The Shins, "New Slang (when you notice the stripes)"

A song you should know.

The RO Report, "Meltdown" Edition

Well, those who are following me on Twitter must appreciate my prescient call at around 11:30 today. I think soon I'll start the Dinosaur Trader newsletter. I mean, let's face it, every single stock blog site is going to a pay model, why shouldn't I?

For only $5k a month...I need only one lucky subscriber to make my model work, but two would be great. Email me if you are interested.

You didn't want to fight the trend today. But then, every sell-off has been faded since the lows of early March. The fact that today we closed at the lows, with volume, with broad action, should worry you if you're long. I was stopped out of my GE swing long today and my stop for my UWM is very close. Soon it seems I will be left with only SRS...

Anyway, it was a mixed day in the RO today with a few blasts. Out of 31 traders today, 18 were gross positive or 58%. 10 traders made over $1,000 gross and 5 traders lost over $1,000 gross. I was #10 of 31. I just couldn't find a good entry all day... I hate large gap days. Due to some carnage, the Manservants win...

"Chambermaid" - Trader B, -$24,674 on 659k shares traded.

2. Trader D, -$10,900 on 379k shares traded.
3. Trader N, -$10,705 on 102k shares traded.
4. Trader C, -$6,196 on 298k shares traded.
5. Trader 9*, -$1,384 on 2,700 shares traded.

"Lucky Pierre" - Trader F, $11,338 on 143k shares traded.

2. Trader A, $11,149 on 100k shares traded.
3. Trader 10*, $5,433 on 0 shares traded.
4. Trader &, $5,269 on 61,200 shares traded.
5. Trader M*, $5,148 on 0 shares traded.

Bloody map.

Leveraged ETFs Effect Trade

Here's an interesting article from the WSJ Online that seems to say (without saying it) that leveraged ETFs could create some sort of market crash.

Will Leveraged ETFs Put Cracks In Market Close?

Do you agree?