Aug
11

Waiting On The Fed

Charts and Coffee on August 11th, 2009 at 7:03 pm Central Time

I’m still trading light. I’m currently 13% invested.

I added IBB long today. I currently have a negative delta, and I was looking to add some long exposure in case this is just a pullback. IBB offered a nice low risky entry today. The intersection of the horizontal green line and the trendline represent support.

I [...]

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Aug
9

Sunday Night Coffee – 8/9/2009

Charts and Coffee on August 9th, 2009 at 8:40 am Central Time

When I look at the 5-year SPY chart, I think it can only be viewed as bullish. But, I’m still in this same mode that I have been in the last few weeks. RSI has been over 70 since about July 20th and this momentum is simply not sustainable. I cannot get long until there [...]

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