I like the chart for STZ, Constellation Brands, Inc. –they sell liquor amongst other things. Check out it, let me know what you think. I like STZ if the market goes down hard into October-November. Seems like a good play if recession

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I moved the shorts this morning to cash and took the 1% profit. I can’t decided whether or not I should be short or long the R2k for Monday.
If I see an up day Monday at the close I will want to short it.

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If the NDX closes with any gain today, I think its impossible for the weekly chart not to turn upwards. So I’ll post my picks over the weekend in that strategy.
The Russell 2000 is breaking up above its 150ema today. That index could finish strong.

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yesterday’s move was nice, making those long awaited long positions very profitable. I’m still long today and am strongly considering cashing out at this mornings price.

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I remained long the 2x beta funds.
I think the big boys got a chance to buy today, carve out a trading range, and setup the counter fed day trade today. Being long eod today would have been better, but we will go higher than yesterdays close soon.

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Who cares, the market is going higher regardless. Not neccessarily today, although I hope so, but we will be higher than todays close next week for sure.

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I think the indices just put in a short term bottom and are ready to follow the charts to the upside after tomorrow’s Fed report.
I was looking for trendline support to be tested on the NDX at 1490, but it got 1491 and that may have been enough.
I’ll be going long big end of day [...]

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Here are some stock ideas that I found. Watch em.
AMGN - Looking good for a turnaround.
UGI - Wait for a pullback ie when techs rally.
PNM - Same deal as UGI, wait for pb.
DEO - Looks good right here.
KB - Looks good here.
TRAD - Tradestation

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This down move this morning is for what reason? AMD and 3M? The jobs report supported the move up. I thought there was a possible drop and pop situation today, hopefully it pans out. I don’t want to go short today at the close, and my system is telling me I have to. I think [...]

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I want to see how Wednesday’s market pans out. I’m expecting another big day where technology participates. However, Thursday and Friday give back all of Wednesday’s gains. Possibly Monday of next week also is a give back. Then we continue higher.
I’m looking for that pattern to occur. Even though a give back might occur, ultimately [...]

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There is an inherent belief in some people, maybe they are special, that they can beat the market. These people think they can pick stocks and do better than the traditional indexes. Maybe these people are oblivious or just ambitious. I am one of these people. Of course, I want to own some index fund [...]

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Bought two more stocks:
EPIX - EPIX Pharmaceuticals, Inc. (NASDAQ: EPIX ), a developer of innovative pharmaceuticals for magnetic resonance imaging (MRI). EPIX recently filed an appeal for FDA approval.
“Vasovist, EPIX’s lead product candidate, is an injectable intravascular contrast agent designed to provide visual imaging of the vascular system through magnetic resonance angiography. EPIX’s initial [...]

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Hopefully we get an extension tomorrow to todays gains, but the possibility of a pullback is definitely on the table. I cut back on my Rydex positions today and willl look at the morning price to take action.

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Partly short covering, mostly buyers looking for bargains.
I don’t think this upswing is overwith. We need to go higher today so that it can make a pullback over the next two days. However, we have to close higher than 1553 for that pattern to occur imo. Bernake speaks today and I think it has the [...]

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Another HUGE drop today in the markets. On the back of the biggest 1 day drop in the Nikkei in years. The good news is that the beta short portfolio is rocking, bad news is I’m still long at Rydex. My system is on a short eod today unless we get a big rally into [...]

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