The Russell 2000 (RUT) has blasted thru the 61.8% retracement and next fib level is 76.4% at 720. 10 more points. On the other hand there is a trendline around 713 and resistance at 712... so we shall see.
Also I see the SnP is approaching the H&S neckline at 1177.50.
Had buys on TPX, SNDK, GDX today. Also HD but didnt take it, system is only 63% winner on that stock and the average winnings per month arent enough to risk the money.
Wednesday, May 12, 2010
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