Subscribe to Posts
Subscribe to Comments
The PPT

Quick Update

Written by Zachary A. Musso On 1/07/2009 01:11:00 PM
The Financial Sector Downturn Theory is working well.  Inventory Numbers take a huge rise, and what happens to Oil?  Tanks...  Big time.  That's enough of a downturn for me to buy into DUG.  I'm holding SRS, FAZ, and with my hunt for a new position in DUG (looking @ $22-22.50 for a buy in) I am expecting everything I've been preaching for about three weeks now.  

The thought of these problems we face as we come into 2009 is immanent.  Two things to always remember:
  1. Leverage, Hedging, and Stops are what will make you money.
  2. Look at sectors as a whole and then to individual stocks.  If the sector is doing poorly, look at its publicity and the way it trades; if it gets a lot of news, it may be worth buying.  The strategy of "Buying in on Beaten Downs" isn't over yet.
I will update after market hours today.  Expect a push in oil tomorrow, just because the market doesn't want oil to drop yet.  I'll see you later.  As always...

Keep Tradin'


ZM

0 Response to 'Quick Update'

Post a Comment

MJTT Disclaimer

I am not, by any means, a financial analyst. All posts and tickers mentioned in them are my opinions and my opinions only. If you buy and sell ANY tickers because of my recommendation, you are trading at your own risk.

Zachary A. Musso - MJTT Owner/Author

Trader Bio

My Photo
Fully Discretionary, Speculative Futures Trader - Technical Analysis Junkie - Bentley University Class of 2014.

Loyal Readers

Vote for MJTT

Twitter Updates

MJTT on Facebook

MJTT Archives