Watchlist 1/29/2009

   Well its been nasty the last few days.  We have broken all support levels except one the $spy 108.  Everything else is breached.  If you look at the selling the last month. What do you see. On up days the volume is very small indicating only the retail traders were trading on those days.  …

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My favorite indicator…. is Oil.

I follow oil religiously.  I get concerned when I see oil continue to go down, especially since it’s not a naturally recurring resource 🙂    People keep asking if I’m still bullish, or if I’m always bullish.  The answer to the first question, am I still bullish, is yes.  ..am I always bullish?  No.   I have …

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1/25/Watchlist Monday

  Friday’s major breakdown changes the nature of the trend, as the 50 day moving average, which has acted as a strong trendline, was broken.  Not only did it break, but it broke hard on strong volume.  Look to short on a pullback to resistance   I wont short at this area as many plays …

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