Markets will suck today !!!!

[Tommy Gun]

Thought this article was well done...

http://www.minyanville.com/articles...copper-baltic-dry-index-/index/a/26669?page=1

 

[clayinaustin]

WTF??? You say the market will be down, and it's up.

Today you say nothing, and the market is down 268 points to close at 10,002!

You're about as knowledgeable and helpful as Jim Cramer of Mad Money!

Jim Cramer said yesterday... The sectors that have been left for dead are rising from the grave. Serpent, if not rainbow like, to become our new bull markets. Media, cable, commercial real estate, housing, the regional banks…all the groups the bears told us needed to be put out of their misery in 2010. Yes, the facts have changed. And while we remain concerned about the President's calm like graph against the starship private enterprise and we fear Chinese hard landing, we got a whole new group of bull sectors to rode into while we wait for Washington and Beijing to take their collective jack boots off the market's jugular!

Today facts... The market tanked big time! http://finance.yahoo.com/

 

[Tommy Gun]

Sds

 

[clayinaustin]

Sds

SDS? Up 2.21 (6.71%)

ProShares UltraShort S&P500 seeks daily investment results that correspond to twice the inverse of the daily performance of the S&P 500 Index. The S&P 500 Index is a measure of large-cap United States stock market performance. It is a float-adjusted market capitalization weighted index of 500 United States operating companies and real estate investment trusts (REITs) selected by an S&P United States Index committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability. Reconstitution occurs both on a quarterly and on an ongoing basis. It takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as –200% of the daily return of the index.

 

[Tommy Gun]

SDS? Up 2.21 (6.71%)

ProShares UltraShort S&P500 seeks daily investment results that correspond to twice the inverse of the daily performance of the S&P 500 Index. The S&P 500 Index is a measure of large-cap United States stock market performance. It is a float-adjusted market capitalization weighted index of 500 United States operating companies and real estate investment trusts (REITs) selected by an S&P United States Index committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability. Reconstitution occurs both on a quarterly and on an ongoing basis. It takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as –200% of the daily return of the index.

Exactly, and UDN (US Dollar Short ETF)

 

[Expensive Date]

Exactly, and UDN (US Dollar Short ETF)

That could be the play for Fri but its risky.You would have to get in pre-market.Faz had a nice run today 11%+Asia is down big time right now they are following us but our futures ar green so tomorrow might be up all depends on the dollar.Todays drop was cause by bad unemployment numbers and a rising dollar.Tomorrow unemployment (total) for January comes out I think it will be bad and so does every one else but it could be already factored in with todays drop so we will see.

 

[Tommy Gun]

That could be the play for Fri but its risky.You would have to get in pre-market.Faz had a nice run today 11%+Asia is down big time right now they are following us but our futures ar green so tomorrow might be up all depends on the dollar.Todays drop was cause by bad unemployment numbers and a rising dollar.Tomorrow unemployment (total) for January comes out I think it will be bad and so does every one else but it could be already factored in with todays drop so we will see.

Have been short the dollar for a couple of weeks now. Got into SDS early today...trailing stop so I'll make something unless it gaps. Made good monay on FAS early this year but started playing FAZ too early and gave it all back.

 

[Expensive Date]

Have been short the dollar for a couple of weeks now. Got into SDS early today...trailing stop so I'll make something unless it gaps. Made good monay on FAS early this year but started playing FAZ too early and gave it all back.

I have not played FAZ for about a month been trading HIG in and out sold Tuesday sat out Wednesday and got back in today at an average strike price of $23.50.I am comfortable at that number earnings come out on Tuesday so thinking might hold over the weekend and dump on the run up Monday.

You have to be real careful with ETFs and ETNs they are for trading only they decay like crazy.I was looking at GLL Wednesday when it went below $10.00 that would have been a nice play.

 

[fund razor]

-268.37

 

[clayinaustin]

-268.37

Yes, that was yesterday. What will happen today? Anyone wanna predict/guess?

 

[clayinaustin]

Here we go...

http://finance.yahoo.com/

 

[Tommy Gun]

Mt trailing stop just triggered on SDS.

 

[Geronimo36]

Todays drop was cause by bad unemployment numbers and a rising dollar.Tomorrow unemployment (total) for January comes out I think it will be bad and so does every one else but it could be already factored in with todays drop so we will see.

Unemployment rate dropped to the lowest it's been in a while today...still the market is down...

We're busy as heck, lots of companies hiring right now...It's hiring season...

F'it, I'm going to work and not paying attention to the market anymore!:driving:

 

[Expensive Date]

Mt trailing stop just triggered on SDS.

Right when the market went green for a brief moment.Thats why I sometimes hate stops.Today was wild

 

[Tommy Gun]

Yep, I hate'em too but I'll take a small gain over a big loss any day.

 

[Expensive Date]

been trading HIG in and out sold Tuesday sat out Wednesday and got back in today at an average strike price of $23.50.



Out at 27.40