Rick’s Outlook 1-27-2012

 

Good Morning

January 27, 2012

We have opened the Trading Room to the public for the next few days, please use password 2222

http://hitandruncandlesticks.com/live-trading-room/log-in

SPY-

Yesterday the SPY formed a Bearish Dark Cloud Cover but as we all know it requires confirmation and it may just be a dip with in the trend. The answer should be in the close today.

 

QQQ’s and IWM also formed weak candles, I keep saying watch how price acts when it is near the T-Line…..This should be a clue.

 

DX- Dollar

The Dollar is still on it’s bearish run as of yesterdays close, still trading below the Tine and no reversal signal.

 

XLF-

XLF is still on a bullish T-Line Run, but we must take notice that yesterday formed a Bearish Engulf

 

CSIQ

ENER

GBG

GTE

JAG

JASO

KKD

MIPS

PRMW

ROVI

SGMO

SPXU

SUNH

TVIX

TZA

USU

ZGNX

ZIOP

 

 

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.