SPX Remains in Consolidation / Sector Analysis
Thursday, December 3, 2009 at 3:09 am
Market remains in consolidation, however current 3pm futures shows an immediate break from the consolidation, so keep an eye on it in the morning.
The sectors are very interesting at the moment. Looking at the SPRD Select Sector ETFs, I came up with the following:
XLV - Bullish (breakout)
XLB - Bullish/Neutral
XLK - Bullish
XLP - Bullish
XLI - Neutral
XLU - Bullish (breakout)
XLY - Bullish
XLF - Neutral
XLE - Neutral
In $YONG and $STEM I TRUST!!!
Thanks for the StockTwits Alert / link that you posted. It let’s me know when you posted so I can visit your blog.
GNBT
NLST
NBIX looks like confirmation on the triple bottom off 2$…
Bought $SEAC 6.37/38
Short $SIGM 10.08
Out both $SIGM and $SEAC, 10.18, 6.44/frac
follow-through, illiquidity issues
PIR
BAC
FAZ
Bought $HGSI $28.99
ABK
Sold $HGSI 28.98
Bought $HGSI 29.05
Bought HBAN and NAK here
Sold $HGSI 29.09/frac
Bought $RMBS 19.97
Sold half $RMBS 20.26/frac
PSS set up long
Sold remaining $RMBS 20.07
MTG low vol retrace entry setting up
sold half at 5.08 +3%
ABK volume moving
Bought $VISN 11.39
Sold $VISN 11.46
CHTP imminent
PIR
APWR
Bought $APWR 16.59
Sold half $APWR 16.76
Sold other half $APWR 16.58
Bought $RMBS 20.13
Sold $RMBS 20.24/frac
Bought $RMBS 20.44
Sold $RMBS 20.40 - vol?
and back in 20.46/frac
Sold $RMBS 20.58
Tough day, I took MTG and TSTC, thinking I would hold multi-day, and basically got rectal-routed on both…had to bail. MTG looked like it was going to break the mother-fuck out, TSTC looked like a nice continuation over yesterday’s high…not so much. Oh well.