7/25 - support near but not hit yet...might still go lower....in any case, scary for bulls and bears a like...
Savy, young traders putting everything on the line for a piece of the big pie...
Thursday, July 26, 2012
Wednesday, July 25, 2012
7/24 - L-red, S-red
Monday, July 23, 2012
7/23 - L-red, S-yellow
Market pulled back strongly and ball is in bear's court...can stop here but i think 1 more day as not on support yet...
Sunday, July 22, 2012
7/20 - L-red, S-yellow
I guess its not a bad time to go short and still a scary times for bulls...but if i was a bear, i would be hesitant to go short as the trend now is up...any short trades are bound to be short imo
Friday, July 20, 2012
7/19 - L-red, S-red
despite a small breakout, i need to say that signs still point to a strong case to pullback here...so i would remain RED, pure RED
Wednesday, July 18, 2012
7/18 - L-red, S-red
Pushing right up at resistance right now without the strengh in oscillators and small caps thats normally evident in breakouts...if i was trade all my feelings i would exit any longs here and take full profit...but because i don't trade like that, i will just tighten stops here awaiting a possible reversal down
7/17 - L-yellow, S-red
Market is telling me that the bulls have control and many do not believe the rally...this means that i think we will churn higher slowly but surely until overbought and we have believers...but keep an eye out on SPX resistance, that might cause a pullback that might stop u out
Tuesday, July 17, 2012
Monday, July 16, 2012
7/13 - L-green, S-red
Friday, July 13, 2012
7/12 - L-red, S-red
market is very very unsure right now..is it the fed like the media says? i dunno....but with so many unclear signs, i would stay far away
Thursday, July 12, 2012
7/11 - L-red, S-red
Got a good hint that we might bounce here..and in the past, i would get long here...but right now i am going back to basics and waiting...so red, red...still...
Wednesday, July 11, 2012
7/10 - L-red, S-red
Market not finding support yet...can keep falling more but no strong signals that its time to buy now...
Tuesday, July 10, 2012
Monday, July 9, 2012
7/6 - L-Red, S-red
Is market in a strong trend? no...is it making small moves that can last days but are highly unpredictable? yes...i want to go long here...but i think its safer to just wait...
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