Smoking Securities

Half Baked High Finance

Fuck the Fucking Fuckers

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My Internet was down all day, no trading, no shorting, nothing. I swear there is a conspiracy afoot to prevent me from trading on these awesome days. I missed the Geithner rally a few weeks back under the same circumstances.

Anyhow, the markets look ready to churn lower now that volume has come back in. The bulls have one more day to prove themselves, otherwise this market is going down faster than a 5 dollar whore.

SKF is my favorite, and I wouldn’t be surprised to see it at 300 in a few days if the bears maintain control tomorrow. Capital preservation and keen risk management remain the name of the game. TLT, FXY and UUP are still the strongest trades, and have the greatest psychological aversion amongst small investors. Nevertheless, GLD is pulling into potential support, so look for range bound trading, or the resumption of a new downtrend.
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Written by chucklesamadeus

December 1, 2008 at 11:39 pm

Posted in FXY, GLD, SKF, TLT, UUP

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