Wednesday, September 30, 2009

OIL Futures

Wow, do I love charts!!!! Compare the two charts and you tell me if technical analysis works or not... Bottom chart I posted a few days ago... Top chart from today @11:35am... AMAZING!!!!

If oil closes below68.34 I will enter a short position... Oil may retrace to the bottom of the channel, if so I will short oil...

IWM

Short the IWM @ 60.62 first target 59.30 then I will reevaluate the pattren...

Tuesday, September 29, 2009

30 year Treasury Bond Futures

I am long the bond futures @ 121.09 with a target of $122... What was resistance is now support and it held...

SOY - LONG

Went long at the open @ 924.25 with a target of 934...When soy shot up to 928.75 I moved my stop to 926.25 to lock in 2 points per contract...

Monday, September 28, 2009

TLT - Bonds ETF

I posted this a few days ago before the price broke resistance... You can see that resistance has been broken, so if support can hold here, I will enter a long position... Bonds look bullish with caution for the short term... Watching closely!

Sunday, September 27, 2009

DEAD END KIDS

See article in Market Updates...I watched these thugs every Saturday morning with a black and white TV... They were HYSTERICAL...

SPY HIGH???

The SPY after hitting a double top has made a very healthy pullback to previous support…Next week could prove to be very important should this price action hold and then continue to move up for another test of the previous high…Should support not hold price could test the trend line...