Tuesday, July 13, 2010
Powerful markets...
The markets gapped up this morning and are looking more powerful than ever. Although I still believe that this is merely a bear market rally I know that the markets can rally for longer and further than I can ever anticipate. Therefore, if by day's end I do not see a reversal and sharp sell off in the markets and individual stocks including the ones I am holding then I will exit all my positions for small manageable losses!
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Although we are at a very tough juncture in the stock markets all evidence points to continued downside! Look at the daily chart of the SPY... -
I stumbled up on the chart of DLLR while surfing the net tonight and decided to add it to my focus list for tommorrow. DLLR did pass through... -
Generally speaking I like to trade pull backs in momentum stocks. Even when I am looking for position trades; I prefer to enter off a pull b...
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