S&P 1150 was what I feared, a magnet, gut I have been watching carefully and developed some new indicators as well that are sating the same thing we've been seeing all along, this is a retracement and more, but doesn't seem to be the start of anything beyond that and as such I'm hesitant to throw out long trades on the list, especially because there are so few that are set-ups. Right now a rising tide is simply lifting all boats, there's no great accumulation or set up and the cats and dogs rally is even getting thin.
If you are holding a long from the cats and dogs long list (longs below $5 posted in the last 2 weeks) and it hasn't stopped out, continue to hold it and take any gift the market gives-they are usually 1-day 8-16% moves.
Although without confirmation I can't go crazy offering up short sales, but there are a few bucking the rising tide and I've listed a few the last week and more tonight.
Take a look, I feel they are in good position now.
As always, email me with any questions. Brandt@Trade-Guild.net
Latest Trades Link
The newest trades are at the bottom of the lost-FOLLOW YOUR STOPS AND RISK MANAGEMENT PLAN!!
Thursday, March 11, 2010
Second Verse Same as the First
Patience-I posted a few shorts yesterday, the longs that you may be holding are still ok to hold, but watch your stops.
We still need downside confirmation, but we are seeing a lot of negative things happen.
Follow Brandt on Twitter
I recommend following me as I post dozens of charts on Chart.ly during the day. If you don't have a twitter account it will take 2 mins. to setup. My name is BT24_7.
We still need downside confirmation, but we are seeing a lot of negative things happen.
Follow Brandt on Twitter
I recommend following me as I post dozens of charts on Chart.ly during the day. If you don't have a twitter account it will take 2 mins. to setup. My name is BT24_7.
