Market Selloff Tomorrow

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July 22, 2009

There might be a 1-2 day drop starting tomorrow. I tweeted about this earlier today. I also tweeted about the new highs being a fakeout and be careful. I’m on fire lately. Called for the FLEX pop two days ago.

I sold my index longs this morning I mentioned yesterday that if we gap up I’d be covering at least half. Well we didn’t gap up, but we did move quite strong this morning and midday. That was my cue. I was out.

Now I want to buy a pullback all over again. So its either going to be tomorrow or tomorrow and Friday. I want to be a buyer definitely on Friday.

The only stocks I sold are ERX and TAN today to keep those gains. Holding all my other little stocks.

Some stocks I am looking at right now:
JASO, QCOM (on the dip tomorrow), LVS, CAEI, ICO, SOL, and others.

BTW AGO is looking good and I think the pattern on NRF looks interesting. Disclosure long both.


Tags list
  • http://money-eater.blogspot.com/ Sia

    nat gas has bottomed, spread the word, it is my new rumor

  • http://www.stockrake.com StockRake

    I agree, but wait till Friday to buy if it dips between now and then, or wait till next week. I like the UNG and GAZ charts as well.

  • http://www.stockrake.com StockRake

    I agree, but wait till Friday to buy if it dips between now and then, or wait till next week. I like the UNG and GAZ charts as well.