Monday, May 10, 2010

More up monday..

the Rut did almost a 50% retrace. high was 690, 50% = 692. The SnP did a nice 61.8% retrace. Could be all done here. 1160s is a big thick area of resistance. the dow stopped right at resistance of 10845 too.

Got a buy signal on SLV (silver long etf). the system hits 85% on these so I will take it, plus long term is ok, aimed up.

The Trins are pretty blown out at .57 and .50 (Q).

The only market shorts I have are SRS and DRV both real estate. Got into DRV today so got a great price. And 3 longs IMAX, JAS, and SKS. This is gonna be fun. :)

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