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Insiders Club 5-18-2010 Bookmark


10:35 ish

Chop. More Chop.

Yes we jumped out of the gate and gained 85 points. Then dipped to up + 55 then back to + 84 Now back to + 54. Stocks are trading in tight ranges, with a

Insiders Club 5-17-2010 Bookmark


Well this is really something. As you know I said this morning I felt they'd be able to make a green day out of today, simply because no more bad news came out of Europe. But no... they can't even muster a good attempt. Do I

Insiders Club 5-14-2010 Bookmark


Well this is really something...

Each time I was going to post about probably seeing the bottom for the day, we'd slide further. As I type this, we're down 173 DOW points.

This sort of changes things a bit...

Insiders Club 5-13-2010 Bookmark

 Well that didn't take long. After being up about a dime, it rolled over and plunged like a rock. I had ample time to get out flat, but because it would look to you like I wasn't telling the truth I held and just got stopped at .39.


Insiders Club 5-12-2010 Bookmark



10:30 ish

Well this is really quite the day eh? Although I said that I felt the market would be green today, I did NOT think we'd pour on 90 DOW points in the first hour.

Naturally you have to

Insiders Club 5-11-2010 Bookmark



Hi kiddies.. isn't this fun?

With the market getting pushed by the Fed, I feel it's a decent time to add to our VXX holdings.

I have just added 1K shares, at 24.87.


Insiders Club 5-10-2010 Bookmark



Well they've held the day, but frankly... it's sort of odd, almost strained. We are up 355 points, but that's no better than we were at 6 hours ago.

I have NOT covered my DIA short, and I did buy

Insiders Club 5-7-2010 Bookmark



I knew today would be a choppy mess, but frankly I didn't think we'd see this sort of action. The DOW fell from - 50 to - 274 points in about 11 minutes. That's not chop, that's panic and fear. The down volume

Insiders Club -5-6-2010 Bookmark



Well folks, today has been a LOT weaker than I would have expected, and that caused me to have to rethink my position in the DIA's. As you know we went short the DIA's at 110.01 a while back. Now with this morning's drop

Insiders Club 5-5-2010 Bookmark



 I have been in and out of the SPY several times and frankly it's been a lot like "work". I made a dime, lost a nickle and now on this last run I am up about 30 cents

It's certainly not

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