Here is my game plan for the rest of the week and free trade report. Watch for the key SPY support levels. A continuation of the down move would setup some nice "oversold bounce" trades.http://docs.google.com/Doc?id=d5z8q8w_1296ffhsmdfnSeptember 2, 2009Note: I will not have access to a computer Thursday and Friday while on vacation, so there will be... Continue Reading →
To see the report with charts, click hereAugust 24, 2009Market Notes:In the law there is a term called "de novo", which means to consider a matter anew. It's commonly used when an appeals court reviews a lower court decision. The appeals court can review the case with a fresh pair of eyes. I like to... Continue Reading →
1. SPY has decent long entry here at support. Tight stop.2. Short SPY and watchlist stocks on bounce.3. Many watchlist short setups can be entered long as snapback trades if we get major weakness in the coming days.4. Tech looks bad. Short Qs on stength.
Here is the report I sent to subscribers to start the trading week.http://docs.google.com/View?id=d5z8q8w_1145dtxkzjcpA lot more longs than shorts, which is a clue for the overall market.
I like the Coal and Solar sectors. I will probably enter one or two stocks from these sectors on a pullback.
Here is my detailed plan for Monday and the coming week, as sent to subscribers in today's Trade Report:May 18, 2009Market Notes:The market has pulled back close to the entry point we've been watching (87-88). The pullback is not ideal, as price has not pulled back in an orderly fashion. Also, while volume is not... Continue Reading →
1. The overall market looks good, but resistance is looming.2. A few more points down and I will start letting go of my short positions (already got rid of RTP).3. I will likely enter SPY around $87-884. Most stocks are pulling back with bullish undertones (low volume, orderly price movement).5. Lots of good looking breakout... Continue Reading →
I posted the SPY chart that I sent to subscribers last night without any annotations and a few blog readers weren't quite sure what the chart meant. The key is the two line drawn and support and resistance. If SPY gets close to the top line (around $93-95), that sets up a great short entry.... Continue Reading →