Sunday, May 17, 2009

Summer is coming!! Get your SHORTS ready.



This week the permabears are having a good night sleep, mainly because the uptrend is finally broken. One reason the bear rally is most likely over because JOSH sold FAZ last week. (OK FINE! NOT FUNNY). Anyways, There are many signs that shows the rally is over (See Chart Addict's "Weekend Observations" post for index analysis). CA has been my TA trading coach since August. (Thanks brother !!)

First, the uptrends in all of diETFs have broken to the upside, some occurring on the highest volume ever.







Second, the volume on the SPY and DIA have been decreasing throughout the March rally. About 40% into the rally, the volume decreased even further.





Third, the XLF hit major resistance at $13. This level is important because it marked the Octover 2008 low, November top, and it is also the location of the 200-day MA.




To top it all off, the VIX is showing major support at the 30-35 level. This level marked the August 2008, January 2009, March 2009, and July 2009 tops (all on the VIX).



The market rallied 40% from the March bottom. Whether it is profit-taking or latecomers coming into the rally, the market looks susceptible to any gloomy news that may contribute to a 10-20% selloff from here. Let's see what the government will do to pump up the market this time.

Thursday, May 14, 2009

Level to watch 894

SPX Fibonacci Retracement



35% - 40% on each Bear rally!!

Short List

Short list http://is.gd/zNTl

AMCC,UNTD,SNCR,CGNX,SIGM,GLW,
MXIM,EXPE,EPIQ,PLT,ADSK,GRMN,
LLTC,JNPR,SBAC,FLIR,ANSS,IDCC
CVG,SNDK,SMSC,MKSI,IRF,CIEN,HELE,RDEA,EBAY

$Comp $Rut $Spx $Dji




Friday, May 1, 2009

Thursday, April 30, 2009

Wednesday, April 29, 2009

pos

VIX LOOK OUT

spx chart

GUESS WHO"S LONG??


Guess who's LONG??
LONG again
JOSH IS SHORT
(WAIT!) LONG AGAIN
Guess who's LONG, guess who's SHORT, guess who's LONG, guess who's SHORT
guess who's LONG, guess who's SHORT, guess who's LONG........................




http://www.ibankcoin.com/peanut_gallery/index.php/2009/04/28/fed-day/

hey fucktard what happen to "I am a swinger short term move do not bother me I am 100% SHORT??? "

Tuesday, April 28, 2009

Dude, where is my CAR???





I should have took profit right at the pop! Learn a lesson!

Wednesday, April 22, 2009

CAR

SNDK chart update!



SNDK looks like it brokeout of multi years down trend NEXT STOP 20??

Monday, April 20, 2009

Time to Short??? Not so fast!!

The Finz took the market to a bath today. Here are some charts worth take a look at. Both XLF and SPX held 830 level which is the 100 DAY MA. A really high chance that we will see a bounce tomorrow.








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