Saturday, October 31, 2009


The steel sector just got creamed last week.

Banks in danger

We are oversold, but still no bounce in sight. I've got the sell signal on banks. No good for the general market.


CYOU is another short in the newsletter. I expect it will contain more shorts in the coming weeks.


I added SOHU last Thurs.

Thursday, October 22, 2009


Almost got shaken out today, it is breaking out in the end.

Final nail on the coffin?

Looking at the slope of each rally, it gets flatter and shorter. Today's bearish engulfing looks like the final nail on the coffin.

Monday, October 19, 2009


VISN has performed well since added to the newsletter.

Thursday, October 15, 2009

Mainly day trade right now!

I can't ignore the strength, I can't fight the trend, so I covered my NUE, SCHN shorts yesterday. I remain a long term bear, but I respect the current bull trend and daytrade the long side nervously.

Stop is too tight

It was a good pick, but the stop was set too tight. Otherwise, 30% gain!

Monday, October 12, 2009

Short candidates

I have been shorting SCHN since last week, now I am shorting another steel stock: NUE.

Critical time

If the bulls can't push the market higher, a possible double top seems likely.

Thursday, October 1, 2009

I am right, this time

I know I have sounded bearish a number of times this year, but I did bravely and timely call a market top on Sep 16th on Twitter, which I feel pretty good about it.

NASDAQ retreating

The NASDAQ quickly approaches the bottom of channel. Can it hold?