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Ice Cold Traders
Posted On: 12/12/2012 10:51:53 AM
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Posted By: coolnapz

Short trades looking good finally but will it last? My CVX swing had a morning gap up but it is moving back down.


This morning I took a short scalp on SPY 143.92 for a 10 cent gainer and then SLV at 32.25 down to 32.07 for an 18 cent gainer. SLV proceeded to trade lower into the 200 for a bounce but this was good enough for me.


It's very hard to share daytrades in real time but that stuff is my real bread and butter. What I want to say though is that I want to emphasize that this market is very shaky, misleading and skating on thin ice.


I would be very careful about loading up on the long side because this tape has gone vertical and is starting to get stretched like a rubber band with dangerous downside consequences.


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