Tuesday, October 21, 2008

Inverse ETFs Closing Numbers Update








7 comments:

Anonymous said...

If/when this market tanks again, what trades are you considering? SKF?

Stewie said...

i like those inverse etfs as vehicles to trade IF we start rolling over in the coming days. SKF looks like the best risk/reward here.

Sia said...

Rally tomorrow from AAPL YHOO earnings? Its hard to find a reason for this market to be bought up past the recent highs though. Who wants to own stocks in this economy?!?!

Dan said...

I see some bullish signs in the market but, man, those inverse ultra's sure look like they want to break out not down. On the other hand, AAPL, YHOO, and VMW may well bring that breakdown about tomorrow.

Stewie said...

sia/dan: people are not buying those earnings beat. Look at GOOG, it has pretty much done nothing for itself or the nasdaq since earnings. AAPL lowered guidance in q4, why is the stock up???? Don't even get me started on YHOO> they suck. I don't buy this phony prop job, it'll gap up but i think it'll peter out in the days to come. i will be watching these charts very closely in the days to come to see how it plays out.

catizzone said...

I always like your charts but I like your commentary and analysis. I am technically challenged! CCC

Stewie said...

catizzone: sorry i got lazy and didn;t comment on my charts. keep visiting this blog, you'll become a technician in no time! It's all about charts here. but basically, these charts are not bullish as of now, could change so need to keep watching closely.

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