February 19th: Ed’s Daily IRA Summary   6 comments

It is real easy to beat the indexes on a day they all drop, and I am mainly short:

SIRI: 0.00 to $3.57 ( 0.00% , -2.72% overall)– bought at $3.67
SPXU: 1.22 to $61.07 ( 2.04% , -13.13% overall)– bought at $70.30
SQQQ: 1.01 to $53.08 ( 1.94% , -17.06% overall)– bought at $64.00

OVERALL: +0.90%


Posted February 19, 2014 by edmcgon in Open Thread, Portfolio

6 responses to “February 19th: Ed’s Daily IRA Summary

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  1. AVG is up 7% + after hours on a nice earnings and revenue beat. Another nice call of Marshall’s. Wish I bought more. Thanks Marshall!

    DIA: 1.16, 51.4K
    QQQ: 1.47, 338K
    SPY: 2.13, 1.62MIL
    IWM: 2.97, 397K

    • mdistas,
      The puts certainly went up, didn’t they?

      • Yes they did. A little higher than I would have thought for spy and iwm. The only problem with the indicator is it does not tell you what contracts this volume was traded in. Generally the highest volume activiity is the front months anyway, especially the weeklies. Will be useful to watch it the next few days. As Trader stated previously I don’t see to much weakness right now, but this most recent move up back to these levels was not as strong as previous moves in my opinion. The nasdaq appears to be holding up better lately also. We shall see what the future holds.

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