markets are showing strength, momo is in SKF short at the moment.

Sold SKF + $2.25 as it stalled around the previous daily high and gone short again.

Momentum signals

Took the $2 short profit in SKF and went long again.















S&P and QQQQ show market pop is slowing. Time to cover SKF short and go back to the original trend.

Momentum signals

The following four posts detail a momo signal trade for me. Start at the 4th post and work your way back to this post to see the real time progression.

Take the $3.50 run in SKF and trade it short now.












S&P and QQQQ show the market weakness momo is slowing.This is my indication to play the probability of shorting SKF.

Momentum signals

GS is falling at the same time.

Momentum signals

QQQQ and S&P show weakness is continuing

Momentum signals

Here's the set up. Market is weak today and selling off. SKF is in an uptrend. Red line marks entry in SKF after a pullback.