I like the way the right (wrong) was pointing to the stock futures being down because of the health care bill passing before the market opened ... but now that the nasdaq is up a whopping 25 points you don't hear anything. The health care stocks actually were up from the getgo.. gee I wonder why. :). could it be because the bill favors them tremendously. I wish they would all be put out of business and we would simply have universal healthcare... govt run. oh well...
This market is getting extremely stale. I am following 40 stocks with my totemp system. basically most of them are neutral waiting for the next push one way or the other. The ones that I am in now, are not looking great. they are mainly secondary moves that don't show as much promise as a fresh move.
I am long in georgebailey:
RAX
KONG (really bought the farm on this, s/h waited for a pullback, not the open)
ERX
CTEL
AHL
the only ETF is ERX 3x energy long. a little counterintuitive since I am getting other signals to sell oil and commodities. but I am ignoring all else and going with the system to see how it plays out. same with KONG. I am anxious to see how it handles this and how bad a hit it takes if it does bail.
Monday, March 22, 2010
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