- Covered a really small amount of my XRT short at $26.2
- Added RF as a junk long at $5.19.
- Added a very tiny short position in BIG at $24.45. Stop at $26.3.
I have flipped through a few hundred charts and I see more patterns and technical setups than I have seen in a real long time. Some weeks, one Sunday does not look much different than the last. There was a lot of movement in the market last week and the technical setup has changed quite [...]
After a week of light posting last week, I should be back in full swing this week.
THE BIG PICTURE AND THE GOVERNMENT’S AD CAMPAIGN
Last week, was the biggest rally of the year thus far. In terms of news, the big move seemed to be caused by a discussion of a change to the mark-to-market accounting [...]
Today was pretty uneventful but also interesting. I only had two trades the entire day. I scaled back SWHC to its original position size and I add a 2% long position size in BIG with a stop at $16.38. It was mostly a day of watching and also a profitable one. This was extra cool [...]
On tap tonight I will be discussing what I deem to be key indexes, a look at the bond funds, currency funds and some specific stocks.
$SPX
I will start by looking at $SPX which I examined yesterday in some detail.
Here is a summary of my posts from yesterday:
- The peak at 930 to trough at 800 [...]
