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!