http://www.stockrake.com

The market is giving back today. I fell asleep around 1pm and didn’t get back up to 11:30 pm yesterday, so I missed the big finish in the NDX. Today looks like a minor give back there. However, we gapped up, so its bringing the indicators up rather than down. I had a buy signal triggered at the close yesterday and new buys for the dow and spx today.

I still have to hold onto my weekly beta portfolio of shorts. This is the way the system works and I want to keep following it. I figure we have two big trends coming this year. After this up move is overwith I think we go down pretty big and over a period of a few months. Probably October as usual makes the low then we rally strong as usual into January, maybe continue much longer than that. Who knows? However, those two trends is where I think the beta portfolio will make big returns. I can only hope.

Related Posts