Thursday, May 21, 2009




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.