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.