Cramer gotta be the biggest clown on CNBS(krudlow running a close second). Is he really blaming ETF's for what is going on in the market these days? I guess those TRILLIONS of dollars loaned to folks that never had the ability to pay it back and MASSIVE GLOBAL DEFLATION have nothing to do with the carnage in the market. These ETF are a godsend as long as you respect thier potential destructive power. If you going to trade 3x ETF's for example, then trade 1/3 your normal size. Bam,risk managed!! Plus you can deploy a small amount of capital and the potiential return could be huge. Anybody trading big positions in these things deserved to be crushed... [more]
Sometimes you just gotta swing for the fences. I am going to attempt to pick up some calls on BAC Nov 15's and MSFT 22's in the morning. My timeframe is NLT Friday @ 9:35AM ;-) Strictly lotto picks...
I am not going to close multiple picks one by one it is too time consuming for me. So is there a way to close multiple picks??
I've been looking at quite a few charts this weekend and almost every one of them are forming inverse head and shoulder patterns. I don't know how to imbed but here are a few tickers you can look up: SPY,DIA,QQQQ. These stocks reflect the S&P, DOW,and the Nasdaq. All have inverse H&S on the 3 month daily charts. Looks like a monster rally is in the cards that can take the major indicies to thier respective 50 Day moving averages. Even though I am long term bearish, I belive a counter trend rally will start next week. Also keep in mind all the crappy bad news Friday and we rally hard??My 2 cents. [more]