Monday, February 14, 2011

More of the same....

Looks like we broke... gold into a wedge within a wedge etc etc... this is why you have tight stops. I have 1330 as possible res in the ES.

Wednesday, February 9, 2011

Our Leader

The Russel has shown the least amount of upward momentum. This chart highlights a lack of interest to go higher; 3 days of failed breakouts and retracements... tells me something is going to give.

Thursday, February 3, 2011


Well, it looks like gold broke. I'm not sure if this is technical or a response to the ridiculous activity in the commodity sector. Either way, I don't think this ends well. Small caps have led us higher and the momentum seems to be coming out... note the RSI divergence in the TWM.
Needless to say, I'm keeping these positions on an extremely short leash.