Wednesday, March 7, 2012

Market Update and HGSI plan

 All the charts look similar, nice 1 min positive or leading positive like this DIA...

 And then 2 min relative negatives that I believe are holding the market somewhat lateral. The idea is the 1 min strength will bleed to the 2 min chart and move the averages higher.

 The same on the QQQ 1 min

 And QQQ 2 min


 SPY 1 min positive

 SPY 2 min  out of line and holding the market back a little here until the 1 min strength migrates to the 2 min chart.

Here's the HGSI 5 min, this is why I think there's more upside, but I had a decent profit in the model Portfolio and truth be known, I think the April Call was a month too far out for what I'm trying to do. I'll look at re-entering on a March Call.

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