Rick’s View 2-2-2012

 

Good Morning

February 2, 2012

 

SPY-

Yesterday was a great trading day…hope everyone made what they wanted.  Yesterday’s price action good but not good enough to overcome the Dark Cloud Cover of last Thursday. To keep the bulls running we need to see strength over yesterday’s high and at the very least hold above the T-Line.

 

IWM

IWM strong follow the trend

 

DX- Dollar

The Dollar is still trying to find a bottom while trading below the T-Line

Pre – Market… has a boat anchor in it’s pocket,  now below yesterdays low, maybe we get a test of the 78.40 area.

 

XLF-

Strong day yesterday stay bullish above the T-line

 

 

ATML

CBD

CROX

EJ

GGB

IRE

JDSU

LTXC

MGM

OCLR

RCL

ROVI

SOXL

TIBX

VRA

 

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.