Tuesday, June 30, 2009

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.

Monday, June 29, 2009

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

Sunday, June 28, 2009

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: