Tuesday, June 09, 2009





In a choppy market, I'll take the small gainers that show up. Maybe things will run into the close. I'll look to jump back in one way or the other

sell SKF










cover GG

















cover TNA



















cover X





Market bouncing around but looking weak so cover SKF and long again, sell TNA GG and short agaian and add X short

SKF










TNA












GG











X



I'll take those profits the market is showing me at the moment and go back to the original trends

Sell SKF and short













Cover TNA and long













Cover GG and long

Seperating the noise





Market conditions have made it difficult to trade lately. The key is to separate the real clues of market direction from the noise and trickery.
Today the markets have been strongish, but at this moment things look to have stalled.
I have chosen to buy SKF and short TNA, GG based on the gap up then red doji on the S&P chart
As always, I don't know what will happen but it seems like lately you really need to look for small clues or real market direction and try to see through the noise.

Top chart - S&P and QQQQ


SKF














TNA













GG