Market pulling back nicely on volume but not price - DRYS, UWM, ANO

Posted on March 30th, 2009 in Long Trade | No Comments »

The broad indexes fell on price but the volume was light which is what I am looking for. We want this to pullback and buy on a retracement.

I am still holding on to DRYS which went down on lighter volume. It’s in my buy zone and should head up to test $7.

drys1

I entered into UWM (Ultralong Russell 2000) which rejected the price and volume 3 days ago. My stop is under today’s low. Target is $17-18 range.

uwm

Entered into ANO also at $0.64, really nice up volume 2 and 7 days ago. I noticed the volume was really low as the price retraced - time to buy!!! Target is $1.10. Placing stop below $0.50.

ano

Sphere: Related Content

Share/Save/Bookmark

Gold is Pulling Back. IYR and UWM Up

Posted on February 27th, 2009 in Stock Market | 1 Comment »

Gold has has been strong the last few months and it’s time to pullback to the $850 price. I sold almost all my gold stocks and will wait for this to pull back.

Commercial real estate IYR looks good to buy. I bought the URE which is the 2x long for a trade.

ure

Russell small caps are read, I bought the UWM, wants to trade into $20 range.

uwm

Sphere: Related Content

Share/Save/Bookmark

Wide pull backs but little down volume

Posted on November 7th, 2008 in Long Trade, Stock Market | No Comments »

The market lost 10% in only 2 days!!! But wait there is more…the downside volume to light.

Check out the chart of the SPY. I circled the positive high volume days. As you can see today was just people taking profits from last weeks run up. The selling volume is much lighter and the price touched $90 today which is support. I bought SDS 2 days ago at the turn sold them today at $88…a bit too early for an +10% profit.

The SPY, DIA, IWM and QQQQ all reached the high volume high support today so I bought SSO, QLD, UWM, and DDM and TGB. Let see if I’m right and get a turn back up.

Sphere: Related Content

Share/Save/Bookmark

This week were going up!! Long SSO, UYG, DGP, DIG, QLD, UYM

Posted on October 19th, 2008 in Stock Market | 1 Comment »

I suspect that this week will be an up week. We have hit temporary lows with massive short covering and margin calls galore. We are extremely oversold here and time for a bounce up.

Look at the SPY below which is a 1 year weekly chart. Last week we went to test the low but did no break it on lighter volume. We closed above the open of the week which is bullish. I think were going to up to $105 on the SPY. I am long the SSO currently

Below is a 1 year weekly chart of the GLD (gold ETF that is 10% of the spot price of gold). Last week went went lower to test 9/15 lows, went down on lighter volume (which mean less sellers) and closed above the open. This is bullish which is why I am bullish on gold and buying more of the DGP (Ultralong gold ETF)

I am also long on UWM, DDM, SSO, MOS, DGP, QLD, UYG, UYM and now DIG (I think oil is heading up again).

Sphere: Related Content

Share/Save/Bookmark

Market turned again. These are volitile days.

Posted on October 17th, 2008 in Stock Market | No Comments »

I closed my shorts except the GS with my stop at 115 and entered into SSO this afternoon when I placed a limit order that paid off well. The SPY (ETF for S&P 500) went lower today into the bar of Oct 10 the big sell off day and closed above that and yesterdays close on higher volume. This is very bullish for the short term. I still think the trend is down but I’m playing the big bounces and falls.

I entered limit order for UWM, QLD, UYG, RRI (trying this again) and UYM.

Sphere: Related Content

Share/Save/Bookmark