Once again the S&P 500 was rejected when attempting to bust through 115 on the SPY or the actually S&P of 1150. Today we pounded on it 6 times, but no follow through. Tomorrow the FED is going to be pumping cash into the market, so if she doesn’t hold tomorrow, it will make one scratch his head. Needless to say, I didn’t move any funds in my retirement account into the market.
I have already report on RIMM today, so I will skip much mention here, but I’m glad I was to break free of this trade. Pure luck.
Today I added to my JASO position because to date it was my best winner. Make note to self if someone other than me is reading my blog, never add to a losing position, only add to winners. I might have been able to find a better entry in my second position here if I didn’t have to work for a living, but I made the purchase of another 200 shares @9. Currently holding 400 shares.
I made one new purchase today in TTM, a Indian Car Co. that I’m sure you have heard in the news, TATA motors. I entered this position @ 25.31. I really, really wanted to sell SPXU today at the end of day, but didn’t. I fear with the FED pumping money tomorrow, this position will turn negative over night. I could have taken a quick $44 profit.
Up ($13.91) realized profit today. September realized gain = $215.88 AVG = $10.79 a day. Personal goal = $50 a day. Will not sell a profitable position just make goal until it is stopped out.
Unrealized and still holding:
JASO - $130
SCS - $70
TLB - $138
CTRP - $32
SPXU - $24
TTM - $21
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