Wednesday, May 12, 2010

Lots of buy signals

My IFT scanner is giving a mkt buy. so did the VIX yesterday. However its sitting right below the 50 day ema around 1173. Also the 52wk hi and los broke to the negative side last week and the LRCs are aiming down, if they break thru zero it could be a game change.

I have buys on:

HMIN
MJN
VIT
INCY

all the inverse ETFs have turned quite negative... unfortunately.

I still have SRS in the portfolio, heavily underwater, but now it has a COD stop (change of direction) could be stopped out tomorrow unless the market tanks from the getgo.

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