Posts Tagged ‘buy signals’
Utilities and Gold Miners
I didn’t do a blog post yesterday, but I closed my inverse etfs around 12:30 or so/tweeted, then closed my index fund shorts at 4pm and took a minor long position in RUT and NDX. I closed that long today. I figured (see the 30min chart with buy signals) we would break the pattern of …
Looking For A Reason To Sell?
Are you looking for a reason to sell? What I’m about to say comes from experience and I might not be able to explain it well. This is a pattern I’ve observed many times. Here it is. I’ll try to explain the situation that the market is in right now how I see it: -Market …
Sell Signals and Covered Profits In Junk Portfolio
At the close both SRS and FAZ went on buy signals and now I see in the afterhours BAC did a secondary priced 10%+ lower than its close AND HPQ is lower in the AH. This might be a spot where I’ll look to get short again tomorrow and I’m not looking for armageddon either. …
Market Going According To Plan
As far as the market goes, it went according to last night’s plan. Market gapped down and hit my target, so I bought. I bought heavily in the indexes which meant a full position and it yielded about 6% in the RUT and 2% in the NDX as most of my trade was made this …
Buy Signals Remained On Surprisingly When Market Was Red
I held throughout the morning drop in the market, as the buy signals on the charts I posted last night are holding up. If everything turns I’ll get out, but things look ok for now. Dow has gone red again as I type so lets see what happens. I also went long at Rydex in …

