Stocks were hit hard from the onset, even leaders found themselves being sold. Ben Bernanke was testifying on the hill while traders were dumping stocks. Selling accelerated as the day wore on but were able to find footing prior to lunch time. Stocks then were hit hard after 2pm hitting new lows but support was able to come in. Stocks once again were able to avoid a nasty distribution day if the NASDAQ had gone out on its lows. This market is once again proving there is an underlying bid to the market.

Two key levels were held today and an important moving average. The NASDAQ was able to hold 1750 which happens to be its 200 day moving average while the S&P500 was able to hold a psychological level of 900. Holding the 200dma is very important level for the …

The earliest short in this list was entered on 6/17/08 everything else comes after. After this I will list my current longs:

RGLD 15%, CPRT 7%, RDK 10%, CEO 50%, ATHR 36%, POT 57%, CAJ 38%, GGB 69%, CETV 74%, ARB 38%, OKE 37%, MOS 67%, SPW 61%, TITN 54%, SBAC 51%, CEDC 65%, AMX 55%, RIMM 54%, ENB 15%, APD 45%, SPG 35%, CYT 56%, SDA 69%, HXM 64%

So all of these gains you see came in UNDER four months!!!!!!!! And just how is this bad for investors?? It isn’t. It is only bad for people that do not understand how to make money when the stock market is falling. Haven’t you fine folks heard of shorting? Is this concept too hard to grasp or will your lackluster returns always cause you to be jealous of me and my big returns. Maui No Ka Oi. My life is seriously