Well, so much for our limit-up day, right? As I mentioned in the last post, I sold my SPY and XOP calls at a profit, and I dumped my GUSH long at a profit as well. Even though the market has been blown all to hell, I added some more shorts this morning. This market cannot seem to get on its feet for more than a few moments, no matter what the Politburo throws at it.(more…)
Slope of Hope Blog Posts
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Well how about that! Although my “flip to bullish” was off by a few hours, I think you’ll be kind enough to allow that, considering the mayhem we’ve been living through. It really wasn’t a bad time at all to switch teams. In my personal trading account, I had sold off my final position, GDXJ puts, at a great profit, and I poured it all into GUSH (the triple bullish energy ETF). That seemed a little nuts at yesterday’s close, but it looks to be up about 40% or so pre-market, so……….nice! Here’s the limit-up ES: