Current Positions/ New Adds

I was basically flat today due to TSTR debacle. I Added STAR and C.

Current Positions:
AMX (Foreign Mobile phone Carrier - hold from breakout play)
Bought@ 27.04 08-21-09, Close 46.76

GLD (Weak dollar play - trend continue play)
Bought @ 93.55 08-24-09, Close 93.15

C (Financials - trend continue buy)
Bought @ 4.89 08-27-09, Close 5.06

INTC (Tech - new trend buy)
STAR (TECH Mobile Internet Tsunami Play - dip buy)
TSO (Refiners - new trend, bought on weakness)
WNR (Refiner - new trend bought on weakness)
MTH (Housing - breakout)

Intraday: Bought TSTR @ 1.42 stopped out @ 1.35

Changing things up

I will be buying the following on tomorrows open:

GLD, TSO, INTC

I currently own:

AMX @ 27 10%

DUG / TNA UPDATE

Did exactly what I predicted. You could have gone short today on the macd divergence & cross. If we get a gap down I would play these for a short term bounce in the market. I would by TNA if it gapped down. We'll probably bounce here and then head back down next week.

DUG

TNA:

Going Lower for a day or 2: Play with TZA

I have a short term Bear bias. I have a few long set ups but will mostly be looking to catch some moves to the short side. Hope for a flat to slightly higher open and will put on a short etf on any sign of weakness with stop above recent high.

TNA: looks like its ready to die.

DUG Update:

Here and a little lower looks like the sweetspot. If we go a little lower, buy this thing on any type of revesal and put your stop below 18.11.

SETUPS

I'm seeing a lot of nice continuation setups which makes me think there is another day or 2 of upside in this "window dressing climb the wall of worry rally". The energy sector short play still looks intact. Maybe we get upside tomorrow morning and then a reversal end of day.



Here are some setups I'm looking at:
a short

and a long

DUG

I bet DUG makes another move very soon.

SETUPS

Seems like we are going to head lower although there are some stocks that are bucking the trend.

a short

and some longs




short: