I bought the UYG (Ultralong Financials) yesterday at $18.8. I had a buy order in place where I saw support. I think financials are still good for a bounce up. Still short on oil, prices are going lower which is why I am still in DUG the Ultrashort oil ETF.

Shorted MEE today at $72.

Shorted BX at $17.05

I sold my positions in UYG, UWM and QLD for nice profits.  I will re-enter UYG at $18.38 if the volume is light.

DUG, and SMN are holding well since oil prices went down along with basic materials.

I went short BX today at $17.05. It hit the upper down trend channel. I want to see this break $16.50 on high volume then game on!!!

Bought GIGM at $12.12, 2 days ago. This has a really nice high volume day on May 13 with a price of $19.54.

What did I say a few days ago that we were bottoming out. In fact we blew out the bottom. Today the almost everything turned positive except the oils which I am short using the DUG (in at $30.35). Look at the market heat map…this is beautiful.

I closed my BX short yesteday at 14.91 for nice +11% gain in a few days which was good becuase today I shot up 12%!!!! Im looking potentiall short this again at around $18.

I’m currently in UYG (Ultralong Financials), DUG (Ultrashort Oil), UWM (Ultralong Russel), GS (Goldman), QLD (Ultralong QQQQ), SMN (Ultrashort Basic Materials)

I went long GS (Goldman Sachs) today at $165 because it was hitting the lower uptrend channel. I hit the mid PTR (red line) which is often a reversal at 152.25 for the low yesterday that’s close enough for me. This will run up to test $185 then $200 price targets.

DUG (ultrashort Oil, in at $30.35) will make a run for towards $37 then test it bounce around this back up to $44. See my post from July 9 about DUG

For a riskier play I entered into NNVC today at $1.34 which I posted about NNVC on June 2. This will test the high volume high at $1.78. I’m keeping stop below 9EMA (which is the pink line)

As expected the Feds are stepping into help out Freddie and Fannie. As reported in Yahoo Finance “Fed offers to lend to mortgage companies, Treasury plans possible equity investment” This news has sent the futures for the S&P, Dow and Nasdaq up. Looks like we will have a big up day on Monday.

Time to start buy the financials like XLF and UYG.

My UYG trades were stopped out for loses. The news on Freddie Mac and Fannie Mare brought the markets down on big volume.

Still long in DUG, the oils are ready to come down. The money is slowly flowing out of the oil and certain commodities. I am also short the materials using SMN (ETF) at $33.13

I went short BX (Blackstone Group) at $16.60 on July 10 and current the price is $15.64. This broke the $17 support, so next support is $13-14 which my target to close this short.

In a week or two we should see if this is the bottom. Get ready to do some major buying. I like LVS and WYNN which have been beaten down to 2-3 year lows. I also llike WMT…yes, Walmart.

Missed the DUG after oil spiked up in the early morning session. Will try again for $30.55.

Buying UYG (Ultralong Financials ETF) at $20.50. First target is $24 then $28.

The market is still weak and not bottoming out as planned. I got stopped out of the DDM, SSO and QLD last week. But today I re-entered into the QLD at $70.60 with a starting position. It may be a bit early but closed higher on slightly stronger volume than last week.

Oil look toppy….like you have heard that before…..I’m taking a short position in oil using the DUG which is the Ultrashort Oil ETF. buying at $28.40