top o' mountain

"we have moved way up since mid march, congratulations people!!!

moving forward at this relative level markets slow down. markets pullback, markets move sideways.
so, be careful!!

even though it is tired, market is slightly trending higher. i've personally been daytrading, i'm handling two 1% "trading" positions at a time. i'm looking for 6% plus( when i'm lucky) then i'm out no matter what i "think" may happen the rest of the day or the next day as my stocks have sometimes continued to trade higher. i've left some money on the table, but 6% or close ain't bad for a couple of grey hair hours.


premarket and early market 06/15/2009 i will be looking at :

etfc:



arst



mr



vmc



nsc





i'm lokking at maybe taking very small positions in etfc and vmc. i gave you charts with all of the technical features. do your own fundamental research. post any new inf here.


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this would be my next and last trade. i will hold cash USA dollars until i see a good total market move, up or down!





 

Posted via email from fortypercent's posterous

buy, sell or hold?

 

both the wilshire5000 and the s&p 500 ended the week pointing up on their daily charts and their intraday charts. both indices closed above their 200 day exponential moving average.

 

 

 

 

 

the market is oing up, but man has it become tired. i'd bet that we won't see a significant pullback here, probably later, who knows when. just not yet

me, i'm not going long. whe i stop out, i'm done until a pullback. nothing wrong because cash is King!!

that's fun trading

Posted via email from fortypercent's posterous