iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,701 Blog Posts

Put Some Cash To Work

Sometimes rallies of the Santa variety can be short lived.  I want my cash working in the market early so I went to work buying high quality charts.  Last night’s homework, 95% of which was done on this BEAST site alone, had me ready to pounce at the first sign of heard buying.

I sold MLNX because it made new lows early this morning and likely won’t find strength until a catalyst comes along, possibly earnings or the massive migration to online shopping.  I started new positions in RVBD, AMZN, and BF/B.

My largest position (GS) is performing admirably as is the entire financial sector.  All my other positions are still behaving constructively.  There’s a lot of session left, but the bulls grabbed the edge early.

After my morning moves, cash has been brought down to about 18%.

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