Have to take what you can get and not be caught holding the bag. Good time to finish up for the day.

FAZ + $ 1.40

SKF +$3.50

markets crashing again ETFs climbing. time to go long. 15 minutes till end of day.

SKF

FAZ

markets good for scalping now. quick in and out, long and short EEV SKF SRS

Always smart to grab a buck or two when you can. ANd trade them they other way. Too bad FAZ is not availble to short yet. EEV and SRS  are and move good though.

EEV

FAZ

SKF

markets making sharp moves. This one is down so SKF FAZ are heading up. Momo. Get in early. If it doesn;t go then the loss can be cut short.

S & P  and QQQQQ

SKF

FAZ

If targets of opportunity come up, jump on them. AFL sliding down during a market pop. Whats going to happen if the market dives again?

Volume on this uptrend is dropping the longer we get into it.  If the former high flyers  FAZ SKF are stalling their down trend then probability is good that they will reverse and resume going higher. Take that $SKF the market is offering.

S&P and QQQQ

SKF

FAZ

Just because things have been going great, don't think the trends will last forever. Take them short or wait to see if the momo starts up again after a pullback or pop. It's prudent to take big $ when it's offered.

BAC + $ .55 gain

FAZ + $ 8 gain

SKF +$ 14 gain

MA breaking down again after midday consolidation.

I remember a while ago that MA did the same thing and ended the day$7 lower. Lets see what happens

As the momo picks up , ETFs are exploding to the upside, other stocks piledriving down. Now  money managment is important. NOte how downtrend stalled for a bit and started to drop again with a vengance

S & P and QQQQ

SKF

FAZ

BAC

Another example of momo to the downside after MA makes new lows

Another arrow in your quiver can be to note stocks making new highs or lows, in this case AEM and RIMM. As the markets are showing the same pattern,  shorts have high probability to go lower.

AEM

RIMM

When you get into the flow like this, you can see how the trend keeping moving forward from the reversal I pointed out in my first post today. If you can stay in the trend , great, if you can take profits when the momo stalls and trade them the opposite way, even better. 

Has the tide turned in EEV? Big volume earlier led to an hour uptrend. Probability says try the same going down.

And when the markets look like this , you know what is happening to the ETF's

S&P and QQQQ

SKF up

EEV up

FAZ up

Other trading opportunities can be found be noting former strong movers. Last week ABX and AEM were in good uptrends last week. Now the downtrends are equally good.

ABX

AEM

Weak momo is back to the upside at the moment so prudent to take what the market offered up. I'll be ready to take another quick turn either up or down.

Sold SRS + $ .60 gain

Sold EEV + $ .50 gain

Sold FAZ + $1.55 gain

Cover BAC +$ .12 gain

Another example of a well telegraphed reversal signals. Time to sell the longs and cover the shorts and trade them the other way. Lets see how it develops...

S&P and QQQQ shows stalled and dropping

SRS turning up after consolidation

 EEV turning up after consolidation

FAZ turning up after consolidation

BAC stalled