Daily Charts Oversold, I Don’t Care

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August 15, 2010

First this last swing turned into a loss over the course of the final 3-4 days. In the neighborhood of 9%+.

The 7 stocks I bought last week were also losers, not sure the amount, but it wasn’t tremendous.

Currently some of the market indexes are oversold a touch on the daily charts, like the RUT and SPX.

Is there a chance we jerk upwards one more time to kill some time in August before we enter September and start a real trend? Yes.

I bought EDZ, SMN, FXP, and FAZ and flipped my long funds to the short side.

***late edit



  • http://www.stockrake.com StockRake

    Also long EGO.