Weekly Sector and Russell 1000 Money Flows

Just a little obnoxious side note before I get to the charts, we had our biggest snow of the series that started the night before last night, and it's snowing as I write, we had a little break yesterday afternoon which allowed me to get out for a walk in the hills, and go to the grocery and "stuff" stores to stock up, for the ten day forecast on the right side of the page is saying five more days of this stuff. I'm bringing this up because I've been up for two hours and I have yet, YET, to hear the Presidential helicopter flying around over head dropping federal dollars down upon us, to SAVE US!! "THEY" don't mind using my tax money to save Washington when they get a little snow there, or New Orleans when they get a little water in the kitchen, or Haiti when they get a little rumble in the slums, but I guess we are the "PAYOR" class, and as such we don't get to be "PAID"! Luckily, this little town has some weird thing called "neighbors", and they do this even weirder thing called "helping each other out", rather than go trudging through the snow to loot the down town stores, they actually trude through the snow to check on the elderly or incapacitated to make sure they are all right, and farmers with skip loader's go around cleaning out their neighbor's drive ways so they can get out, you know, all that weird shit that the country used to be known for. The FED's can go F--K themselves!!!!
ANYWAY, hahahahha, enough of THAT fun, there were only three negative flows on the sector's last week and one of those was the FXF I keep on there just as a counter to the dollar (which continues to have pretty good flows by the way), the TLT was the next to worse sector, but by far the worse looking flows are in the FXI, which I consider pretty interesting. They've been closed for the last week of course, the money flows are not horrible but they are pretty negative, and the chart is setting up an Island reversal pattern as the gap down yesterday took out the last three days, which also had a little Island reversal of their own, and they are coming off a pretty over bought condition that set up negative divergences on the STOCH off of a little double top formation. They open up Sunday night before us, and if their "investors" decide to start leaving Dodge it could set up some pretty negative conditions for the open here in the US monday morning. This is all pure speculation of course.

I'm showing a comparison between the XLI and the NasDog's on these two charts, the XLI includes some Big Dog's in the DOW as well as some of the bunch of toy maker's in the Q's, and it's gained 9% off the bottom compared to the 7% gain in the Dog's. I circled the money flow on the two charts to show how the XLI has broken over it's MA's while the Dog's have not, I only bring this up because there has to be some sort of pair's trade here, they both lost 10% on the pull back, so maybe short the Dog's and long the XLI???

I was so completely focused on that $44 resistance level on the Dog's that I forgot to mention the little modified Big "W" formation it was setting up, the neck line of the "W" (which is also the buy signal on this formation) was also at $44 which added some confirmation to a long with the Boyz manufactured over night gap up on monday, sigh, maybe I should "expand" my focus once in a while. Anyway, TSV now has enough data on it to be able to have a trend line under it, and with the little curl down yesterday it "could" be setting up to trigger a sell, or a short for the more gutsy players, if we get a down cross of that uptrend line.

One last note, 15 of those sectors are touching their 50dma, 5 have made a clean break above it, and 9 are still way below it, so in my opinion the jury is still out as to whether the whole market is in full blown bull mode just yet.

I really don't like ANY of the chart's on the money flow leader's in the Russell 1000, HOWEVER, there are a bunch of stocks on that list that are perfect for you "investors" who like to buy high, and then hope to find some sucker who is willing to buy it even higher, Wooooo Hoooooo, go for it! The one I DO like is WFMI, it reported greeeeaaaatttt earnings of course, and gapped up right into the high it made in October, and then, aaaahhhh, well, aaaahhhhh, hmmmm, "inwestor's" seem to be having second thoughts, as it gapped down the next day and then put on two consecutive little inside days, with TSV making an abrupt turn to the down side, with a little down hook on MS. If I had bought the gap I might be having second thoughts a little here, and for the aggressive it has a decent R/R for a short, as your stop would be right over the close of the big gap day (I wouldn't even wait around for it to take out the high of that day),with the obvious target being the gap fill around $30.

The interesting thing to me about the leading loser's in the Russell 1000 is that after having gone through the chart's of that bunch I really didn't see any thing I like as a SHORT, hahahaha! They all kind of look kind of bottomey, extended to the down side type thingey's, with the possibility of over sold bounces. The only interesting item would be when you see multiple stocks of a certain sector show up in this list of Dog's (notice how I cleverly worked WOOF into the conversation, hahahaha, sigh!), like the casino's, some of the gas and energy stocks, and the auto part stores. Speaking of them, AAP was the gold medal winner in this group, and I have them high lighted on the chart, not to recommend it as a short, but to bring up a couple of points that I've reiterated time after time, that scare the absolute shit out of me, number one being when "they" run a stock higher into it's earnings, I mean, you have to be absolutely NUTS to buy some thing like this after it run's up like that into an earnings release, and the same thing goes for when they run the whole stinking market UP into earnings season! They are building in absolute perfection for the release, and the odd's just increase expontionally on the disappointment side, especially in this case when ORLY reported at the same time, geeze, talk about your suicide wish's.

It's started snowing even HARDER since I started this, we are getting ice build ups on the power lines and I'm just getting busy signals on my phone, would some body do me a favor and give Obama a call, and tell him to get off his fricking assssssss!!!!!!!!!!!

2/19/10 EOD

I tried twice this afternoon (after watching HOURS of CURLING, Wooooo Hooooo! Hahahaha)and was not able to get logged into TradeStation, I assume it's just me and my thing (puter'), I was able to get in a little while ago, which I was thankful for so I could see what happened to me.

We had another day of "All The Same Markets" as the markets all finished positive, the DOLLAR was UUP, GOLD was UUP, OIL was UUP, and BONDS finished UUP, as shown in the top chart of the TLT. Since 99.9% of "investors" do not SHORT anything, it doesn't matter to them when every thing goes UUP, but it will matter to them when every thing goes DOWN, and their asset allocation model sucks the big one like it did during the down draft. There was a big discussion today on Fast Money about if there's any "inflation", they just couldn't seem to make their minds up, and I can under stand why, as none of them have EVER filled their own car with gas, OBVIOUSLY, as they must get driven around by CNBC, wad ever. TIPS finished DOWN by the way, thought I'd mention that.

The Q's 60min McClellan chart is at the bottom, and I put the IWM 60min McClellan just above it, I just wanted to check the IWM against the Q's to see if it's doing the same weird thing, that is, continuing to diverge against the current price rise, and it is so I guess the Q's McClellan is working. All it says is that fewer and fewer stocks are contributing to the rally, wad ever, the rest of them will probably join in when Goldman upgrades the whole market with a target 100% higher than here, VIA sweet old Abbey. Anyway, the Q's had a "throw over" on that resistance level today, the IWM hit a little dinky resistance level and rejected, with both of them pulling back the last four hours of the day. The Q's have two resistance levels above us in order to get back to the old rally highs, the IWM has only one. I'd love to see us pull back to like the old resistance level at $44, or maybe that up trend line coming in around $44.50, that "could" set up a cup and handle formation, which might lead to a break out if we went higher at that point. There's no reason NOT to go higher, the market is "INCREDIBLY" cheap here (hahahaha, HAH!), ignore the declining revenue, the important thing is that these Dog's are making a lot of money by laying off the people that might buy their products, besides, the consumer is going to have a ton of money to spend when the higher interest rate's start generating some money in their new found saving habits, and with NO inflation, they are going to have more and more money to save up to spend on the NasDog shit, Wooooooo Hoooooooo!

The Q daily chart (just above the IWM chart) had a BOF bar on it, breaking out over the resistance area and then closing lower (did I forget to say the Dog's closed LOWER, hahahaha, my bad), but that just set's them up for a BOLAMF'ER bar after Abbey upgrades the market next week, that's a BREAK OUT LIKE A MF'ER bar, hahahahahahahahahaha! Hey, look, if you can't have some FUN with the bull shit that goes on in the market, then your going to get a BAAAAAAAD attitude pretty fast.

I included the SPY daily chart just above the Q's, just to show the Fibonacci retracement level's on it, the SPY broke out over the 61.8% retracement level today, from the bottom of the current pull back, and then closed back just about on it, which ALSO is in the area of the 50dma, I showed the SPY because I have to much junk on the Q chart, but they are ALSO on that 61.8% retracement line, AND are sitting on their 50dma, which is all just coincidental stuff as Abbey will take care of all of that next week.

Have a nice weekend, I hope the Chinese come back in a good mood next week, after being off this week.

2/19/10

Da Boyz have been busy little beaver's, taking out all those misguided shorts since the FED announcement last night, they started at just about midnight my time, I guess that's when they decided they couldn't suck any more of them in, so they started taking it to them. The last little pump on the far right side is our marvelous government telling us there ain't no inflation, with the core CPI remaining FLAT. I included a chart of gasoline at the top, because, well, to aaaaahhhh, eeeeerrrrr, hhhmmmm, well sum bitch, sure looks like it's doubled in the last year, of course my eyes are not what they used to be. We're sure lucky that demand has only been at 13-15 month lows, woooooo weeeeee, I'd hate to think where gas would be if people were actually using it. Most of the guru's blamed Wally World's result's yesterday on it's consumer's "trading UP" to it's competitor's, hahahahahahaha, that's probably the stupdiest thing I've heard in some time, I'm sure it doesn't have ANY THING to do with the fact that it now cost's them twice as much to get to the gate to stand in line for the job they don't have.

Anyway, I have no doubt Da Boyz will get us back to the pre-FED levels before the day is over, Ta Ta, have a nice time in La La Land today.

OOPS!!!!!

WOOOO HAAA HAAA HAAAAA!! That's my evil laugh by the way, futures are taking a hit tonight after the FED raised rates at the discount window by .25 to .75, the poor reaction is being pumped as this may signal a rate hike in the FED funds rate at the meeting next month, as the spread between the discount window and the fund's rate is now 50 basis points. The FED says it was to "NORMALIZE" operations, this was EXPECTED, but not until next month, the spin is that the over heated PPI this morning, AND the fact that they know what the CPI number's are that come out tomrrow morning, may be causing them to tighten early, wad ever.
The NasDogs took a double hit as we dropped after the DELL earnings report, and then again on the announcement, the futures stopped at the days lows, but the Q's took out the ENTIRE day before getting the little bounce with the futures. Such is life, ain't it!
This is a typical reaction to a rate hike, and as I showed in a post a couple of years ago when I detailed prior rate hikes and lowering, other than the INITIAL poor reaction to a hike, markets ALWAYS go DOWN when the FED is lowering rates, and ALWAYS go UP when they start raising rates. The reason is simple of course, the FED lowers rates when the economy is sucking the big one, and then start raising rates when the economy starts to over heat. But CUCCA, you are saying, the markets rallied because the FED lowered rates to ZERO!!! NOOOOOOOOOOOO, the markets went UP after the FED STOPPED lowering rates, the markets continued to go DOWN all the way through the rate lowering process, the result of which is going to cause the next huge leg down in the bear market.
Wad ever, I'd love to see us take out the February lows, TOMORROW, Hahahahahahaha, but, SIGH, I seriously doubt that's going to happen, "inwestors" will more than likely come to their sense's over night, SIGH! But, HEY, a guy can always dream, RIGHT!!
This does help out money market funds though, Wooooo Hooooo!

2/18/10 eod

In the premarket the futures dropped after the weekly payroll claims came in WAY higher than "expected", DOW dropped almost 70 points, especially after the PPI came in twice as high as expected at 1.4%, and the Core PPI came in 200% higher than expected, so we wallowed around until the open, and....................

We opened up, and the SPY proceeded to fill the gap within the first 10 minutes, just missing filling it on the first five minute bar by a few cents, I had been up since 3:30am and was in no mood for this unmitigated bull shit, so I shut down for the rest of the day, Waaaaa Laaaaaa!

We blasted off again after the LEI's came in 40% lower than expected at 10am ET, I guess the good Philly Fed report was enough to over come the lousy GDP readings, wad ever.

It's a good thing the power's that be, or as Robert McHugh likes to call them, The Master Planner's, mustered enough support for the miraclous save this morning, as we were setting up an Island reversal, combined with a "Hanging Man" candle from the day before, I mean, it was just a stinking miracle!!

The volume on the Q's came in 40% lower than the 50 day average, but not to worry, that just means there's a lot of people who didn't buy these pigs today that can buy them tomorrow, Wooooo Hoooooo! I know it's another stinking miracle but the SPY managed to close EXACTLY on the 50dma, $110.88, it shows a different close number on the chart but that's because of the final clearing after the close, both the Q's and SPY have clear air now back up to the old highs, I hope they do it quick, June is getting closer and closer.

Watch Ideas for 2/18/10

A bunch of the coal stocks put on key reversal days today, I have MEE on the chart, but ACI, BTU, PCX and YZC look some what similar, plus the coal ETF, KOL, looks like the chart.

PFCB had a horrible bearish engulfing bar today, and "could" see $38 pretty easily, at least you know where your stop is, you would stop out if you started losing money on the sucker.

CRR had a gap down, and has since moved back up in an obnoxious looking bear flag to just under a "Minnie" death cross of the 20 and 50ma's, it put on a bearish engulfing bar today and "could" see that last pivot area around $57. This is a wide mover and as such it needs a wide stop, over that 50ma which is about $3 higher, and as such, you "reduce" your position sizing on some like this, to fit the wider stop.

Being the unfrickingBelieveable sucker I Yam, and having listened to an extended interview with the CEO of AMAT, who is one of the few I LIKE, and them having reported earnings tonight and the stock is not moving much in the after hours, I INTEND to enter another fricking losing option position in them tomorrow, SIGH!!!!!!

2/17/10 EOD

CONGRATULATIONS TO LINSEY VONN FOR WINNING THE WOMEN'S DOWN HILL!

It's nice to see some one expected to win named LINSEY not gag in the Olympics, HAHAHAHAHAHA!!!

The NasDogs continue their drive for five, five days up in a row that is, as we continue on our merry little way towards that upper resistance line. The 60min McClellan has been diverging against price the last five days, but I've seen it do this before, it's some thing called a "DRAW DOWN", hahahaha, sigh, eventually the divergence win's, if you can last that long, it usually results in a quick sharp pull back. Nothing exciting will probably happen until we break that lower trend line, which comes in around the last resistance line, which of course will now be support should they decide to rest for a while.

One thing we have going for us is the Advancing issue's have also been going lower as price climbs higher, ordinarily this might be considered a negative, BUT, some of the MOMO big dog's were drag's today, like AAPL, BRCM, AMZN, BIDU, GOOG, and INTC, I'm sure Goldman has some "analyst" sitting around doing nothing, who will be more than glad to give them an upgrade, which might provide enough UUMPT to get us higher.

The dollar went UUP today, so naturally Oil, gas and Nat gas all went higher as well, the good old ALL THE SAME MARKETS BS, although gold did go lower, bonds got their asses kicked, in the form of the TLT at the top.

HPQ blew it away after the close.

The Most Important Chart I Watch

I consider the $NYAD the single most important chart to keep my one wandering eye on once in a while, people may lie, governments may lie, Wall Street may lie, but it's pretty hard to lie about what's going on in the A/D's.

During the last pull back we had last June-July the $NYAD chart at the bottom worked it's little "magic", the SPY made it's first lower high on July 1st, while the $NYAD was actually testing the prior highs, the SPY then made a lower low while the A/D's actully made a higher low, the A/D's then made a higher high just before mid July while the SPY didn't follow suit until late July.

The two of them actually got me pretty excited during the consolidation from October through December, as the A/D's tested the October highs and then started going lower in Mid November while the SPY made a new high in Mid November in the yellow circles, hahahaha, I was "hoping" we had the negative divergence we needed to tell me a "TOP" was in, good luck with that one, the SPY continued to wallow into late December before breaking out to new highs, while the A/D's had already made new highs in early December, in the green circles, giving an early warning of a break to the upside.

So what happened yesterday? Well, the SPY stopped at a lower high than the high it made in early February while the A/D's have made a higher high, meaning the short's could be in trouble here (not to worry, just temporarily, hahaha).

I included a longer term look at the A/D's in the top chart, to show the early warning signal the A/D's gave in late 07' when they made a HUGE divergence against the all time high we made in October of 07', this is the pattern I'll be looking for down the road to tell me the current rally could finally be in serious trouble. The next KEY moment is going to come when, or IF, the SPY takes out the January highs, if it does, and the A/D's fail to confirm with it's own higher high, then it "could" be a false break out.

One note is that down at the bottom of that chart I have a label called "False Bottom", when I looked back at the end of all the bear markets we've had in the last century, we "almost", "always", made higher lows in the A/D's while the market was making it's final bear market bottom, this was not the case last March, and I consider that to be a bull shit bottom. Of course, I won't know this until, or WHEN, we eventually head back down and take that phoney baloney bottom out some where in the future.

Futures are up about 1/2% as hope springs eternal with a better than expected housing start's report.

Good luck out there in La La Land today.

2/16/10 EOD

When ever I do one of my MANY dumb ass moves, it always make my heart feel a little better to know I am not alone in the world, hahahahahahaha, if you haven't seen the "dumb ass" move Lindsey made in Torino in 06', well, I have to admit I just about fell out of my chair,
Lindsey Jacobellis Women's Snowboard Finals Olympics . I guess she made it into the finals today, so she has a shot at redemption, some thing MOST of us don't get in life when we do things like that.

Wow, as shown in the $ADD chart in the middle this was one strong day (even though volume was diddly squat) and got stronger going into the close, although we had a little selling into the last few minutes, it truly has me inspired, although I can't for the life of me figure out why I was partialing into (more) short calls.

The 60min chart has nothing but clear air up to the next resistance area, the green line that is the double top from 1/27 at "about" $44.88. Da Boyz pulled their typical little cute move this morning, when they get to an area of obvious resistance, rather than try and power through it they just GAP us over it in the low volume after and pre markets, the stinking ROACHES!! It allllllllll most, didn't work, as the bear's tried selling us down to fill the gap right after the open, and Da Boyz were getting a little worried nobody was going to go along with them, BUT, one of their "magic" buddies showed up to save the day (and THEM, hahaha), so we now have an unfilled gap under us that's going to act as a magnet at some point down the road.

With the dollar collasping, and energy and material stocks and commodities going to Da moon, and the markets average gain about 1.5%, some body is going to have to explain to me the reasoning behind the big rally in bonds today as shown in the TLT chart at the top, am I to believe that "investors" were fleeing into "safe" asset's in the face of this rally??????

Seem's pretty strange to me, but hey, who am I to argue with them.

Some Longer Term Trading "SYSTEMS" for "INVESTORS"

Since I was mentioning "Trading" and "Systems" in the same breath yesterday, I thought I'd mention some decent longer term trading, or "Timing" systems, that come out of Break Point Trades, that are useful for longer term oriented "investors" or market timers.

Using an 8 MA cross over of a daily "cumulative" chart of the NYSE Summation index, $NYSI, has worked very well over the last few years, and although it had a couple of little whip saws, it kept you out of the bulk of the bear market dump, and caught almost the entire rally out of last March. Using it in conjunction with an Aroon Oscillator as mentioned below has added a little "confirmation" to it. Currently it's on a buy, HOWEVER, it's very close to a cross over, and even worse, is that it's putting on a very severe negative divergence on the MACD, which is the first divergence since the positive divergence it made at the March lows.

A cross over of the "ZERO" line in an AROON Oscillator with a setting of 26 has worked very well on a daily chart of the SPY over the last year, it had one whip saw in July but that was it. Currently it's on a sell signal, and not close to a buy, yet.

It works just as well, if not better, on a weekly chart of the SPY, it had a little whip saw back in late 07', but other than that it's been pretty spot on. Currently it's on a buy signal, and not even CLOSE to a sell signal, yet.

Using a "5" setting on the Slow STOCH of a weekly chart of the NYSE Summation Index has provided some decent signals, and "could" be used in conjunction with the Aroon. It does, however, provide more whip saws.

For the gold bug's who love the Miner's, using an 8 MA cross over of the bullish percent index of the miner's, $BPGDM, seem's to work pretty well. Currently it has just put on a new buy signal of GDX.

Strategies are Sooooo Stinking easy to develope

Since we had nothing else to do today, Sysin and I were working on a new strategy based on a super, and I mean SUPER SUPER SECRET indicator (if you ask him very politely in the comments section he may give it to you, hahahaha), it's a momentum indicator so the basic premise is that, based on it's parameters, you buy when the "indicator" passes up through the 10 line, and sell when it passes over the 90 line, and WAAAAAA LAAAAAAA, YOU GET THE MAGIC TRADING SYSTEM!!!!!!!!! Hahahahaha, ok, well, obviously, looking at the equity curve under the chart, IT DON'T WORK TO STINKING HOT!!! It's funny, because when you look at the signals on the chart it looks ok.

So, being the brillant fricking individual I Yam, I thought, well, I'll just REVERSE the signals, and instead of BUYING when the indicator crosses over the 10 line, I'll SELL SHORT, and then BUY TO COVER when it crosses over the 90 line, and WAAAAAAAAAA (fricking) LAAAAAAA, THE MAGIC TRADING SYSTEM, HAHAHAHAHAHAHAHAHA!! If it hadn't of been for that huge fricking draw down the last couple of trades the thing would have had a decent equity curve.

What's the lesson I took away from this????? MOMENTUM INDICATORS, INDICATOR'S IN GENERAL, AND TRADING SYSTEMS, ALL BASICALLY SUCK!!!!!!!!!

Weekly Swing Trade Ideas for Russell 1000 and ETF's

9:30am: This is a follow up to that chart below, the futures just closed at 9:30 MT, and we closed at, a drum roll please, tatatatatatatatatatatatatatata, EXACTLY the close from FRIDAY, hahahahahahaha!! This stuff just cracks me up (hey, wad else are you going to do on a holiday????), ANYWAY, they made a beauuuuuuuuuuutiful rectangular box out of the last three days, IE some times called a "range", and my gut feeling is that since we closed on the low, should we break below the low of that box going into the open tomorrow, there's a good chance that we will go, aaaaahhhhhhh, hold on a minute, I'm thinking about this, aaaaaaahhhhhhh, hhhhmmmmm, OH YEA, that's right, LOWER, hahahahaha!!!
If any one care's, Europe was just slightly higher while Asia was more or less down to flat, meaning it sound's to me like they "ranged" it as well.

This is an up to the minute 15min chart of the S&P futures, the ES, the yellow arrow points to the closing bar on Friday, which is ACTUALLY 15 minutes after the normal markets closed, I bring this up because numero uno, it cracks me up about how Da Boyz pumped the thing after the close on Friday, and numero Doce, the entire trading from when it opened up yesterday afternoon has been contained almost entirely within that last bar on Friday.
The main reason I bring it up though, is that I can't figure what in the HELL people are thinking!!!! I mean, with the exception of right after the open yesterday when a couple of 50 and 70 lot trades came through, the rest of the trades have been 1 to 10 lot's for the most part, IE, little suckers like me, I can't figure out what these people have going through their heads?? Is the urge to make some kind of trade so great they can't help themselves? Until Da Boyz come back tonight or tomorrow morning ANY THING you would take in this low volume environment is a STRAIGHT gamble, for which ever way Da Boyz decided they are going to take us when they all met at Old Man Goldman's place out in the Hampton's for their family outing this weekend, they will probably make their move in one gushing 15min bar when they come back, taking out which ever side they think they can hurt the most! Geeze, people are just nuts, wad ever, good luck to you.

On the daily scan of the ETF's the MSW is liking the large caps, with new buy signals on PBW and NYC, but all those index's look the same and if I'm going to take a position in them it would be in the Q's anyway, and like I said last week I wouldn't get to wild about them until we climb above the current resistant levels.

On the short side it hates a couple of the BRIC's, Russia and Brazil in the form of RSX and BZF, and it has some supporting confirmation as it just took a time stop on a short of EWZ, but I'm not real wild about either one as a trade as they are just wallowing around following our Index's, and they probably won't get a big move until they break out one way or the other.

On the weekly scan of the ETF's the MSW calmed down a little since last week, although in thinking about it there really aren't that many ETF's left that it can short, hahahahaha!! It's currently on over 200 short signals of some sort or another, I may run a quick scan of the Inverse ETF's just to make sure the software is being consistent by issuing a bunch of buy signals on those. I consider the two buy signals pretty worthless, as the chart of GULF looks EXACTLY like the chart of SAA in the short list, they've both broken their long term uptrend line and put a bounce bar on it last week, possibly ending up being a bear flag in the coming weeks. The signal on CEW may be doable, it has a tight stop under the low of last week, and the MSW has been trading it a lot and seems to do all right on the signals.

On the short side it continues to hate small caps with new short signals on SAA, RRY and PJM, it continues to hate China, with new signals on GXC and FXI, I put the daily chart of FXI on there as it has an Island reversal the last three days, and "could" go back and test that previous low around 36.80.

On the daily scan of the Russell 1000 the MSW came up with 12 new buys and 4 new shorts, not very many signals at all for 1000 stocks, meaning the MSW is not to wild about the current time period. The MSW did a good job on that short of FAST so maybe it will work on the new buy signal, it's sitting in a pocket between the break of the lower trend line and the upper trend line, IE it's in no man's land, BUT, it had a nice bullish engulfing bar on the previous day, and has a very tight inside bar with a doji, meaning, the sucker could make a decent move EITHER way, hahahaha! The good part is that your stop is very tight which ever way you would take it.

VFC had a big gap up, in the lower left corner, then put on a lousy bar yesterday, it "COULD", try and gap fill back down around $72. It likes one insurer, MET, and hates another one, AFL, I would think about shorting one and buying the other, the charts look basically the same, but to be honest I actually like a LONG on AFL a little better, it's wagging it's tail like crazy, as it's had five bottoming tails out of the last six days, as the shorts keep trying to take it down but the bull's are stepping up and buying it each time, if nothing else it could provide some excitement, hahaha!

I'm not bothering to show the weekly signals, they are basically the same as the Wednesday post, the MSW won't change signals until we complete the first bar of the new week.

Who are you??

Hahahaha, this was pretty interesting, it's an aptitude test based on your selection of colors, I found it while "researching" this article about CEO's and their favorite colors (a very, VERY, important consideration before you buy their stock, hahahaha!!), http://bit.ly/9WMoGH .

Now, I ran across this article as I was in the process of "researching" Captain Kirk's weekend links, of which there are about 212, The Kirkreport , which is one part of my usual weekend "research", which doesn't include the probably over 100 "sites" I go through in this "research", and since I'm such an information junky (mainly because I have NO LIFE!!), I also go through dozens of sites each day (maybe "dozens" of dozens), not to mention the "research" I do on new trading "systems" I come across, the "research" I do on my own trading systems as I'm always "researching" new ways to tweak them, and, well, blah blah blah, etc etc etc!

So what did the test come up with as my fitting aptitude?

"Best Occupational Category
You're a RESEARCHER"

Hahahahahahahahahaha, I think that's the funniest thing I've seen in some time!!!!

Here's it's KEYWORD description of my likes and dislikes:

"Independent, Self-Motivated, Reserved, Introspective, Analytical, and Curious

e investigative types gather information, analyze and interpret data, and inquire to uncover new facts. They have a strong scientific orientation, enjoy academic or research environments and prefer self-reliant jobs. Dislikes are group projects, selling, and repetitive activities."

Now, that is so scary accurate, well, it's SCARY, hahahahaha!!

Now it get's even worse when it talks about my "work places", I high lighted in bold some of the items that directly relate to me:

"RESEARCHER WORKPLACES
Task-oriented careers where you can become absorbed in the job, be original and creative, and not conform to rigid company rules will work best for you. Unstructured organizations, for example, that allow you to sail your own ship are vital.
Suggested Researcher workplaces are universities and colleges, home office positions, medical facilities, computer-related industries, scientific foundations and think tanks, research firms, and design laboratories."

I'm stopping there, it's getting to scary for me, if you are curious about yourself here is the link to the test, Take the free aptitude test , it only takes one minute, and may tell you some things about yourself that you didn't know.

PS: Ok, I'll put the second occupational category it picked for me up, it's funny because I think that my biggest weaknesses are in the first line, and are also the things I try to work on most of all, but it's pretty amazing about how spot on it was in the bottom paragraph:

2nd Best Occupational Category
You're an ORGANIZER
Keywords:

Self-Control, Practical, Self-Contained, Orderly, Systematic, Precise, and Accurate

These conservative appearing, plotting-types enjoy organizing data systems, accounting, detail, and accuracy. They often enjoy mathematics and data management activities such as accounting and investment management. Persistence and patience allows them to do detailed paperwork, operate office machines (IE, computers), write business reports (IE, trading plans), and make charts and graphs.