Tuesday, May 5, 2009

A Flurry of Moves

Only going to be a quick post today.  I did not go into work until late today because it seems I have an ear infection that causes me to have a pretty bad headache.  So rather than go into work in the morning I decided to stay home and rest a little bit.  Of course, with all that time on my hand I had to do something.  So I did a flurry of moves.  All told, I made four trades.  Since I normally only make a trade every week or so, doing four in one day just goes to show it is probably good I have a day job since I would spend all my time day trading.

The four moves I made were

  1. Got out of my long financial position, UYG.  I had a 50% gain in just a few weeks and decided not to be greedy.  Sold it at $3.91 when I had a cost average of about $2.50.

  2. Got more short the Dow.  Added to my position of DXD.

  3. Increased my position in the material's ETF, XLB.

  4. Increased my position in the Chinese ETF XFI.

All told, I increased my exposure to the market a few thousand dollars but probably went net short since my two long positions were about as long as the position I sold in the financials.  I really have no idea how long the current rally will last.  I have a feeling it might go up some more tomorrow as the market reacts positively if it is either good news or bad, the sign of a bull market.  I keep waiting for the market to correct, and yet it doesn't seem to want to do it.


  1. I am still not comfortable investing in the Chinese EFT XFI. Maybe next year.

  2. Hhahhaaa. I’m not too bright today. Great post!