Wild days

I haven`t posted anything for a while due to a busy schedule. But hey, with that wild market we saw in the last couple of days it shouldn`t be boring anyway. The elimination of the Investment banks, rescue programs which will cost the tax-payer quit a bit, ban of short selling on financials, oil spike 20 $ on Monday,......yes we are definetely in some of the wildest days since the internet bubble. I guess the ban of short selling of around 800 financials affect most of us, as this was the game to play so far in the last couple of months. So what should we do? Adapt, thats the only thing we actually can really do. Whether or not you think it is right or wrong to impose this regulations, as a small private trader the only thing you can do is adapt. Lot of people out there believe we have bottemed now, however I not convinced so far. Fear is still in the air, VIX still in high territories, and someone will have to pay for the rescue program (guess who?).....lets see what happens and stay tuned. For my trading today I will stay mostly with cash or gold and i will watch ENER carefully.

Commodities and Lehmann

After the reversal in the commodity sector yesterday the group seems to continue today. I don`t have much trust in this move, and still think a lot of this names will go much lower in some time. For me this seems nothing more then another bounce to short the group. Financials are under pressure again, with LEH getting hit again. I will watch some long ideas in case the market decides to behave in a similar way to yesterday. The respective names on my list are: GES, ARTC, BLUD. CTRP and BG still on my short ideas list.

NIHD nice, commodities recover

NIHD working out nicely, meanwhile the commodities try to start a little recover rally, lets see how this works out today.

Morning view

LEH trading around 4 $ and it could get even worse. The financials are looking terrible and so does overall markets. Futures are down >1 %. Beside all the financials I will watch BIDU 252 level, BG 70 level, ILMN 80 level, NIHD 48 level, LFC 53 as short ideas and GNK 43 long just in case. It could be wild again today, so be careful out there.