1-26-2012

 

Good Morning

January 26, 2012

Would you like to check out the live Trading Room?

Trading Room link  —-> http://hitandruncandlesticks.com/live-trading-room/log-in   Password 2222

 

 

 

SPY-

We are over bought!  Price action is pressed up against resistance!  20+ days on a T-Line Run!  Can Alice go to the moon?….. All of the above is 2nd to Candlestick Price Action and the Trend.

So Alice can.   Now that you can see that I am bullish I am always watching for a sell signal that cracks the T-Line and so should you.

 

DX- Dollar

The Dollar is trading in a short term down trend, note price action is below the T-Line

 

XLF-

XLF on the T-line train!  With the 200sma as support.

 

AVL

BZH

CADX

DNDN

GBG

JEF

MDR

REE

TTMI

USU

 

 

A few Inverse ETF’s we will be watching

TVIX

SPXU

FAZ

SMN

ERY

TZA

 

We will be watching the inverse ETF’s for a possible entry!

 

 

A profit trader is someone who plans, analyzes, and interprets and executes trades to ensure buying on support wholesale and selling into strength profits to achieve their daily, weekly, monthly and yearly financial and personal goals/objectives

 

If the market starts to show weakness the inverse ETF’s offer a terrific way to profit.

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication or chat session should be considered as financial or trading advice. All information is intended for educational purposes only.