The Oxen Report: Can GDP Keep Us Going, Or Are Bears Ready To Get Back In?

Thank you all for bearing with me on the missed report yesterday. What a day Wednesday was for us though, as we had three big winners. The first was our Buy Pick of the Day Direxion Daily Bear Housing ETF (DRV). We chose to go with DRV directly after we saw the homebuilder news on new home sales was poor and had missed earnings. We got in at 20.75 and exited at 21.46 for a solid 3% gain. Our Short Sell Pick of the Day was another winner, as well. We got into Switch and Data Facilities (SDXC) at 17.60, and we were able to exit for a great 2% gain at 17.25. The stock just missed our 3% exit. Finally, our Longer Play of Aetna Inc. (AET) worked out well for us. We were able to exit on our third day of holding for a solid 2% gain, entering at 25.25 and exiting at 25.80. If we had sold on Tuesday, we could of had a much better sale price, and if you held into earnings, we could have made around 10%. We still made a nice chunk of change. That is what matters in this market.

Let’s move onto today’s market…

Buy Pick of the Day:

Sell Pick of the Day:

Good Luck and Good Investing,

David Ristau