Rally mode?
27 Jan 2010 4: 53 pm | Filed under: chartsWe got our new low this morning, tested it at Fed time, then reversed strongly upwards. This could be the start of the much-anticipated countertrend rally.
-
I’m all hedged up, maybe even a tad long stocks, but I’ll start to reload on shorts if we push a couple hundred points higher. If we break hard lower, the hedges come off.
- Tags: bear market rally, dow
-
(No Ratings Yet)
Loading ...
2 Responses to “Rally mode?”
Leave a reply
Most Viewed Posts
- Treasury-only money market funds - 10,016 views
- The next bubble: cash. - 9,069 views
- 90 day T-bill rate drops to 0.23%. What’s next, negative yields? - 8,458 views
- Inverse ETFs vs. LEAPS puts - 7,901 views
- Why bailouts will not stop the depression - 6,196 views
- About - 5,721 views
- Commodities bubble bursting - 5,529 views
- Listen to the people who predicted this: No bailouts, no New Deal, no serfdom. - 5,028 views
- On Black Thursday, 1929, the Dow closed down 2%. - 4,905 views
- Jim Rogers quote: - 4,438 views
Recent Posts
- Jul 23, 2010 - Dollar sell-off about over?
- Jul 19, 2010 - CHF & EUR: 2008 dead-cat redux?
- Jun 29, 2010 - One year later, a real head and shoulders?
- Jun 25, 2010 - Relief rally coming?
- Jun 23, 2010 - Is the bounce about over?
- Jun 14, 2010 - 2011 Dividend tax increase cuts real value of S&P500 by 30%.
- Jun 13, 2010 - Shiller on double dip in housing, retail, personal saving.
- Jun 9, 2010 - Iranian central bank dumps euros for gold and dollars.
- Jun 9, 2010 - Gold shifts to negative beta vs. stocks
- Jun 9, 2010 - Beck, Woods & Maltsev on Hayek
- Jun 9, 2010 - Cops retiring as millionaires
- Jun 8, 2010 - Eric King interviews Felix Zulauf
- Jun 8, 2010 - David Einhorn: Scrap the official ratings agencies (Moodies, S&P, Fitch)
- Jun 4, 2010 - Time for a bounce? (euro, stocks, copper, oil)
- Jun 3, 2010 - Applsauce
Recent Comments:
- One year later, a real head and shoulders? - Graphite: Mike, your post helped me decide to close the short leg of a...
- One year later, a real head and shoulders? - CP: Now we’re talking - let’s look for an energy company...
- One year later, a real head and shoulders? - Graphite: I’d also imagine the oil sands producers would be juicy...
- One year later, a real head and shoulders? - Graphite: Crude oil has the most liquid futures options market of all...
- One year later, a real head and shoulders? - Mike: If leverage is what you’re after, futures offer all anyone...
- One year later, a real head and shoulders? - CP: There’s got to be a better way to short crude than the...
- 2011 Dividend tax increase cuts real value of S&P500 by 30%. - panama red: This week BP Aug 11 bonds dropped to...
- 2011 Dividend tax increase cuts real value of S&P500 by 30%. - Jui: Do dividend taxes really matter, though,...
- 2011 Dividend tax increase cuts real value of S&P500 by 30%. - Mike: Thanks, Pej. Glad you noticed that....
- 2011 Dividend tax increase cuts real value of S&P500 by 30%. - seaterk: I noticed that Diamond Drill is at the...
CP
January 27th, 2010 at 6:28 pm
Are you long any particular names or just an index?
Mike
January 27th, 2010 at 7:10 pm
Long index futures, and long-dated index puts.
I don’t do much with individual stocks anymore, besides a few “bankruptcy puts” on stuff like GE. Also short Apple, actually.