Money Never Sleeps, Pal...Redeux

I was in such a rush to leave the office I forgot a few key points. Oh and I was right about oil and gold.

Well if you don't want leverage I'm not sure about a non-levered oil short ETF but you can always short USO (if its available). Buying USO though makes you a [Daniel Plainview]Speculator[/Daniel Plainview] and the enemy of the general public.

I had intended to tell you to short all the indexes on any and all strength. To do so you should buy DXD, SDS and QID. For non levered soultions you could buy DOG, and short QQQQ. DXD and DOG are for the Dow Jones Industrial Average, QID and QQQQ are for the Nasdaq and SDS is for the Standard and Poor's 500. Admittedly I'm not too fond of SDS because it (S&P 500) has strength in energy stocks typically making it less likely to see large selloffs, although I do like it for it's tech strength. I'm bearish on tech.

Good Luck and Good Trading

EDIT: I would also short these into any strength, retailers, banks especially Lehman Brothers (LEH), Research in Motion (RIMM), Valero (VLO) when oil is low, United Airlines (UAUA) and other airlines except Southwestern (LUV) following the same principle as Valero. Valero is a small sized oil refiner who buys oil then turns it into the various objects it's used for key word "Margins"

Money Never Sleeps Pal...

If you managed to catch my blog when the title was "Greed is Good" then you might realize I was running with a Wall Street (the movie) motif.

Since it's so easy to claim I'm right AFTER the fact, I'm going on a limb and posting my predictions for the next few days.

Well the stock market is a scary place right now, although I am making money it's not for everyone. I would in my humble opinion buy gold and oil and any and all dips. Especially gold although it is a bit expensive for me. Naturally I wouldn't expect you to be buying troy ounces of gold or barrels of oil but here's what you can do.

GLD-thats an ETF (exchange traded fund) it allows you the ability to own a fund with the flexibility of a stock. it should move in tandem with the gold futures market. If you want to bet against the weak dollar you can buy currency baskets such as FXY (yen) FXE (euro) and FXB (british pound). I own FXY and it seems to be the most volatile of the three, before you buy any be sure to read about any economic uncertainty in those regions. The pound seems to be the least stable of them, the Euro gives more gains and the Yen is more volatile.

If you want to trade oil you can also trade oil stocks as well. USO is my pick its another ETF but I would advise strong caution and a hedge against losses. If you don't believe in oil's rise you can also buy DUG. DUG is an ultrashort meaning for every percent gained or lost in oil it will do twice that. Be careful though I once lost 40% on an ultrashort. I would buy DUG after any new daily highs.

I do advise caution on any and all transactions and best of luck don't act just because I say so.