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This chart was posted yesterday after the big DAILY down move in the market. This is how the same chart looks today. Good call? What sucked: EJ not working I had to dump it for a 3.9%ish loss. ABAT which I thankfully got rid of yesterday for a loss as well around 5% or so. …

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I think its a pennant in the making here on the 60min chart. I also believe we carved out the bottom of the pennant formation today at the lows and yesterday at the lows and close on the daily chart as well. I also saw the NDX find support at the 38% retracement over the …

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The two highlights of this portfolio so far are MOVI (Movi Gallery) up 63% of this writing and SFP (Salton). Salton is currently up over 14% while Movi Gallery had better than expected earnings report and said would be open to a BBI, Blockbuster takeover deal. Here is a link with more info on the …

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The way the system works is I get a weekly buy and sell signal. Last Friday I got the signal and the technique is to short those stocks at the next open (which is almost always Monday unless the market is closed). The stocks I shorted are: USMO OTIV MKTX MIND REDF FFEX MDTH

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My beta portfolio is on the verge of a signal change this Friday. The way I backtested it was hold till this Friday so thats what I’m going to do. Even though I have a signal right here. Things might change. We may get some rallies off of the econ reports this week or earnings. …

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