Good explanation of the Hindenberg Omen at http://www.investorsalley.com.

Come on. If you can’t beat Cramer trading even a couple days a week, you should give your money to the Q-man to manage. He is an entertainer and not even that good of one.

CP -

I have nothing against Cramer. He seems like a nice enough guy. I wish him well. I just haven’t had much luck with his picks. Glad he has worked out for you.

hh,

I sold CPSL at 5.35.  Thanks for the mention.

sure thing anbion
i traded URRE too it is hot uranium play

Not much to do today.  Very slow market.  IPI is the only thing that i see moving.  I dont have it.

I have little desire to do much at all here and hence my video neglect. I believe my last one continues to sum up the tape.

I did start to wade into the ‘ole ETF’s again but small and will take it slow. I am doing the relative performance dance but don’t advise it for the quick and nimble individual trader.

Nothing I want to do in this tape. It must be a lousy market when my best performers for the day are oil/gas royalty trusts that I got for dividends (BTE, TELOZ). BTE up 3.8%, TELOZ up 11%. Some unusual activities on TELOZ in the past week or so. Got back into SQM and that’s working so far.

Long ETFs’ charts look terrible. I don’t have knowledge or courage to wade into them. (Boot Camp 2 teaching point?)

Stocks I am looking to short on a continuation move on Tuesday (IF the setup looks right):

Listed in descending order of percentage drop today:

FCSX
BMRN
CMG (ONLY because BWLD got whacked today relating to poultry supplies affected by midwest flooding)
XL
HRC
AXYS
PFG
AIG

Looks like another day of nothing to do.  Going to fix a leaky faucet today and reduce the water bill.

Dead Ahead of the Fed

long ROYL from 11.60s
short squeeze in progress

X upgrade 210 target

SPDE low float runner today
has an Iphone power saving device

Taking 1/2 my ROYL from pre-mkt on the pop

this market is BROKEN

Taking balance of ROYL off from 11.60s pre-mkt

Very good day today to play on the long side.  I guess no one expected a rally.  I have a lot of option calls today, and plan to take them off slowly.