Monday, October 26, 2009

The seesaw continues

markets jumping early today for no reason


14 comments:

  1. bulls clearly will give no confirmation / continuation to bearish positions

    tough market folks - i guess buy dips should be the motto until proven wrong although I am not playing it that way

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  2. everyone will be talking about month-end markups for funds this week leading the market higher

    for me - hopefully the markups stay below my short stops, but again this morning actions make me wonder after I felt pretty good when we sold off on friday on good news

    maybe if there is just no news like today the market can rally, but on good news sell off? that doesn't really make any sense but it is what it is...

    AMZN over 121 - wow

    financials noticeably weak

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  3. banks weak but everything else up big - something will correct itself between those today

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  4. taking a shot short in AMZN at 122.55

    stop at day's highs

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  5. still in amzn for those playing along with stop above 124

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  6. what happened - market dumping for no real reason now

    amzn staying strong though - probably should have picked a weaker stock to short for an intraday play but thought it might be a gap and crap situation after the huge run on friday. i am sure amzn is jammed with shorts here which could fuel gains

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  7. sell off reasons - dollar strength i would guess

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  8. got back short amzn - think this had multipoint downside and limited upside. think the bust up of 125 was the climatic top

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  9. took half off amzn for almost 2 pts to recoup earlier losses, stop at 125 so worst i can do here is breakeven on my amzn action for the day

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  10. taking a 1/2 size short amzn position home

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  11. nice day overall for me - my shorts got paid big

    gold down - not good for me

    long bond got hit down - good for me

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  12. bidu with garbage guidance will weigh on the Naz tomorrow

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  13. quick thought - i might try to short some chinese index funds as bidu is one of several chinese companies disappointing. i think most people are thinking china will lead us out of the recession. the numbers aren't saying that and there may be some froth on these chinese stocks... have to think about this one

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