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Saturday, March 27, 2010

trade ideas

TLT Daily short maybe not yet but getting close I plan on adding TBT when TLT goes through the green line.

Friday, March 26, 2010

More selling to come?

The Trend remains up but it looks like we have a short term top and the market needs a little more pullback before another move higher. Downside target looks to be that green trendline and support around 1150. Wouldn't be surprised to see a break of the green channel and suck in some bears and then another relentless push higher. The Elliot Wave gurus say SPX 1230 for this final wave. The dollar is strong and some commodities look to be topping out. It will be intresting to see if the market can continue the correlation with the dollar.