as you know those 2 x ETFs can whipsaw around like crazy. I’ve been warned not to put a tight stop on those ETFs, but I’ve found I get burned when I don’t. At the same time, have missed out on some big moves, but have protected my capital. Good luck…enjoy reading your posts.

[stockstradr]

I dumped ALL my short index positions this morning when saw chance to get out and still make enough to buy a Starbucks Latte, on that trade in ProShares “SDS.” Glad I still have the shirt on my back.

So, yes, I saw the markets were not headed down so I covered my short positions and ran like a scared rabbit.

I’m now convinced this Fool’s Rally has some real get-up-and-go left in it.

Lets talk about shorting indexes again when we see the S&P500 getting intimate with 1,000, or 1,050

ALL my current positions are LONG, except this morning I did buy a 3% of portfolio position short the 7-10 year treasuries, using the short fixed income ProShares ETF. Laugh, go ahead. I’ve started to nibble, and I’ll keep adding to my short Treasury position over the next six months. PREDICTION: within six months we will see the top of this bubble (low yields) in short-term US Treasuries. 3-month bill rates going NEGATIVE! Gimma a break. You need me to tell you that this is a great opportunity to short a bubble? I hope not.

Today the market is adding more to nice previous gains I have in my 30% of portfolio position in multiple oil stocks, and a 2:1 leveraged bet on crude. Example, I’m up 35% on PBR in FIVE days (thanks to the Chinese falling in love with Brazilian oil after I bought it). I’ll take that as my Christmas gift from Santa. I love that greasy black oil when prices are moving my direction.

I also dumped all my gold positions at $810/ounce this morning. That was a GUESS that this is still NOT the real rally we’ve all been waiting for; gold price is still under the dark hand of deflationary pressures brought by this lovely economic depression.

[stockstradr]

I dumped ALL my short index positions this morning when saw chance to get out and still make enough to buy a Starbucks Latte, on that trade in ProShares “SDS.” Glad I still have the shirt on my back.

So, yes, I saw the markets were not headed down so I covered my short positions and ran like a scared rabbit.

I’m now convinced this Fool’s Rally has some real get-up-and-go left in it.

Lets talk about shorting indexes again when we see the S&P500 getting intimate with 1,000, or 1,050

ALL my current positions are LONG, except this morning I did buy a 3% of portfolio position short the 7-10 year treasuries, using the short fixed income ProShares ETF. Laugh, go ahead. I’ve started to nibble, and I’ll keep adding to my short Treasury position over the next six months. PREDICTION: within six months we will see the top of this bubble (low yields) in short-term US Treasuries. 3-month bill rates going NEGATIVE! Gimma a break. You need me to tell you that this is a great opportunity to short a bubble? I hope not.

Today the market is adding more to nice previous gains I have in my 30% of portfolio position in multiple oil stocks, and a 2:1 leveraged bet on crude. Example, I’m up 35% on PBR in FIVE days (thanks to the Chinese falling in love with Brazilian oil after I bought it). I’ll take that as my Christmas gift from Santa. I love that greasy black oil when prices are moving my direction.

I also dumped all my gold positions at $810/ounce this morning. That was a GUESS that this is still NOT the real rally we’ve all been waiting for; gold price is still under the dark hand of deflationary pressures brought by this lovely economic depression.

[stockstradr]

I dumped ALL my short index positions this morning when saw chance to get out and still make enough to buy a Starbucks Latte, on that trade in ProShares “SDS.” Glad I still have the shirt on my back.

So, yes, I saw the markets were not headed down so I covered my short positions and ran like a scared rabbit.

I’m now convinced this Fool’s Rally has some real get-up-and-go left in it.

Lets talk about shorting indexes again when we see the S&P500 getting intimate with 1,000, or 1,050

ALL my current positions are LONG, except this morning I did buy a 3% of portfolio position short the 7-10 year treasuries, using the short fixed income ProShares ETF. Laugh, go ahead. I’ve started to nibble, and I’ll keep adding to my short Treasury position over the next six months. PREDICTION: within six months we will see the top of this bubble (low yields) in short-term US Treasuries. 3-month bill rates going NEGATIVE! Gimma a break. You need me to tell you that this is a great opportunity to short a bubble? I hope not.

Today the market is adding more to nice previous gains I have in my 30% of portfolio position in multiple oil stocks, and a 2:1 leveraged bet on crude. Example, I’m up 35% on PBR in FIVE days (thanks to the Chinese falling in love with Brazilian oil after I bought it). I’ll take that as my Christmas gift from Santa. I love that greasy black oil when prices are moving my direction.

I also dumped all my gold positions at $810/ounce this morning. That was a GUESS that this is still NOT the real rally we’ve all been waiting for; gold price is still under the dark hand of deflationary pressures brought by this lovely economic depression.

[stockstradr]

I dumped ALL my short index positions this morning when saw chance to get out and still make enough to buy a Starbucks Latte, on that trade in ProShares “SDS.” Glad I still have the shirt on my back.

So, yes, I saw the markets were not headed down so I covered my short positions and ran like a scared rabbit.

I’m now convinced this Fool’s Rally has some real get-up-and-go left in it.

Lets talk about shorting indexes again when we see the S&P500 getting intimate with 1,000, or 1,050

ALL my current positions are LONG, except this morning I did buy a 3% of portfolio position short the 7-10 year treasuries, using the short fixed income ProShares ETF. Laugh, go ahead. I’ve started to nibble, and I’ll keep adding to my short Treasury position over the next six months. PREDICTION: within six months we will see the top of this bubble (low yields) in short-term US Treasuries. 3-month bill rates going NEGATIVE! Gimma a break. You need me to tell you that this is a great opportunity to short a bubble? I hope not.

Today the market is adding more to nice previous gains I have in my 30% of portfolio position in multiple oil stocks, and a 2:1 leveraged bet on crude. Example, I’m up 35% on PBR in FIVE days (thanks to the Chinese falling in love with Brazilian oil after I bought it). I’ll take that as my Christmas gift from Santa. I love that greasy black oil when prices are moving my direction.

I also dumped all my gold positions at $810/ounce this morning. That was a GUESS that this is still NOT the real rally we’ve all been waiting for; gold price is still under the dark hand of deflationary pressures brought by this lovely economic depression.

[stockstradr]

I dumped ALL my short index positions this morning when saw chance to get out and still make enough to buy a Starbucks Latte, on that trade in ProShares “SDS.” Glad I still have the shirt on my back.

So, yes, I saw the markets were not headed down so I covered my short positions and ran like a scared rabbit.

I’m now convinced this Fool’s Rally has some real get-up-and-go left in it.

Lets talk about shorting indexes again when we see the S&P500 getting intimate with 1,000, or 1,050

ALL my current positions are LONG, except this morning I did buy a 3% of portfolio position short the 7-10 year treasuries, using the short fixed income ProShares ETF. Laugh, go ahead. I’ve started to nibble, and I’ll keep adding to my short Treasury position over the next six months. PREDICTION: within six months we will see the top of this bubble (low yields) in short-term US Treasuries. 3-month bill rates going NEGATIVE! Gimma a break. You need me to tell you that this is a great opportunity to short a bubble? I hope not.

Today the market is adding more to nice previous gains I have in my 30% of portfolio position in multiple oil stocks, and a 2:1 leveraged bet on crude. Example, I’m up 35% on PBR in FIVE days (thanks to the Chinese falling in love with Brazilian oil after I bought it). I’ll take that as my Christmas gift from Santa. I love that greasy black oil when prices are moving my direction.

I also dumped all my gold positions at $810/ounce this morning. That was a GUESS that this is still NOT the real rally we’ve all been waiting for; gold price is still under the dark hand of deflationary pressures brought by this lovely economic depression.

[peterb]

Check out the producing gold and silver miners during the last 5 trading days. Always out performing the indices by 100% and resisting most down trending. Very strong indictors! And, they’re at pretty much all-time lows. I’m up about 60% in less than 2 weeks. But I’m no day trader. I think these guys have at least one year in them.

I will be looking to short this rally as it approaches the 10000, 1000 levels. Tempted to try the triple short funds. Anyone have thoughts on these? I know they’re only a few months old.

[peterb]

Check out the producing gold and silver miners during the last 5 trading days. Always out performing the indices by 100% and resisting most down trending. Very strong indictors! And, they’re at pretty much all-time lows. I’m up about 60% in less than 2 weeks. But I’m no day trader. I think these guys have at least one year in them.

I will be looking to short this rally as it approaches the 10000, 1000 levels. Tempted to try the triple short funds. Anyone have thoughts on these? I know they’re only a few months old.

[peterb]

Check out the producing gold and silver miners during the last 5 trading days. Always out performing the indices by 100% and resisting most down trending. Very strong indictors! And, they’re at pretty much all-time lows. I’m up about 60% in less than 2 weeks. But I’m no day trader. I think these guys have at least one year in them.

I will be looking to short this rally as it approaches the 10000, 1000 levels. Tempted to try the triple short funds. Anyone have thoughts on these? I know they’re only a few months old.

[peterb]

Check out the producing gold and silver miners during the last 5 trading days. Always out performing the indices by 100% and resisting most down trending. Very strong indictors! And, they’re at pretty much all-time lows. I’m up about 60% in less than 2 weeks. But I’m no day trader. I think these guys have at least one year in them.

I will be looking to short this rally as it approaches the 10000, 1000 levels. Tempted to try the triple short funds. Anyone have thoughts on these? I know they’re only a few months old.

[Author]

Posts