Close-Up Look at the S&P 500
Here is an updated version of the close-up look of the S&P 500 futures we so often take a look at. There is a clear trend of those downward sloping trendlines, which we then follow to break through to the upside of. We are currently above the latest one, the question is will we remain […]
Bucket 2: More Profit Taking
Just took another 1/3 profits in CROX. Only 1/3 of the original position remaining, which we will keep for now.
Profit Taking In Bucket 2
Just took 1/3 profits in the Bucket 2 long position in CROX. 9.50% rally on the day, gotta take some off here.
Three Charts For Today
Here are our three charts for today: GRMN, the stock is up more than 30% since October and relatively speaking has gone vertital since December. FSLR is slowly coming out of its downtrend dating back to Summer 2011 The chart of the BKX bank index….huge level near 42.50, which we are currently trading above a […]
Portfolio Holdings January 11
85% Cash Symbol Open D Direction Sectors Avg Entry Stop Target 1 FDX 12/16/2011 long Indu 85.1 80 90 SBUX puts 3-Jan long April 45 strike puts Cons Cyc 2.76 CROX 4-Jan long Cons Cyc 15.97 FXE 5-Jan long Currency 127.47 GMCR 6-Jan short Cons Staples 43.23 […]
Morning Thoughts January 11
5mo high – SPX held 1,290 – Great action on improved volume – beat 5day average by 7% (10day by 30%) SPX 1,300 now a short-term target (also a retracement level technically) Dow momentarily traded above 12,500 early in day, but failed to hold. Some profit-taking late day as VWAP was hard to hold on […]