Dollar

Thinking about going long the dollar in IRA.



Stop would be recent low, 24.8, target would be a breakout above past high, about 29. However since this is a more 'boring' trade and my IRA account is only 10k, I might just wait for something more exciting. Currently, half my IRA is long FAZ, now thats exciting!

More Indicators

Found a site that has more indicators than StockCharts. Here it is, I will add a few more to my left side.

SPY Resistance

Hitting the 50 DMA, a trendline and previous low.

Getting Overbought

I am not sure this is a shortable market yet. These indicators can probably stay overbought till % of stocks above 50 DMA gets overbought as well.

Ideas

Weaker of the ags, can break either way.


Play it for a reject at the trend line or a break out.


Breakout soon.


Strongest financial.


Another storng ag, over extended for now.


Strongest tech, along with NFLX.


This stock can always get going really good.

Gross

I have never seen a chart so gross as this.

Financials, keep on going

This post is just to vent. FAS is trading north of 5.7, I sold mine for 3.7ish, thats 2 points I missed, or more than 50%!! Tried calling the bottom, did a very good job (a little early), but then I did not have the balls to ride them up. Guess it is hard to have confidence in this bear market. I should work on that!

Mixed Feelings

We aren't even close to being 'overbought' here due to the pain stocks have taken recently. It feels like everyone has turned bullish, I am not sure if this is a good or bad thing, but the market is moving up with force. I think a good medium term play (1-2 weeks) is to short DTO the ultra long oil fund. If oil moves up or even sideways then this thing will come back to earth. Its a shame I sold FAS so soon, but I did not think the bulls had it in them for all this action. Maybe XLF has really put in a bottom, close to my prediction.

Up Down Volume

Ratio was very high, however, I looked back at the 02 bottom and could not find values this high. Only in this market!



You can see another high ratio day. This was 9-18-07

Here is the ratio of up/down issues.

Out of FAS

Sold, all my FAS at 3.74. Probably should hold for a bit longer, but it feels nice to have big profits. My IRA needs them!

Selling some more

Sold all my UYG, now I only have my 2 FAS purchases for a very nice profit, will hold till end of day at least.

Financials Low

XLF hit a low of 5.88, this is a 84.6% drop from the high of 38.15. Is this the final low? XLF is currently approaching resistance.

Selling

I am selling half of my first batch of financials for a slight loss (UYG). My overall position is in the green, so I want to reduce size. Hopefully I will be able to sell the rest of UYG for a slight profit by end of day and I will have my FAS left at an average of 2.74

Oversold?

Some buy signals, wish there were more.

Investors are bearish
% above 50 DMA

XLF

XLF is now down 84.5% from its highs. This is the only thing that comforts me in my position. Still hoping for a bounce, my plan is to sell my first entry in UYG close to break even. Hopefully the market gives me this chance.

GLD

I don't trade it but it is fun to watch. It is bouncing from the $90 support, lets see if it can break $100 this time.

Baltic Dry Index

Possible breakout.

Financials

Bought some FAS at 2.98, will this be the end of me? One more purchase, FAS below 2.7.

Edit: Probably should've entered lower, my UYG to FAS convergence was off. FAS < 2.95 would have been the appropriate entry.

UYG

Since XLF has hit my target area, I am starting a position in UYG at 1.77.

I will add more < 1.6

Very speculative.

Bank Failuers

FDIC could be insolvent soon.

Chart

Rally?

Was that the rally? Pretty sad. Hopefully one more day of selling and we will setup to have a nice squeeze.

Indicators

Indicators show slight oversold. There might be a bounce, but don't put your hopes and dreams on it, better to anticipate a bounce lower.