Saturday, January 16, 2010

Weekly Sector, Industry and Russell 1000 Money Flows

The Sector money flows this week reflect some fear coming back into the market, as it's been flip flopping with bonds moving to the top of the list, followed by consumer staples, healthcare and utilities, just about as defensive as you can get. Of the four major index's the Q's had the worst flows, China is "leading" the loser's, losing about 10% the last couple of months, the FXI is setting up a series of lower's high's and lower low's, and "could" be going lower, anyway, it HAS to be struggling, to be doing worse than that fiasco going on in the telecom sector.

It's a very mixed bag on the list of leading Industry flows, very diversified, biotech is leading this week, which has been kind of a lagging sector this year, the long distance carrier's showing up in the middle is kind of at odd's with what's going on in telecom, and shipping is just starting to show up on the list again. One thing is that the flow's are VERY weak, with the average increase at 15%.

Once again, I was surprised to see Aluminum beat out telecom for the biggest loser's "winner", Semiconductor's are showing up all over this list, with home improvement, retail and electronic's making their bid to be the worst of the worst.


I went through every chart on this front page of the best flow's in the Russell 1000, and TK was the best I could come up with, and even that is marginal at BEST, it's pulled back for four days and is trying to stop right at the December high, but I don't think there's a chance in hell it doesn't fill that gap around $24.90 first, which is also in the area of those two rising MA's.

There's some pretty big names, and some former high flyer's, in the list of leading negative money flows the last week. I was VERY surprised to see AA getting worse flows than Mr. "T", geeze, that price war with VZ is just killing it. KLAC is just getting slaughtered, horrible looking chart, some of the big mojo names are showing the first sign of cracks in the armour, like CRM and CREE.
I have the chart of STLD on there because I was listening to my main steel analyst last night, Marc Parr, he's very good, in fact he called the $25 target in AKS a couple of months ago, when it looked like it would never get back there again, and it hit it this past week almost to a nat's ass. Anyway, he's VERY positive on X, US Steel, with a target of back over $90, but he's pretty cautious on STLD and AKS, as spot scrap steel prices have risen to over $100/ton, which is going to provide some serious head winds for them, unless they can get some pricing power, which doesn't seem likely for a while. One outfit he continues to like is GTI, Graftech, which makes the coatings for the electrodes that enable them to hold up under the tremendous heat and pressure in the blast furnaces, he considers the drop the past week an accumulation opportunity, with a target of $19, it's currently about $14.50.

Thursday, January 14, 2010

1/14/10

That is probably, one of the single, UUUUUGGGGILLLLIIIEEESSSTTT, looking bars, I have EVER seen, on ANY stock, that being the bar on Mr. "T" yesterday, not only THAT, it did it with big VOLUME! My response, is to think about buying it, HAHAHAHAHAHAHAHAHA! Actually, I won't EVEN start getting serious about it, unless it try's to test it's prior low, down in the 24 "area", but, I may start to partial in under 25, I don't know, but it's definitely on my list.

Ouchey Pinchey Cadroney!!!! The retail sales number was horrible, Stock futures mixed after jobs, retail sales data (AP) , -.3% VS +.5% "expected", the futures responded by dropping 8 pts on the DOW, HAHAHAHAHAHAHAHA! Please, get me outta here.

Ivica is going to have his trading room open to every one tomorrow, http://www.ivicatradingcharts.com/ , if you have the time, check him out.

Boyd brought this to my attention, that is, the 228,000 contract block trade in the ES yesterday, at 12:03ET, it was picked up on by ZERO Hedge, http://www.zerohedge.com/article/fed-finger-more-observations-esh0-incident , and then I get my daily email from Larry Levine this morning, hahahahaha, the reason I read Larry is because he's as much of a conspiracy nut as I am, but he's a big player right on the floor of the CBOE, and I guess the order just about caused a collective gasp from every one on the floor yesterday:

Larry Levin's Nightly Newsletter & Trading Signals
12:03 p.m. EST
What happened at 12:03pm Eastern Time? There were no reports out, the 10-YR Note auction wasn't until 12pm, and the S&P500 was a bit stonewalled just under 1137.00 after a rally from the day's low. As the market advanced slowly through the congestion it hit: a MASSIVE order, or series of orders, lifted the offer in the e-minis. But it wasn't your garden variety large order of 2,000 mini's - I'm talking about 114 times that size.
At 11:03am today at the Chicago Board of Trade (12:03pm EST) over a quarter of a million mini-S&P500 orders traded north of 1137.00! (228,000 last count)
I looked at the attached chart in disbelief. (Please see attached chart for more info.)Could this be real I wondered? Was it some sort of computer malfunction that added too many zeros to the reported, yet smaller, trades?
No, that's not what happened. In fact, a bit of a hullabaloo occurred around my trading booth on the floor of the CBOT as many locals, brokers, and compliance members stared at the aforementioned volume chart in disbelief. As it turns out, all of the trades were indeed valid. None were busted. Moreover, as one of the compliance members told me, he saw the trades listed sequentially (1,000 or 2,000 lot orders) and they all occurred with milliseconds of one another until the massive order was completed.
This order size takes a SERIOUS bankroll to get done. If you are wrong by one-point on a 228,000 lot ES order, you can say goodbye to $11,400,000.00. If you contemplate this size your margin requirement is $1,282,500,000.00, while the notional value is $12,961,800,000.00.
Has a new "playha" hit the scene? Is his nickname "Helicopter?" Has high frequency trading (HFT) taken root in the mini-S&P in a huge way?
In the end it may turn out to have been a "cross trade," where one institutional firm prearranges a large order with another to clear it in an orderly fashion.
As of now I don't have a firm answer, but whether it was HFT activity, the "Helicopter," or a massive cross trade, it sure set the bottom in for the afternoon. Everyone in the Dow, Nasdaq, and S&P pits were talking about it and nobody was willing to sell into that massive bid.
Trade well and follow the trend, not the so-called "experts."

Sysin was yelling at me last night, because I guess at one point ALL of the various FOREX series were ALL UP, WHICH, IS A PHYSICAL IMPOSSIBILITY!!

What I'm trying to say is, is there's some seriously weird shit going on in the markets right now, futures are up slightly this morning, I guess because of this Record year for foreclosures as unemployment rises (AP) , plus, weekly jobless claims went up this morning, PLUS, everyone just loves this, Obama to Unveil Bank Tax Proposal , which in keeping with the absolute idiots that run this country, they sit there and yell and scream at the banks for not lending more money to people that can't afford to borrow it, and then turn RIGHT AROUND, AND TAKE 120 BILLION DOLLARS AWAY FROM THE BANKS, THAT THEY COULD USE TO LEND TO THOSE PEOPLE!!!!!! PLUS, they are trying to give the impression that they are showing how TOUGH they are being against Wall Street, but in actuality, THERE AIN'T A CHANCE IN HELL THAT THAT TAX IS NOT GOING TO BE PASSED ON TO CONSUMERS!!!!

Have fun out there today in La La Land.

PS: I just had to add this in here, http://bit.ly/8PRJlj , this is an article about AMSC, the author is quoting two SELL SIDE ANALYST who are saying to go all in on this thing. I mean, take a look at a weekly chart of AMSC, and you tell me, where you think this thing would have been a nice BUY???!!! Do YOU think it's a great buy right HERE???? You don't think that those two ANALYST are trying to sell their millions of shares, that they brought at much lower prices, TO YOU, DO YOU?????
I bring this up to point out the difference between SELL SIDE, and BUY SIDE, analyst, ChangeWave Investing had their clients piling into this thing, over a year ago, at almost the exact bottom in the stupid thing. Nuff said.

Wednesday, January 13, 2010

Mid-Week Swing Trade Update

I was actually doddling with this thing during the first half hour this morning, with the drop out of the chute I was looking to see what we could get with an EQUAL MOVE for the second wave, the first wave would have been the high on monday to the low yesterday, which was about a dollar, and when you use the open this morning as the top of the second wave, the second wave would have taken it down to $45, which also just happens to be the next gap fill waiting for us, from 12/22, I mean, IT ALL FIT JUST PERFECTLY!!!! THIS WAS IT!!!
HAH!! If you don't know, we filled the gap all right, accept it was the gap left over from monday, sheet, we almost made new fricking rally highs!!! I give up, this market sucks, Blomberg was as funny as they can get, which is typical of ALL the news media, I remember yesterday their headlines were "INVESTORS FLEE STOCKS OVER EARNING'S FEAR'S", today it was "INVESTORS PILE INTO STOCKS OVER STRONG EARNINGS HOPE'S", like, did some body REPORT TODAY???!!! Did AA just go away?? Wad ever, I'm done. It's kind of funny to, because this was my best day of the week today, by far, hahahahaha! My 60 min. McClellan got over sold, and started moving up, this after we stopped right about at the lows from yesterday, so there was an "area", to think they might find support, so I was shorting puts just in the remote chance we held support, it just pissed me off that it didn't complete the equal move thingey.

If I wasn't done, I might consider the metals ETF's, as the MSW seems to like them, plus the AG ETF. It doesn't like Clean Tech, PZD (that's a weekly chart, wrong), and it put on a new short on the S&P 500, IVV, GOOD LUCK WITH THAT ONE!

Going along with it liking AG, it put a new buy on MOS, it seems to have found some trendline support. It also like's Western Union (I liked the movie as well), it's kind of breaking out here, but I remember listening to some one talking about it, the funnymentals may be improving.
Any of the shorts look good, I high lighted PCLN, for obvious reasons, and MS, MS is interesting as the software has traded the short side on it fairly well, if you look over to the left, it basically missed those first two buy signals, but hit pretty big on the last buy signal, maybe this short signal will work.

Tuesday, January 12, 2010

Watch List for 1/13/10

I'm posting this later than the actual watch list below (sorry to you RSS feeders), I've been watching an experiment on the Q's, to see how it resolved. I've been watching the Q's the last two weeks, as they made the marginal new highs, while grindling and flip flopping around (IE, obnoxious shit), while TSV, Time Segmented Volume, was making a clear divergence against price the entire time, IE, going lower while the Q's made new rally highs. HOWEVER, MS, Money Stream, continued to move a little higher with the market, so, I was getting conflicting signals, hence, I was waiting to see how it "resolved". Obviously, it "resolved" today, by taking out the entire last two weeks. THEREFORE, I have come to this remarkable conclusion, that I should pay more attention to the TSV configuration, than the MS one, I consider it pretty amazing that I could figure that out on my own. Anyway, MS put in a down hook on it today, and if we lose that red moving average line just under it, we could see $44.50 faster than you can spell "Q"! That's my story, and I'm sticking to it. I figure that Inkey, some times called INTC, which reports on thursday after the close, is probably going to determine the direction of the Q's for awhile, which means to me, we get a narrow range the next couple of days, waiting on that report.
I watched the Crudlow Report tonight, for the first time in a while, because I saw an advertisement that said he was going to have Mr. Taylor on, infamous for his "Taylor Rule", which I mentioned last week, or the week before (don't ask, search for yourself). ANYWAY, I found it fascinating, because he said EXACTLY what I've said, that being that NEGATIVE REAL INTEREST RATES, are about the WORST thing, that an investor can have, ESPECIALLY, when combined with TAX HIKES! Now, get this, the consumer is trying to deleverage his balance sheet, by SAVING MONEY, while all the while, the crooked unconsitutional FED, is holding interest rates at BELOW ZERO, so that consumer probably actually get's charged MORE, by the bank, each month, than what they earn in interest! So the consumer is losing money by putting it in a savings account, while we have INCREASING inflation, meaning he's paying MORE to get to work, thanks to the increasing gas prices, which is also increasing his FOOD, and much more important, BOOZE, prices, and doesn't have a chance in hell, of actually saving any money, that he can spend, to try and boost the GDP, which is what this stinking administration and congress are claiming they are trying to do! WHICH IS WHAT I HAVE BEEN SAYING, AD NASEUM, GIVE ME 8% IN MY MONEY MARKET ACCOUNT, AND I'LL SPEND OUT THE YING YANG!!! I mean, this country is just screwed, and I'm NOT blaming the Democraps, the Republican Guard started this stupid shit, geeze! It's just incredible.
Another INCREDIBLE thing I heard tonight, and I REALLY can't believe this, is that Uncle Ben Bernacke, makes LESS, than $200,000 a year, as FED Chairman! Can you imagine that??? Like I mentioned, the number of FEDERAL BUREAUCRAP'S, making OVER, $160,000 a year, has DOUBLED the last year, to like 60,000 idiots, and here's the fifth most influential individual in the world, just in back of Obama Banana, Terrorist Pelosi, Chuckin Shumer, and Blarney Flanks, making like 30 grand a year, more than some Ahole, sitting in some office in DC, making sure I don't kill some fruit fly in my back yard!!!!!!!!!! Just, well, unreal shit.

MED is NOT, part of the lists, but it's kind of a special situation stock. This was a former "darling" of that bunch I talked about this morning, it's lost 26% the last two weeks, and TSV and MS are HORRIBLE, although they did put a little UP hook on them today. Anyway, it has a nice candle on it, it opened higher, then went lower and took out who ever was left, closing positive on the day, with a little green body. It did this right in the middle of the big congestion zone it made in November, before it blasted off to it's last high. These over loved MoJo stocks do this once in a while, in order to shake the tree, and it "could", go back up to test those highs. The only reason I even mention it, is it's very clear where you DON'T want it, IE, the stop, that would be under today's low.


Surprisingly, there were more bullish engulfing stocks today than bearish engulfing, surprising only until you realize we gapped down pretty good, so that took the "engulfing" part out of a lot of stocks. When ever you get a big down day like this, I like to look at stocks that finished HIGHER on the day, and have a decent candle to boot, WRB fits the bill. Other's that look similar, include STU, CLX, PBG, AXP, UTHR, BAX, SJM, and ARO.


Rather than short stocks that just gap down, I prefer to short stocks that open higher and then put on a lousy bar, CVH fit's the bill. Other's in that list that look similar include PRU, GNW, ALL, TER, LNC, and BKS looks REALLY weak.

1/12/09

2:05PM: Not to bad at all, we filled the SECOND gap, the first one under the one I showed yesterday, and effectively took out the entire last 11 days of gains, IN ONE DAY, HAHAHAHAHAHAHAHAHA! That's what they do, the Roach's, you wallow along, and then BOINK, you get the quick, sharp sell off, I figure by the end of the week, we probably take out the March lows, HAHAHAHAHAHAHAHAHA (Sigh, dream on)! Anyway, we found support at that second gap fill and had a little rally the rest of the day, I got off some short put's, trying to pick some thing up in the morning, but I'm basically playing for an INTC beat on thursday night (again, DREAM ON). Plus, my McClellan got into over sold territory, FINALLY, and the next signal will be a buy, so I'm jumping the gun a little. Wad ever.

This outfit usually doesn't have any thing worth mentioning, but I have to admit, this is a pretty amazing stat, http://www.chartoftheday.com/20100108.htm?T , that being that this is the first time EVER, that we didn't get any growth in the number of jobs in the last decade. Way to go Dickie!! I'll never forget Chenny's off handed "SO" remark, in that interview in which he was asked about the deficits, I guess deficits DO MATTER!

I "may", consider taking a "stop position" in MOT, I'm looking at the Jan 11 7.50 strike, you can pick them up for .55 cents. I will want to see MOT put on some kind of key reversal day, or some thing, before doing it, I mean, IF, GOOG can work their magic with the operating system, and IF, MOT doesn't get fired by GOOG, and IF, with the over whelming competition in this commoditized cell phone business, they don't start cutting prices down to zero to basically kill each other, and IF, Hmmmm, eeeeeerrrrr, well, maybe that's TO MANY IF'S, HAHAHAHA!!!


9:00am: Wooooow, this is one of the most amazing things I've ever seen. The outfit I "work" for, that has 30,000 subscriber's, issued a new buy alert on this thing on friday afternoon, about 1:30MT. I have never, I mean NEVER, seen a stock go down after they issued a buy, as 30K "investors" piling into a single stock usually has a tendency to drive it, aaaahhhhh, higher! I mean, if THEY are getting their ass's kicked, and the release of the Droid couldn't give it a kick higher, what in the hell is going to take this thing higher?????
The index's managed to claw their way back up to the open, after dumping the first half hour, but now seem to be "consolidating", if the down volume picks up speed into the last hour, we "could" get a last hour sell off, rather than the buying we've seen lately.


7:00am: HAH! Geeze, what a bunch of flakes, one lousy miss by an outfit that made a living, missing earnings for years, Alcoa, and you'd think the world was coming to an end, U.S. Stock Futures Drop on Alcoa Earnings, China Bank Reserves , futures are down about .70%, in a turn around the Q's are actually doing BETTER than the senior index's for a change.
Anyway, the "indicator's" have been diverging for awhile, warning of a possible quick, sharp pull back, the P/C has been low, and the A50's, stocks over their 50dma, have been over 90 for awhile, and with the S&P up for six days in a row, you'd have to be a gambler supremeous to bet on it continuing UP forever. It would make perfect sense to me, for us to take the dumb ass run up out, the one from the start of the year, testing the break out point at "around" 44. If we get through THAT, then it will get interesting, for the November low is just under 43, which is also the highs of September and October, plus, that's where the MAJOR trend line comes in from the July lows, so there's extremely strong support in that "area". The reason that area is so critical, is that is really the first low that we could break, before making a lower low, so we have to hold that area.
Anyway, this is all just pure speculation of course, as it wouldn't surprise me at all to see the PPT go into panic mode, as they can't stand the thought of the market dropping at ALL, like Charlie Biderman points out here, http://bit.ly/78L46A , so if we just blast off after the open, rather than continuing DOWN like we should after the open, then the BS is back, and we just grind around until we get more earnings results, like INTC on thursday, followed by JPM on friday morning.
Good luck out there today.

Monday, January 11, 2010

Watch List for 1/12/10


Woooooo Hooooooooooo, I came back from a beautiful walk this afternoon, and found out that Alcoa had missed their earnings by 84%, 1 cent VS 6 cents expected, and I thought, GREAT, I'll be able to buy AA at, WHAT, $9 bucks tomorrow, Yeeeee Haaaawwwww! Yea, good luck with that one, it was down a lousy 5%, so I check out the ACTUAL earnings, and they LOST, 28 cents, http://bit.ly/5KwcHS , BUT, they said that if you take out all the BAD SHIT, they ACTUALLY made a penny!!!!!?????? HAHAHAHAHAHAHAHAHAHA, NO SHIT GOMER!!! So then, to top that off, I'm watching FM and they come out in the conference call, and say that IF CHINA doesn't collaspe this year, they SHOULD have 10% GROWTH!!!! So, being the dumb ass I Yam, I thought, let's see, they rallied 35% INTO the earnings report, and they are projecting 10% growth in the next year, SO, I'll be able to buy them at $14 in the morning!!! Of course, I never did ask if the 10% GROWTH they were talking about, MEANT, 10% MORE LOSSES than they had the last quarter!!! Anyway, it dropped a couple of lousy cents after that cute little statement, this market SUCKS, no way around it.
I was going to have a watch list, but SCREW IT, the markets sucking the big one, ERTS came out after hours and said they had a HORRIBLE QUATER, and it's going to get WORSE, and they are down a couple of bucks, sitting back in the area of the 52 week low, in the $16 area, they've knocked about 20 cents off the Q's, so those charts above are not relevant. GME just said the same thing, GEEZE, where's all this fantastic consumer buying of these fricking TOYS the Q's make!!!!!!! You KNOW those Q's, the one's that have rallied 84% off the March bottom, because of the GREAT sales they are going to have, in this new stinking bull shit market!!!
Wad ever, I can't remember why I put those charts up there, accept to show why I DIDN'T DO A THING TODAY, Hahahaha, that doesn't happen very often. We gapped up, and they didn't even give it ONE second to try and continue up, they just shellacked it right out of the open. My only opening play, that I trust, is the "Trap Door", here's like my second post on them from a couple of years back, http://cluelessqtrader.blogspot.com/2007/02/more-trap-doors.html .
So, when we gap up and crap the shit out of it, I have no play, I wish I would have had some short puts or calls to "take profits" on, but I'm working on a big June position, where I break even with a 5% move, I get decent change with a 10% move, and I start Woooooooo Hooooooing and drinking a lot if I get more than that, hahahahahaha! Anyway, I'm not into the "trading against the position" day trading thing, YET, so ..................
It was actually pretty decent, as we went down and hit the S1, on the 15min chart at the top, on the BUTTON, BUT, we have clear air under that, down to the lows on thursday, at the white line and arrow, and when we didn't continue down, that kind of pissed me off some more. So we rally back up, right to the Pivot Point, then back down and stop out in the middle of now where, double bottom it, then rally into the close, that tail on the last bar is a "bad tick".
One thing I didn't like all day, was the 60min McClellan chart beneath that 15min chart, it continued to go down all day, diverging against price, meaning, there's a lot of LYING going on, as only a few stocks are supporting the crap. In fact, it's been flat since the first drop on 1/5, meaning there's just no A/D supporting a move higher right now. At the green arrow's, you can see it's on a SHORT, and won't COVER that, until we get under the -100 level. By that time, the position should be complete, and I can start selling put's against the long puts.

Anyway, tomorrow is turn around Tuesday (followed by turn around wednesday, etc etc etc), maybe I'll see some thing I like.
Here's more great news about the higher gas prices, http://bit.ly/5uhaUd , I mean, I heard that DEMAND was either at a 13, or 15 month low, just wonderful stuff. With prices close to 3 bucks now, I can easily see 4 bucks by summer, unless the economy collaspe's again, before that level.

1/11/10 (Books And SHORT COVERING!!)

Kind of an interesting start to the week, right out of the blue this morning I received an email from Suri Duddella, I haven't heard any thing from him in ages, in fact, when I think about it, since I ordered his book, hhahahahahah, the ROACH!! Suri is one of those brilliant individuals that can intimidate dumb ass's like me, throwing some shit at me that I can't really absorb all the time, he used to be a Top Gun on the Trade Station Forum's before he struck out on his own, anyway, he's started a new blog that look's pretty interesting, http://www.tradechartpatterns.com/ , so I added him to the link's list. He has several "indicators" he created, that are part of the TradeStation standard package, and has been considered a STANDARD, when people talk about "GURU'S".

Speaking of books (I was, wasn't I???), I was reading through a bunch of books this weekend, it was a package deal I got through BZ, and I found one that's pretty interesting, "The LEAPS Strategist", by Michael C. Thomsett. It has 108 "Strategies", for trading options, the title is about LEAPS of course, but you could use these strategies in ANY time frame, and he goes through a pretty detailed analysis of each strategy, which also includes a detailed description of what options are REALLY all about, IE, I consider it a pretty decent book for people who may be thinking about getting involved with options, but are a little intimidated with options, and not quite sure how they work. The book is pretty expensive by itself, about $35, but you can probably find a decent deal in a package or maybe a used one on Amazon or Ebay, some thing like that.

I had to laugh about some thing I was thinking about this morning (I make it a point to laugh before the open every day, about the dumb shit move's I'm going to make after the market opens, because all I do after the close, is kick myself in the ass, for making all those dumb shit move's), one of my favorite people, Clive Corcoran, was talking about the "SHORT COVERING" rally in the Pound Sterling against the Dollar, I mean, it just cracks me up, hahahahahaha! What I mean is, is that for almost two years, during the market CRASH, I honestly don't think I ever heard, NOT ONCE, some one describe the crash, as LONG COVERING, HAHAHAHAHA!!!! They always call it PROFIT TAKING, hahahaha, as if those SMART bull's, are taking their profits after the market has dropped 50%!!!! The point is, as if it's not obvious, is that people some how seem to want to think of short seller's, as complete dumb ass's! The concept of "Short Covering", is that here's this dumb ass short seller, with this huge short position, and all he ever does, EVERY DAY, is come into his office, to see how much he's going to lose EVERY DAY, wringing his hands, covering his shorts while the market continues to rise!!!! The concept is just LUDICRIUS! Wad Ever!

The futures are gapping up, about .30%, over no GOOD news, so I'm probably done for the day (Other than covering my shorts, hahahahahahaha), as I usually don't do much on friday's and monday's anyway.
Have fun out there in La La Land.

Sunday, January 10, 2010

Weekly Swing Trade Ideas for Russell 1000 and ETF's

The world may have loved the financials last week, but the MSW definitely did NOT like that candle on friday, as it want's to short the heck out of UGY, FAS, PFI and RYE. A gap down, Inside Day, after a big run like that, could be cause for concern.
The new buys are worthless, I just showed the "continuation" buy in the OEF as a courtesy.

On a weekly basis the software like's alternative energy, with new buy signals on FAN and NLR, plus it like's the OEF, with a new buy signal on the S&P 100.
It hates real estate, with new short signals on URE, IYR, FRI and REZ, heck, it even hates Global real estate, GRI. I'm a little disconbooberated by the new short on Global shipping, SEA, I can't figure out why it would want to short that big green bar, coming off of trend line support, after a five week tight pull back, I can think of a LOT of reasons to buy it, oh well, it is wad it is.

On the Russell 1000 daily charts, it has a new buy on LO, very nice key reversal candle friday, I put the new buy on ADSK on there just to fill the charts up.
I put the new weekly short signal on SLE on the chart, as it also has a new short on the daily chart, very unusual to get a confirmed daily short with a new weekly short signal. RRI had a gap down, hanging man type candle friday, it "could" be good for more.
The weekly signals are pretty much the same as what I posted wednesday night.

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