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Two sectors working right now are Guns and Gold. Is it a coincidence with the market taking a 1 day hit that killed the uptrend line, closed below some 21d ema’s, looming financial regulation, European debt rating downgrades, and with the European issues bubbling up? No. There are no coincidences. Only what is. I’ve been …

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The other thing I did was cut my index longs back from 100% to 50%. Today was a good/great day, no need to risk anything. However, I do think we move higher, then not settle on those highs. There will likely be an opportunity to sell tomorrow and if its there in the morning with …

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You know I post these price level charts for the SPX and when they crack certain levels they do so in a big way. Today they did that. One of the better downmoves in the last year or so and I took the full brunt of it. Loss of 10% in the NDX, SPX and …

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The pressure is building under the foot of a weekly divergence in the SPX, RUT, NDX, COMPX and the other sectors that have been smashed, namely commodities, financials, and real estate. A relief rally typically happens when this setup is showing its face. We had a rally off the 3rd week of October low based …

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In @ 5.2, has since moved 7 pennies. Part of the biotech sector uptrend, nice daily breakout happening today. I contemplated between adding to CALM or buying QCOR, and since CALM is acting $hitty, this is where I went. adding to sectors that are holding up.

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