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Lighten up on your tech

Din realized how many times I was shorting Nasdaq until I was taking stock at the end of the week. The technical configuration on US tech is extremely negative, on a scale of 1-10 is 0.

Last night the Nasdaq gave up almost all it’s intra day gains of 1+% to barely register a positive outcome which is more symbolic than substantive. Will look to short the index in the coming week.

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JC Penny

JCP has been severely oversold over the past 30 days. Early morning action has drawn me back into the counter. Went in long twice for a short term trade. As a big picture person I was never into the details like the brokerage, thinking that it is just a slight road bump on the autobahn of trading. To my dismay, I found that I’ve been charged $124 for 5,000 shares each way! Which means $500 over the course of 2 trades and 15 mins!

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