5 minutes to go until end of day, take profits, go relax.

SKF

GS

FAZ

Is reality starting to take root?

Banks are down , inverse ETFs up.Last week I said I could feel  things were different. For today they are anyway so the smart way to trade is to go with the flow.

 Love that daily FAZ chart.

SKF

GS

FAZ

A bit of FAZ upside potential IF it ever goes...

Time to cash out after some nice little pops/drops. 

FAS

SKF

SRS

More great market moves this time to the upside.

Markets

FAS

SRS

SKF

Ham fisted market manipulation attempts like this little pop are a great place to add to your positions. Low risk/ high probability. Keep in mind the original trend, but take profits as they present themsleves when the momentum slows.

ABX(gold) tells the true story at the moment.

Not much market volume on that fake out pop.

SKF

 I see more and more of charts like these happening lately. Great trading opportunities abound.  Make sure you're acting  on set ups like these and not just watching them go. It's becoming a close your eyes and throw a dart type of market. So many things are moving, it doesn't matter what you trade , only that you do. Group some stocks together like WFC, MS , JPM.  or the ETFs SKF FAZ, FAS, SRS. They are all moving and provide some good daily ranges.

Markets starting to pile drive lower...

SKF shoots higher...

WFC moves lower.

Are happy ETF days back?

A few months ago when ETFs like SKF or SRS would make $ 20, 30 or 40 dollar runs or FAZ making a 30% intraday run was like being in trading nirvana. I always try to keep focused on what a stock is doing at the moment and not dwell on could happen or profit targets. Why limit myself?. Instead I open myself to the reminder that these things move like nothing else. The old adage that it's never to high to buy or low to short sell is still true. You never know where they can end up.

 Today I feel some similiarities in the force behind the moves compared to a few months ago. Have the happy hunting times returned? Will events set the wheels in motion for a market crash or rocket lauch? Time will tell. Would I hold these overnight? Never in a million years.

Momo continued

When the momo slows , grab the cash. You can trade them the other way or wait and see if the trends continue later

SKF

FAZ

MS

Momentum signs

You can recognize momentum by looking for clear signals like the charts below are displaying at the moment. Enter the positions and ride the momo flow. 

SKF breaking highs.

FAZ breaks high.

MS breaks low

15 minutes to go until end of day so closing thing out and going mountain biking

FAZ

SKF

SRS

Finally getting some volume in the market after a lot of choppyness. Time to get back long SKF SRS FAZ

Markets moving away from the chop.

SKF

SRS

FAZ

The coal sector is in play today making new daily highs

ACI

BTU

PCX

If you were in the markets you probably saw the little fake out that was tried.  Quite a large red candles showed up as the afternoon session started.  If you keep calm and noticed that there was no volume along with it then you hung on to your longs and maybe even added some size.

Getting close to the afternoon session. Original day trends look to be continuing

CNQ

FAS

SKF

SRS

With things like SKF , SRS turning up, look for the markets to fall

SKF

SRS

CNQ

MS

Bank stocks making new highs at the moment.

JPM

MS

WFC

Markets are conitinuing their upward trends from early with new highs and lows being made.

CNQ

FAS

SRS