[[ATI]] Look for a breakdown below 73.46
Comments »Thursday Night Links
Bear Markets: A great chart from 2002
Markets come full circle
Heavy Metal
10 & 30 day moving average
Gio’s old favorite exploded higher today.
I now order everything in gold.
This has been the worst contest, only 9 positive performers out of 47.
Checkout the trailer for Floored
[[SKF]] spliffThe best candlesticks for shorting stocks
Comments »Doomsday Scenario
Today’s action was expected given the importance of tomorrow’s data. We are now at a critical level, and I believe tomorrow’s report will determine the direction of stock prices for the next few weeks.
If I had to guess, I would say we break 12,000 tomorrow. Then, over the course of the day, it gets worse– mainly because traders will not hold positions over the weekend. We are truly setting up for a doomsday scenario.
However, bad news can be good news, as mother market plays tricks with the average investor. It could go either way.
My plan, I have significant downside exposure with a few short ETFs, but also have a few longs. I was tempted just to go 100% in cash a few minutes ago, but decided to go to war with my positions.
Note: If the news is positive tomorrow, I plan to load up on [[JOYG]], [[MELI]], & [[GOOG]]
Note II: We have [[BOOM]] & [[MRVL]] reporting in a few minutes, that should be interesting
Comments »FXP: Sold @ 98.00
[[FXP]]
Comments »Position Update
NOEC: Bought @ 5.85
[[NOEC]]
This is a speculative pick, but it bounced right of the 50 day MA. This one has potential, but keep a tight stop.
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