With all the excitement at the beginning of the week you would think that we would have some clear direction in which to pick. Run and hide or stay to ride more of the up trend. We came into Monday with the S&P 500(SPY) at 109.115 and ended this week at 109.369, so we have…
Month: May 2010
Wednesday’s update on SPY and my Short positions.
The S&P 500, SPY, and or my C-Fund has made sure that I will not be moving out of this fund this week, but it is close and it requires another week to make the call. Today’s chart shows that the SPY has a high of 109.47 and the 50 week MA is 109.05, so…
Don’t run yet
Well if you listened to all the doomsayers today, the US Stock market was doomed. Well after watching it today, I once again have to say, no one can predict what the market will do, so I tune out most of the news and watch my charts. I play by the rules that I have…
Update on what I will be shorting Monday
Ok, after further review, I will short these stocks in Tradefields Monday because they cleared their 50 week MA with the entire weekly trading bar. If the market is up in the morning I will wait for it to nose over which I have no doubt it will do sometime this week. ASIA-EBIX-FSYS–GOOG-JPM–MPWR–SNDA-VPRT
Note to Self and others if they want it.
All the stocks below appear to me read to short. So in my practice field that I use to learn, Tradefields, I will likely short some if not all of these stocks Monday depending on market conditions. ASIA – C – EBIX – FIRE – FSYS – GOOG – JPM – LHCG – MPWR –…
Week ending 5/21/10
While I was on vacation I was able to stay away from news and just follow my technical’s and this was very relaxing. No one can predict the future of the stock market and if that was possible then we or that special person would be a millionaire. But what you can see is when…
S&P500 and Small Cap Review
To say things are starting to look desperate is putting it lightly. The S&P500 has broken down through the major resistance line, she has broken though the 50 Week MA and my gut says close my C-Fund now. The rules state that I have to wait until the entire trading bar for the week is…
I’m still on vacation until May 22nd
I may still be on vacation, but not totally out of touch. EFA or European stocks are in trouble and I would and will stay away. The S&P 500 and Small Cap are holding on but it is turning more desperate. The 500 entire bar cleared my resistance line, but it still above the 50…
GILD Aug 21 2010 37.0 Put @ 2.08
Last Monday the 10th, I bought 5 puts on GILD after sensing things were turning negative on this stock. The markets are also turning, so I thought I would give my first negative or down trend trade a try. Things started off bad with the announcement by Gilead that over three years they would be…
S&P 500 looking shaky
Well another week in the books and it appears that it will be another week that I will have nothing to do but watch. Sometimes it is frustrating to watch, specially when there are stocks I want and they look so cheap or others bragging about how great they are doing, but this time, I…
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