My Life My Trade

Hey folks - hope you're enjoying your vacation. My portfolio's light going into the weekend. I am long NRG and F but have sold Aug calls on both and depending on action next week will take further steps on this position. Market action on NRG was interesting on Friday - EXC upped the bid but the stock fell indicating that NRG management is unlikely to accept new bid and therefore the stock may possibly fall. I'm considering adding a put spread on NRG here. I am short NVDA (since about 11.70 or so) and also have a put-spread on it.

Lots of mixed signals right here: Golden Cross on the S&P (but the counter argument is that this cross is occuring on a falling 200 day MA), trading range bound between 880-950, low volume since April 2nd (see SPY chart) S&P on April 2nd was around 830 etc. One manager I know has a "short market - long select stocks" strategy which seems as good as any in such a market.

Have a good week.

Hey MLMT! Hopefully you caught some of that downside action on Thursday, July 2nd.

I've noticed you are a pretty active swing trader. Are you using EWT or something else to determine your entries and exits? What traditional indicators do you use?

I'm using MACD, ADX, and VWAP to seek out divergences as well as trying to be cognizant of the current EWT count.

little bit.. not a whole lot.. I don't play NQ or ES. I was delta neutral going into thursday because of employment report. I have no regrets because as tempting as it is to take a stance ahead of such binary events, in the long run it is detrimental to one's portfolio.

about my strategy I will do a post on sunday night.. driving to oregon right now.

MLMT,
You were right--I posted ORCL aug 35 puts, and I meant AUG 25 puts--Here's the thing--I copy and pasted the "35 put info" at 7 different blog sites today---dumb-

No you don't look like an idiot - you seem like a person who is very busy :-)




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I have good signals on KGC and GFI--So I'm using those to short AEM--today's signal indicates short now GFI KGC for a tiny pullback tomorrow, or wait for a higher high on Monday and then short

I am short AEM
I am short GDX
I am short NEM
I am short GLD
LOL - I split the money I had set aside to short gold and did all 4 - I dont want to be the bag holder if I pick one and that chooses to misbehave for some reason.

I managed to get shorts on KGC--I figure the most I can be off by, is the last high 20.9 or 7%, but then the upper BB band would really have to get stretched out--it's possible I suppose, for the bb band to do that.
Trading gold stocks is like "threading a needle"---don't you agree?

they are really volatile.. but fun too :-) I am in AEM & NEM (your fav)