On 11/30 I began echoing a previous SDS trading plan to scale into SDS. With half position size on 12/6/11, I decided to double down my position in anticipation of a turning point. 12/6/11 I noticed some flattening in the…
SDS October Swing Trade Review
I haven’t written specific analysis in a while and just wanted to jot down a run-through of my thoughts and two specific trades over the past month. Many of the specifics mentioned can be found in my StockTwits stream during…
End of August Trades 2011
I traded Sprint and Paetec Corp so far this week and entered a starter position in the SDS. I did not disclose these positions on the stream, but they were tickers I did call attention to.
Stocks On The Move January 3, 2011
After much nervousness in the holiday trading sessions, the beginning of the new year launches stocks higher without regard to past tentative tendencies or indicators. LEAP wireless gained almost 9.5% and has reached the short term price target set. LEAP…
SDS ProShares Prior Support Weakened Quickly
Just last week SDS looked to be ready for a corrective move higher, within its wave 4, in the current downtrend. Little if any support was found in shares of SDS at the projected low of 24.78- actual 24.74. The…
SDS ProShares Trade Double Bottom
Today the ProShares ETF SDS traded to the prior days low of 24.74 and bounced. In the previous post, it was anticipated that if the wave 3 move was complete after reaching the projected 24.78, that SDS could bounce to…
ProShares SDS At Projected Trading Low
The SDS has hit a projected price low of 24.78. Today SDS has so far traded to a low of 24.74 showing some support. Earlier in the projections the 25.35 low was a called low, this low held for 7…
SDS Ultra Short Trading Update
SDS has so far targeted the .618% retracement from previous short term high of 28.52. The price action in this double short ETF has been satisfying for the bears. The markets have been extended for quite some time. This pullback…
SDS Supported At Projected Low
Last week the SDS was trading into new 52 week lows. Two projections were made for possible support in the SDS. The 25.38 price level was tested on two occasions and then on Tuesday 9, 2010 SDS traded to 25.35.…
SDS Breaks 52 Week Low As Averages Reach Towards New Highs
The other day SDS was trading off recent lows with support. Yet, once, twice, three times- a fourth time tested bottom does not make a bottom. In most cases a bottom can only be tested twice successfully. Today SDS broke…
SDS Tests 52 Week Low
As Barons Decides “Bye-Bye, Bear”, the SDS tests a 52 week low set 1 week ago. The cover of Barrons declares that stocks as a whole will jump 7% by next June 2011, the economy will grow steadily and that…
SDS ETF Raises Questions About Market Direction
Has the SDS lost its way or is the market on a historical stimulative binge? There has been a complete reversal in sentiment in the markets and technical indicators seem to be fooling as well. Yesterday the SDS looked to…
SDS -ProShares UltraShort S&P500 (ETF)
The markets talking heads have been looking for a correction, or pullback, for many weeks now. Some say that Wednesday 23, 2009 may have signaled that turn is near or in progress already. The S&P 500 made an outside reversal…
Trade Signal SDS_092909
Buy trading signal triggered on SDS on September 29, 2009**. SDS- Buy signal triggered on SDS on September 29, 2009* Trading signal for 30 minute price bars Buy price: $39.79 Sell stop price: $39.36 LEVEL HIT – October 8, 2009…