S&P
Posted by StockRake on January 14, 2009 in China Stocks, Leveraged ETFs, Leveraged Funds, S&P, Solar Stocks, Technical Analysis, Trades
Chart of SPX Levels Based On Today’s Huge Drop
The Pink Line owns you. So that is the daily picture and this is the map that I should have been following to a T. I’ve been sort of following it. As far as trades go, I had to cover everything right on the open. Immediately they were all losers on the gap down. I …
SPX Trendline Support and Resistance
SPX is right around some major inflection point, but both the RUT, and the COMPX have considerable upside room which makes me think we are going to see the SPX break this trendline to the upside. After the break I think it will selloff to test the line causing a break even for the week …
Bought SPX This Morning
In staying with my plan I bought some morning weakness by using the free cash from yesterday and bought the SPX. An up close today will likely see me cashing in and taking profits. I expect volatility the rest of the week and then finally want to be long right before the Fed meeting.
Very Boring Day
Holding Short in Rydex funds, long in my beta portfolio that will almost definitely swap to short on Friday at the close. That means I sell the longs at the close and put in orders to short at Monday’s opening price. Weak consolidation on the NDX holding now underneath its H&S neckline. Dow double topped …
If the Market Closes Down Today
If the market closes down today it will likely setup some consolidation or potential a 1 day quick up move. Either way the market will likely move up into the end of the month. IMO the DOW and SPX need to move down to catch up with the NDX. The NDX can always get more …
Recent Posts
-
Trading Movies 16 Jan 2012
-
80% Chance Of Showers and Down Move 12 Jan 2012
-
Finding A Technical Co Founder, It Ain’t Easy 10 Jan 2012
-
Two Positions and Waiting 05 Jan 2012
-
My 2011 Year End Review Infograph 25 Dec 2011