Many thanks to all my buddies/supporters, and my sincere apology that I couldn’t answer all your questions on my wall.

I’m almost done for this contest. I sold out almost all of my positions (30+) last Friday, a little more this morning, and now have only two ETF’s (UYM, DIG) in my portfolio.

This market has been a hostage of crude oil and dollar for a while, and I’m expecting oil will rebound from here (short term). Crude oil around 110 is very critical for a number of reasons:

1. long term trend line

2. 200 day moving average

3. extremely oversold. (free fall from 147 on 7/11, -24% drop in 4 wks)

4. keep in mind that we are in the center of hurricane season

Oil-topped-out (how to play oil), and summer rally (seven things I like about this market) have been my strategies, and it was nicely paid out for the last couple of weeks.

I traded mainly commodities (oil, coal, ag, steel), airliners, and financials. It’s been an extremely volatile market. Banks, brokers, bond/mortgage insurers, and airliners all moved 100% to 300% (BKUNA 594% up in 3days, LCC 575%, SCA whopping 1560% in two weeks). There is an old saying on Wall Street, “Volatility is a trader’s friend.”

I’ll be out of the market most of the week. Hope you all have a green week. Thanks again. Have a good trading.

WOW You sound like you know your stuff.  Thanks for sharing.  I am really new to this trading thing, and really excited about learn.  Take Care and happy trading.

and i was excited to 183% on my rdn....wow 1560%  wholly snikees!!!.....amazing azsky...... that's what i am going to call you from now on "the amazing azsky".... thanks for sharing....

~karand

Great job and thanks for all the help

I second the great job and thanks for the info. I hope you do as well or even better next contest.  and me too LOL.

You did well man..hope to see you soon. I.ll try to catch up to ya while your gone.

Have a good vacation bro.

Thank you, SIR!

Thank you for being so willing to share and teach!

thanks for the help

Just check in and some quick comments on crude oil.

As expected, crude oil turned around, and began to go north with other commodities (steel, fertilizer, coal....). This means oil users got hit (Look out airliners!) .Goldman Sachs come out this morning and reiterate $150 target price.

How high will it go? There was a big gap down opening from $120 to $118 on August 8, which will be filled, and $120-121 area is the last important breakdown point, which will be retested.

Be careful. This is a countertrend rally. If you had bought some oil stocks, coals, fertilizers, steels, or if you had shorted airline stocks after my report, I’ll take some profits here. You have already 20-30% profits. Don’t be greedy in this volatile market.

Watch out the movement after crude inventory report (10:35ET)

Hope you have a green day. Good luck.

Phenomenal job, good work, congrats!

Yesterday Crude oil future prices closed at $121.18 (+4.86%). By doing so, the big gap from $120 to $118 on August 8 was filled, and the last important breakdown point ($120-$121) was fully retested.

Did you take some or all profits from your oil-related stock trade yesterday? I would have done so, if I had traded actively. I don’t know where the crude oil will be headed from here. I don’t have any crystal ball at all, but my first target was met, and this is the way I trade this volatile market.

Hope you have a green day. Good luck.

 Your sharpe ratio is extremly impressive, 

One day I hope to have a portolio that looks like yours azsky!