Weekly Swing Trade Ideas for Russell 1000 and ETF's

On the daily scan of the ETF's the MSW is throwing it back in the face of the PIGS hater's, as it seems to think some one is lying about Spain going broke, with a new buy signal on ESP, along that same line it seem's to be on a buying spree of the emerging/frontier markets with new buy signals on Italy, EWI, Indonesia, IDX, SingSing, EWS, Taiwan, EWT, and the UK, EWU, geeze, it just loves all those broken down Frontier places, in fact it just says to buy the whole stinking world and Europe, DFE, IEV and FEU. It also seems to think the mega caps are going to break over the old highs, with new buy signals on OEF, UKF, IVV, JKD, ELV, oh hell, just buy any thing with mega in it's name. It must be reading the news, for with the return of M & A mania Monday's it's taking a shot at Private Equity, PSP.
On the short side it's being pretty consistent, for if it thinks the equity markets are going higher it wants to be short bonds, which is what it's saying to do with new short signals on TLO, SHY and TMF. It also thinks that with the rising equity markets inflation may begin to rear it's head, so it wants to buy TIP's, which makes sense to me because every time we start to get a decent rally going in stocks, those ROACHEY energy outfits start yelling Woooooo Hoooooo, stocks are going up so let's raise the shit out of their energy costs so we can squash the American consumer and keep the rally going....................eeeeerrrrrr, hold on, wait a minute, that can't be right, won't that cut down on the consumer's purchasing power??? Hmmmm, well, no, maybe not, since the government is taking over for our corporate lack of hiring, and puting every one in the country on it's payroll, and keeping millions of people on the unemployment roles in perpetuity, they may have just enough money left to buy our little shit widget!!
Speaking of little shit widget's (I was, wasn't I??), since the tube is dead this weekend I've been watching a whole bunch of those "How It's Made" shows on one of the little known networks, the Science channel I think, geeze, pretty disturbing if you ask me, they go inside some huge factory and show the complete production line for what ever it is they making, like for instance cylinder heads, and you never see an actual human being until like the complete end of the line, it's all robots, and there may be a person at the end of it looking at the heads to make sure there's no little peices of metal hanging off of it, or some thing like that. I mean, I understand how corporations have to compete, and cut down on costs, but I just wonder how long we can continue to eliminate human beings in the process, I suppose it will just continue on and on, until the whole country becomes a giant corporate welfare state, with the robots the only ones paying taxes.

On the weekly scan of the ETF's the MSW absolutely loves any thing with Russell 2000, Mid Cap or Small Cap in it, with new buy signals on RRY, RFV, UWM, VBR, IWN, IWC, blah blah blah blah. I guess the MSW doesn't bother to read the economic reports as it seems to like real estate, URE, and it's gotten semi excited about USD.

It has one, ONE, new short idea, and that's the Carbon ETF, SGG, I guess it doesn't care to much for Waxman either.

This is the list of new buy and short signals on the weekly scan of the Russell 1000, AXL is attacking it's old rally highs with a decent looking pattern (just like the index's) and "could" be good for more, I put the new buy on AAPL on the top right chart because, well, it's probably the single most loved stock in the markets, and I guess the MSW is no different.

WHI was weak all last week, and has a clear shot at seeing $12 if it loses it's low from last week. BBT is not exactly great looking for a short, but it put on a horrendous hanging man, after bouncing off that lower support line, it could be good to go if it loses fridays low.

I have AA on the daily scan of new buys on the Russell 1000 because, well, I have a "stop" position in it and I'm hoping I can sucker some one into taking it off my hands, it's been basing for a couple of months and is right on the verge of breaking out over the base, it could easily see $16 again if it can get it's ass in gear. SLB just barely broke a long term down trend line, and "could" be good for more.

On the short side SLAB has a series of three topping tail candles, meaning it has resistance at the top level (which is the stop), if it can get under the low of friday it "may" see $44. SFD has had a nice run but put on a bearish engulfing on fridays big up day, IE relative weakness, and if it loses fridays low it could go back to the $17.50 "area".

Weekly Sector and Russell 1000 Money Flows

I'm SURE the chart of the Bradley Turn Date we had on March 1 is UPSIDE down, http://bit.ly/9EuFdU , it was OBVIOUSLY a BOTTOM in the markets, and the HIGH will now come on 8/10/10 (geeze, my cheek is killing me, my tongue is rubbing so hard on it, hahahaha).




Wow, surprise surprise, TLT was the big money flow loser in the Sector list this week, I'm actually really thankful for that, for at least it shows that the market is acting half ass decent, as bonds SHOULD go down when the equity markets rise. "They" made up for it though by doing some thing a little, aaaaaahhhhhh, strange, as money flowed out of the dollar, BUT, it's sitting in there sandwiched in between two of the biggest commodity funds and transports, I would think that with money flowing out of the buck those other ones would be getting HUGE inflows, but HEY, who am I to THINK.

The chart is of the SPY, and every thing applies to it that I posted about the Q's yesterday, we have a big "TEST" coming up, that being the prior highs of the god all mighty March rally. That short little red line that's sitting there just underneath friday is the long term down trend line that goes back to the all time high's in the SPY in 07', just a note that we broke above that line, and in "theory", it opens the door for pretty much clear air back up to about the 120 "area".

The only good thing about the up coming "TEST" of course, is that it's usually pretty exciting, wooooooo hooooooo, could be lot's of action next week.

Is the leader in the Industry money flows this week, Security Software and Services, the bunch that make the software that allows me to buy puts to "SECURE" my retirement account??????????????????????????????

It's seem's a little strange to me that the chart of the WORST money flow leader in the industries, specialty retailers, looks like a pretty damn good chart!! It's allllllllllllll GOOD, buy ANY THING, YOU CAN'T MISS!!!!!!

Out of all the "winners" for the week in the Russell 1000 money flows, MORN looks about as good as any of them, they are number "two" on the list, they just moved above the 50dma, with big volume the last couple of weeks during the grind, and looks like it "could" see $50 again.

Let's see, all this greeeeeeaaaaat economic BS, and I see three major shippers, four stocks related to transportation, two water infrastructure stocks, a couple of gamers, three health care stocks directly related to one of the area's that the current administration says they are going to "FIX", a few of the consumer and business "discounters", hmmmmmm, and all of this on the list of WORST money flows in the Russell 1000 off this greaaaaatt news week, hmmmmm, wad ever, forget it, it's alllllll GOOD.

Are we headed for a double dip???? I SURE HOPE SO!!!!!

Elliott Gue at Personal Finance, WHOM I LIKE, sent me an advertisement trying to get me to sign up for his service, his sales pitch is that he's trying to convince me that we AREN'T going to have a double dip, BECAUSE, Uncle Ben, like his Ahole predecessor, is holding interest rates at slightly above ZERO, here's the bulk of his argument:

"Are We Headed for a Double-Dip?

There are still plenty of commentators out there predicting a double-dip recession. I’m not one of them.
Of course there’s a chance the recovery could stall and the economy re-enter recession. But you need to appreciate just how rare double-dip recessions have been in US history.
I’ll take a double-dip recession to mean an instance where the US economy exits recession and then re-enters within 12 calendar months. On that basis, I had a look at the official business cycle dates from the National Bureau of Economic Research (NBER) going back to 1854.
There are a total of 33 economic expansions over this time period, but only three of these expansions lasted 21 months or less. If we widen the definition to include expansions of 18 months or less, the number of double-dips climbs to just five.
The last double-dip recession by my definition occurred in the early 1980s. The economy expanded from March 1975 through January 1980, then entered a recession that lasted a total of six months. This recession was, incidentally, the shortest of any in US history as declared by the NBER.
The economy then expanded for a year, from July 1980 through July 1981, before re-entering recession. This time the recession was both far longer and far deeper; the economy contracted for 16 straight months, and some indicators showed contraction of a scale similar to the recent downturn.
Happily, that nasty retrenchment gave way to a series of much stronger cycles. The US economy enjoyed three of its longest expansions in history from November 1982 through November 2007.
But consider what happened in the early ’80s to precipitate the double-dip. In June of 1980, the federal funds rate hovered around 9 percent, but by December of that year, under the leadership of Federal Reserve Chairman Paul Volcker, fed funds were around 20 percent.
The Fed kept rates in the upper-teens to low 20s until the middle of 1981, and rates didn’t break below 10 until late August of 1982.
In other words, the Volcker Fed engineered the vicious double-dip recession of the early ’80s in an effort to break the back of inflation. The strategy was painful in the short term, but inflation steadily fell in ensuing years. And falling inflation paved the way for a new era of prosperity.
I don’t see monetary policy breaking the recovery this time around as it did in the early ’80s."

Now, I'm not trying to pick directly on Elliott, but it's just that this is the typical argument of ALL the proponents of the LOW INTEREST rate theory, that if that nasty FED actually has the audacity to force double digit interest rates on us, it will be CATASTROPHIC, DEVASATING, HORRENDOUS, use what ever term you want, FOR THE ECONOMY!!! THAT'S THE BIGGEST CROCK OF SHIT I'VE EVER HEARD!!!!

HAHAHAHAHAHAHA, all you have to DO, is look in the circle at the bottom, when Volker started raising interest rates, the two little red circles are when he started raising them to 20% and then when he finally got them back DOWN to 10%!!! I mean, does that period look like a NASTY RETRENCEMENT, VICIOUS DOUBLE-DIP RECESSION, PAINFUL, or BREAKING THE RECOVERY?????????!!!!!!!!!!!!!!!!!!

IN CONTRAST, IT'S NOT HARD TO SEE THAT YOU COULD APPLY EVERY ONE OF THOSE TERMS TO THE BOX AT THE TOP SINCE A-BEN AND GREEN-HOLE DECIDED TO "SAVE" US BY HOLDING RATES AT ZERO!!!!!!!!

What happened to lead into the greatest 20 year bull market in history, IMHO, was that the main engine of the economy, US, you and me, the dumb ass consumer, was given five years or more of close to 10% interest in our savings accounts, so we could actually SAVE money to be able to buy the shit out of all those things like cars, TV's, blender's, diamond rings, etc etc etc etc etc, RATHER THAN ACTUALLY COSTING US MONEY WHEN WE HAVE IT IN A SAVING'S ACCOUNT, LIKE THE POWERS THAT BE HAVE DECIDED IS THE BEST THING FOR US NOW!!!!! CAN YOU IMAGINE WHAT WOULD HAPPEN TO THIS COUNTRY IF THEY GAVE US FIVE YEARS OF 10% SAVINGS, WOOOOO WEEEEEEE, EVEN I WOULD GET BULLISH!!

Forget the bull shit that some thing like that would crush Corporate America, or the banks, they can go screw themselves, or even small business for that matter, IF THEY CAN'T MAKE IT WITH HIGH INTEREST RATES, THEN THEY SHOULDN'T BE IN FRICKING BUSINESS!! WE SOME HOW MANAGED TO SURVIVE IT QUITE WELL BEFORE!!!

Wad ever, I certainly don't want to say that high interest rates is the ONLY thing we need to get back to being a great country, far from it, it's just that I'm sick of hearing this BS that we NEED LOW INTEREST RATES to get the economy going, as HIGH RATES will kill us, that has been proven absolutely FALSE, geeze, I get the feeling that these people just "THINK" that high rates killed us, rather than actually "LOOK" at what happened. I "think" I'd love to see a double dip like we had in 82' rather than continue on the path we have taken.

For what it's worth here is an article that address's this EXACT problem we are facing right now with the unreal low interest rates, http://bit.ly/Jc0el , even I was kind of surprised to learn that as recently as three years ago money market funds were yielding 4%, geeze, I'd kill for that right now.
Ahhhhhhh, here's one of Robert McHugh's cheery updates, http://www.financialsense.com/Market/daily/tuesday.htm .

3/5/10 EOW

First off, I'll get all the "good" bull shit out of the way (YUCKO!), that would be the weekly chart, basically it's not over bought on either the STOCH or RSI5, YET, the Aroon continues on it's merry little buy, although it does look a little "rollie", IE kind of rolling to the down side. One thing on the weekly chart is our resistance area's for the future, first is the $48 area that I've talked about since last, ohhhh, probably last March, and then the next area is $50, if you don't know what I'm looking at obviously this must be your first trip through the blog, $48 is the first high pivot to the left of us from August-September of 08', and then $50 is the high pivot from May-June of 08'.

Ok, all the BS is DONE, now for the "better" stuff, that would be the daily chart, number one the RSI5 is as over bought as it's been since last September, number two is the STOCH, it's over bought, but EVEN WORSE is that it appears, and I emphasize "APPEARS", to be close to a down side cross over, AND, it "could" be setting up a LOWER HIGH than the previous high it made, even though price is within pennies of the all time March rally high. Don't get me wrong here, I mean I'm sure we could get the usual Monday Boyz inspired gap up in the premarkets, which could cause it to turn up, but that previous high is sitting at $45.64, which we DIDN'T reach today, and if they don't gap us over it on monday, then we "may" get a reaction back down off of it, it's just a possibility. USUALLY when we get through a huge resistance area like this we go RIGHT through it, IE we don't rally up TO IT, and stop, I don't like that, it leaves us open for a baaaaaaaaad (damn sheep!) reaction off of it, wad ever, we'll probably know pretty early on monday, hahahaha. Don't get me wrong, I'm not saying we are going to crash or any thing, it's just that a little pull back could set us up for another move up, at which time we go right through it like shit through a goose that just got done eating my left over breakfast. I'm not really bearish on a price basis per sec, I'm just super bearish on an over all funnymental basis, I think it's BULL SHIT!! Wad ever.

My 30min McClellan is supporting the lower high in the STOCH I talked about, we had the bulk of the move the first hour today, and then just put on that obnoxious looking bearish type flag thing the rest of the day, and the McClellan is in over bought territory and even worse appears to be trying to make a lower high than the previous high, just another "appears" thing, I won't know if it's going to happen until, well, it happens.

I don't know if I'll do a money flow update this week, it seems pretty worthless as every thing went up, accept bonds, wad ever, I'll see, have a nice weekend.

PS: On a PS'ey type thing, volatility has just dumped, especially today, in the form of the $VXN, it's a very good time to be an option BUYER, especially if you want to hedge your porfolio with some longer dated puts. My June 39 calls were getting way to far in the money so I took profits off of those and moved up to the 42's, keeping the 48 puts, I have some short 49 calls that I'm trying to work into a type of butterfly type of condor thing with some long 51 calls if we can get an additional push higher here, at which point I will probably move completely into a type of condor and sell the 42's if they get in the money, completely dump the puts and move into a June 47-49-51 butterfly type condor thing and forget about the stupid position and concentrate on the September position, which I filled today with the volatility dump. Wad ever, it keeps me occupied.

The Coming One Year Anniversary of the Great Bull (S--T!) Market

I was going to do this post on the ACTUAL one year anniversary of the GREAT BULL, March 9th, but screw it, one of the guys on FM let the cat out of the bag, so here's my two cents.

Number one, I have NO quantifiable research for what I'm going to say, so take it for what it is (more than likely just pure bull shit), but as amazing as it is to me, some people actually hold stocks for more than a year just to escape the short term Income gain, vs the long term capital gain for holding it for more than a year. Thus, the LOGICAL idea would be that once we get past the one year holding period, "people" may actually start to lighten up on some of the big gainers they have in their portfolio's, don't get me wrong, they probably won't dump them all at once, but probably a little bit at a time, especially if they are still going up. They "may" then, start to move that free money into some risker stocks for the next year, that didn't get the unreal gains over the past year, for as we all know, like in the DOW, you ALWAYS buy the worst performing stocks at the first of the year vs the prior BEST performing stocks over the prior year.

The top list is the best performing stocks in the Russell 1000 over the last year on the left side, and the worst performing stocks on the right side. Here's a couple of interesting little stats on those lists, the P/E for the BEST performing stocks was 22.51, the P/E for the WORST performing stocks was 18.37, 15 stocks on the BEST performing list had NO earnings, 8 stocks on the WORST performing list had no earnings. The Logical Conclusion: EARNINGS DON'T MEAN A DAMN THING IN DETERMINING A STOCKS PERFORMANCE, AND I WILL "NEVER" LOOK AT FUNNY MENTALS AGAIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

The list under that is for the NasDog 100 if any one is interested, I'm not going to bother to add the metrics up, do it yourself if you are interested.

I watched an interesting Bull/Bear debate on Pimm Foxx's show between two "Value" managers, the bull was John Buckingham of Al Frank and the bear was Barry James of James Investments. Of course, it's debatable about the merits of James being a "BEAR", as he "EXPECTS" a pull back, BUT, he WANTS a pull back so he can buy more cheap stocks.

ANYWAY, the bull was bullish because, WELL, STOCKS ARE GOING UP, hahahahahahaha!! That's an on going joke of mind, wad ever, he was actually bullish because of the negative consumer confidence numbers, that being they haven't been this negative since 1982, RIGHT BEFORE THE START OF THE GREATEST BULL MARKET IN HISTORY!!! That was it, that was his whole thesis, whereas the guy who was the bear actually had NUMBERS and REPORTS to back up his thesis, like the bull/bear ratio in the markets hasn't been as high as it is right now since the top in 07', the horrid housing numbers and the retrenching consumer, combined with the "NEGATIVE" wage growth the last ten years, are going to keep the consumer on the side lines for years, there's been a recent DOWN TICK in IT spending expectations by Corporate managers, which is really bad because of course it appears to me that most of the Street seems to think that Corporate spending is going to make up for the missing consumer, but, well, wad ever.

ANYWAY, back to the bull, he actually DID have another "thing" he was bullish on, and that was the record low interest rates that we have right now, as compared to the HIGH interest rates we had in 1982, AND THAT'S WHEN I LITTERALLY CAME STRAIGHT UP OFF THE COUCH YELLING AND SCREAMING AT THE STUPID SOB (I had been "retired" since 10am this morning, YUCKO, thanks to Deb for the nice get well cards in the comments)!!! I mean, I have CASUALLY mentioned this before, but think about how he DIRECTLY CONTRADICTED himself with that statement, he just said THAT WAS THE START OF THE GREATEST BULL MARKET IN HISTORY, and then he turns around and says that he's bullish because of the DUMB ASS low interest rates we have NOW!!Excuse me, EXCUSE ME, but those HIGH INTEREST rates back then enabled dumb ass consumers, LIKE ME, to be able to SAVE money, as interest rates actually got to 8% in stupid money market funds, and I used that money to SPEND IT, to help drive the great bull market, UNLIKE NOW, when that SAME dumb ass consumer is trying like hell to SAVE money that he can SPEND, but with bank and money market funds at NEGATIVE interest rates, THEY CAN'T DO IT, NO WAY IN HELL!!! Plus, PLUS, housing markets, even with the high interest rate loans, WERE ACTUALLY GOING HIGHER, enabling us to MOVE UP, and with the money we were saving we could make those things that we haven't heard of in YEARS, THAT BEING A DOWN PAYMENT!! And also, ALSO, as I remember it, WE WERE ACTUALLY MAKING "MORE" IN 1982, THAN WE HAD BEEN MAKING THE PRIOR TEN YEARS!!!

I mean, I could probably go on and on, and on and on, BUT, some how, I probably don't QUITE agree with his contention that we have the same, or as he put it, EVEN BETTER, conditions in place right now, than we had in 1982, FOR THE NEXT GREAT BULL MARKET!

Wad ever, I'm going back to bed and try and get ready for the payroll report in the morning, I thought about it all day and I'm probably going to make some major moves in my, hahahaha, PORTFOLIO, tomorrow.

Some Watch List Idea's for 3/5

All these stocks are off my 100% volume spike list today, MRVL is NOT a watch idea, it's just my idea of FUN, as it's getting it's asssssss kicked in the after hours tonight after reporting greeeaaaattt earnings. I bring it up because of the HUGE volume today off that little inside doji bar, either there was a whoooooole bunch of gamblers betting it was going to beat and blow up tonight, OR, there was a whooooooole bunch of big boys getting the HELL out of Dodge ahead of the earnings report, which they already knew about of course, it's some times called a snow job (I only bring that up because of course it's snowing like a bitch here, hahahaha, sigh, will it NEVER end).

FL has an interesting bar off that HUGE volume today, and with it closing in the lower part of the range, if I was an "investor", I might be a little worried about it, IE a blow off top.

M may have seen the end of it's run up as well.

I mention SLE because EVERY ONE loves Sara LEE, wooooo hoooo, AND, it had HUGE volume today and in response it put on a tight little doji that is also a key reversal day after taking out the prior days lows and closing right at yesterdays high, my feeling is that this is in response to the SECTOR moving off of DLM's earnings today, this is either a double top and I would be getting out, OR, it "could" be winding up for much higher prices, either over the high or under the low will be the direction.

LPNT had huge volume with a nice break over the high's of last week, and in looking over to the left it has clear air back up to the old highs around $34.

Mid Week Trade Ideas

Here's the complete list of the new buys and shorts from the MSW on the various ETF's for mid week.

Here's the complete list of new buys and short's that the MSW spit out for the Russell 1000 at midweek. As always, keep in mind these are just "IDEAS" spit out by a brainless software, or more to the point, these are prospecting ideas, and you should always do your due diligence before taking any trade based of this.

The crud I've had is mutating, I'm sweating and yet my fore head feels cool, this may be the virus that takes down man kind when the history books are written in the next millineum if we survive, to top that off I have a bone bruise on my right heel from trying to walk it off to much, I stubbed the two middle toes of my left foot on a clothes hamper and they hurt like hell, I'm raging at the market during the day and for some unreal reason it relates to the fact I can't concentrate very well, I'm not reading any thing, therefore I have nothing to say (some people would say that's VERY good, as their tired of my BS anyway), I'm short some calls against the previously stated June and September "positions", and I have NO short puts at this point, so that's how I'm leaning.

Watch Idea for 3/3/10

The "R's" seemed to work fairly decently today, on the 15min chart at the top we opened on the R1 level, we kind of retested the open 45 min. into the day then rallied into the noon eastern time, when we pulled back and tested the R1, again, then rallied right up into R2, stopped dead in our tracks, and basically pulled back for the last two hours of the day, I guess "investors" thought the Q's are fairly valued at R1 but they are a peice of junk at the R2 level, wad ever.

The pull back left a "shooting star" formation on the daily chart, the context of the formation actually comes from the bar we made yesterday, it's a bearish formation. We also set up an "inverted hammer", although I always call them hammers because you have to have the flat part on the bottom, the claws are at the top, anyway, I circled other hammer's on the chart, that showed up in the context of where we are in the move right now. We also "may" have found a little resistance from the bottom of that consolidation we had in January. If you were a wild ass march hare you could try and short this thing tomorrow if we get under today's lows, although I'll believe it when I see it. I mean, the RSI5 is certainly over bought, and my 30min McClellan is about to trigger a short, and the STOCH may be setting up a lower high, I'm not saying it's a short, just that some "parameters" may be setting up.

Mikey is CERTAINLY not helping the situation for the Q's, MSFT, definitely a weak sister in the group. I mean, it failed to get back over the late January highs that the Q's busted up through, it has a bearish engulfing on it today, and 27.50 looks like it's in the bag, that's just my opinion of course. Under that 27.50 and it "could" be after the gap fill from October around 26.50. I put the two shoulders on there as kind of a wishful thing head and shoulders look to it.

The are working on my stinking Internet substation down the street from me, ROACH's, and I keep going on and off, on and off, very frustrating and kind of stiffles my interest during the day as I DON'T particular like being in positions I may not have any control over, I guess I could use some of those weird things I've heard about called STOP'S!

It amazes me, I kind of leafted through Crudlow and he was talking with a couple of fomer big shot wad evers, former FED govenors I think, and he was arguing about eliminating the CORE inflation rate because of the obvious fact that it is so far removed from reality with the elimination of those completely unnecesarry items like food and gas, and the part that totally amazed me was that not once, NOT ONCE, did one of them mention the actual reason for the use of the CORE rate as the standard, and that's because it's linked to the cost of living raise every year for Social Security and Federal Employee's, I mean, my goodness, if they started using a REAL indicator they'd have to be giving us 10% raises every year!

I saw a whole bunch of those comments by Achuthan saying the "recovery" was going to be "V" shaped with no slow down, http://pragcap.com/ecri-economy-to-slow-by-mid-year , so I have to agree with the person who made the comment showing the number of times he said that, and now of course he's saying there's no way we don't slow down by mid year, wad ever, my question is, since the market is a "discounting" mechanism six to nine months out, why is the market going up????? (Of course, I ALWAYS wonder why the market EVER goes up, hahaha).

A/D's

Both the NasDog 100 and the Russell 1000 A/D lines climbed above their January highs today, IE, a leading divergence, I'm not sure, but I think that this is, aaaaaaaahhhhhhhh, GOOD!!!! (For the bulls of course, not us NORMAL people, hahahaha).

Weekly Swing Trade Ideas for Russell 1000 and ETF's

My Inet keeps going on and off, so no commentary, this is the weekly signals on the ETF's, go throught the lists and see if you like any thing.

Here's the daily signals on the ETF's.

Here's the daily signals for the Russell 1000, with the complete list of new buys and shorts under it.

Here's the weekly signals on the Russell 1000, with the complete list under it.

3/1/10

8:45am MT: I have erased every other senario I had on the Q's daily chart at the top, they have been eliminated by the powers that be, wad ever, that senario this morning got in serious trouble when "some one" began moving the big Dog's higher just minutes before the open, AAPL and GOOG in particular. The ISM came in 3% less than expected, 56.5 vs 58 expected, so that completed the "worse than" economic results for the day, hahaha, of course what is does is give the Street's top salesmen their Ammo for the day, when they start marching them out on all the yakking head shows, as they whispher into the camera, "the market is climbing the wall of worry", hahahaha, like, yea, there's a hell of a lot of worry with a P/C of .75, wad ever, it don't matter.

We've now made the break up into the VOID, or Clear Air, or Air Pocket we have left over from the dump we took in late January, in the two upper circles on the charts, IE we have NO resistance back up to the old rally highs. Of course, the market has to prove it can get back there, but I have no doubt Da Boyz can grind us higher on declining volume and declining interest, wad ever. The Q's have made a clean break of it, but the SPY is a little fly in the oinment for the moment, as they made the break over that previous high of 111.58 but failed to hold it, but I have no doubt the "magic" will manage to close it over it by the end of the day.

I had some short puts that were just becoming worthless, as the Delta was under 10%, so I unloaded them, my next major area of interest is going to be the test of the old highs, NATURALLY, there's probably a remote chance that we don't go STRAIGHT up to those old highs (hahahahaha, I'm just funning there), so I'll just continue dinging around intraday. I need a BIG move in the next four months to get my June position in the GREEN, at least 10% hopefully, and with the VXN.X moving under 20 today I've been moving into a September position, basically with a one point difference from the June position, it's a 40-50 shot, long 40 calls and long 50 puts. I'm hoping that September is enough time to get a decent move, hahahaha, sigh!

Good luck out there.

I have my "preferred" senario on that chart of the Q's, which of course means it ain't gonna happen, but I can dream, the big gap on wednesday with the dump on thursday really screwed the chart up, BUT, I can make a case for a "type" of cup and handle formation, right now in the premarket we are wallowing at that upper yellow line again at 44.88 which is a high that goes back to January 26, if we can pull back I'd like to see us stop at around the 44.60 level which is the low in that circle on the left, this would set up the "handle", then on the move up I'd want to see us slice right through that 44.88 level, any hesitation there and we might fail to get through it again. Of course, we could just blast higher right out of the open, which I guess would be all right, the next major resistance is obviously the whole number at $45, which is also that next high from 2/19.
I thought I heard this last night, but some how it had disappeared by this morning, but I found it, China Industry Growth Slows, Curbing Overheating Risk (Update1) , I bring this up because the Chinese markets were actually UP, but in the premarket the 3X bear China fund is UP, CZI, up about 4%, hhhmmmmmmm.

Geeze, what a bummer, I was expecting to see some guy with a head about two foot wide, Massive pharaoh head found .

We get the ISM number at 10am ET, a major market mover. In other news personal income came in 75% lower than expected, .1% vs .4% expected, while personal spending came in 20% HIGHER than expected, .5% vs .4% expected, which of course is why we are up in the premarkets, Wall Street just fricking LOVES it when the average American is spending more than they make, hahahaha, PLUS, they REALLY love the lower income, as that means their precious corporations are taking it to their wages, which of course add's to their bottom lines.