Rick’s View
Good Morning
February 3, 2012
SPY-
Another great trading day for H & R members Swing-and- Day Traders.
We are still Bulls with price action holding over the T-Line…. But we do remain cautious while we trade below the high of 133.40 last Thursdays Dark Cloud Cover.
IWM
Remains strong trending above the T-Line, yesterdays close painted a Doji and has pulled away from the T-Line. We may be due a dip.
DX- Dollar
The Dollar remains in a down trend with price action below the T-Line
XLF-
Remains strong trending above the T-Line, yesterdays close painted a Doji
APKT
AVII
CALX
CENX
CISG
DDR
DMND
DVR
EJ
HCA
HSP
PEI
QTWW
SQNS
VTG
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.
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.
