New 3x fun is available DRN and DRV are based on VNQ
shorting SRS here 17.95 -18.1 with a stop at 18.30. Target for IYR is 36.14- 36.2 which should equate to SRS trading below 16.50
A market such as this that refuses to decline is speaking loudly. It is morning again in America. Forget a falling  housing market. overburdened consumers, a dollar that knows no floor, rising unemployment, a broken banking system, a power hungry administration spending money like the proverbial drunken sailors. Erase these from your minds. Now is the time [...]
I think this gap up is a gift. My short term target on the S&P500 of 925 was slightly exceeded as it hit 929. The bank stress tests are now out of the way creating a sell the news mentality. Looking for a move towards the daily 20ema and the .382 retracement of the move [...]
this market is frothy and in need of a pull back – hit my 920-925 target. Buying SRS up to 21 with a stoploss at 20 and intend to hold it for a day or two. Do not believe that it is the end of the move up just looking for a pause to refresh. [...]
 The index broke above resistance of 875 yesterday only to close below it. The day after the March FOMC meeting the S&P500 had a similar gap up  only to trade down  the rest of the day. Would expect today to mirror that day. Will wait for a break of the opening 30 minute range. These [...]
Thus far the S&P500 has traded in the narrowest range of the past 7 days (835-848) ADX levels on the daily, 120m,60m,30, and 15 minute charts are all in the teens. Their is a breakout coming just do not know which way. Set the alarms for the high and low of day and get on [...]
Currently IRY is having a nice trend day down and should close on the lows of the day. The last half hour is crazy when it comes to these 3x etfs and today should be no different. Look for 36 on SRS by 4:00
FASB changing the MTM rules has been “in the news” for the past few weeks. Does anyone doubt that their will be a change? No rule change can hide the fact that many  banks are fucked and being kept on life support by a retarded government.Gap ups of nearly 2% or more have been ideal selling opportunities. Look to [...]
the 2% gap down in the S&P futures has changed the trade somewhat. I am selling my current SRS position into the opening weakness and will wait for the first 60m range to set up. IF we make a lower low after 10:30 will reestablish the position. If we do not then I may even short [...]
