Dow and S&P

Everything closed very close to session lows and ALL the indexes closed below the lows made on Friday. The DJIA is now about 100 pts from Jan lows and the S&P held by 4 points. No need for me to go through sectors as pretty much got murdered.
Alcoa, posted last night acted well as a short and the MOO short has just been spectacular, I only regret covering CMG,DECK and XME. Second time I mentioned that so you know it's like a dagger in my larynx. Let it go, just let it go. I will be back later.

Buyers Remorse

It looks like I covered CMG, DECK, and XME a little to soon. Shoot. I guess better to be safe than sorry in this market. MOO working well though. A possible turnaround Tuesday plays big here in the back of my mind so I am watching closely in here. Unless of course we take out Fridays lows.

Covering Some Shorts

DECK- 8 point profit from Monday
XME-4 points profit from Wed.
CMG- 8 point profit- about 2 week hold

We are getting close to bounce time and don't want to be a pig. Still like em short, but they will raise the dead when this pup turns.

Nice Rally

The bulls got tired of getting their asses kicked and mounted a nice rally. When the market got down near 12000 I thought there might be some support and as it turned out there was. It seems every time the ABK rumor kicks in as it did today, it marks the bottom for the market. The brokerages,banks and insurers have taken a massive pounding the last few days and I caught a nice trade on GS about a point off the low. COIN started off strong,pulled back and then mounted a beautiful rally into the close. I heard the Gartman letter owns it and made some positive comments. DECK got all the way down to $101 before it rallied. Still a great short and I will hold this one for a bit. CMG tagged $94 before coming back to close around $96.5. It was a good day for the most part as I just took what the market gave me. As usual. I will be back later if I can find some charts.