Tuesday, May 18, 2010

ADDING A COUPLE ULTRA/3X LONG


THE MARKET IS SET TO GAP UP, I'D SAY IF YOU ARE ESTABLISHING A NEW POSITION, PICK UP 50% OR SO OF THE INTENDED SIZE ON THE OPEN, WAIT AND SEE IF THERE'S AN EARLY MORNING PULLBACK AND THEN ADD THE OTHER 50 AFTER THE PULLBACK MAKES IT'S FIRST HIGHER HIGH/HIGHER LOW ON A 1-MIN CHART. HERE ARE 3 ADDITIONAL LONGS YOU MAY WANT TO LOOK AT. DO NOT LET THE GAP UP DISSUADE YOU FROM ENTERING THE MARKET. IF YOU ARE PRETTY MUCH SET WITH YOUR POSITIONS, THEN MAYBE ONLY ADD ON THE PULLBACK SCENARIO.


TRY NOT TO OVER CORRELATE-FOR INSTANCE, YOU DON'T WANT TO BE IN BOTH THE RUSSELL AND THE QQQQ OR UYG AND SKF (BOTH FINANCIALS).


ERX
DRN
URTY
UWM