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Failed Test! Plus, Divergence!
| The S&P got above the 1113.69 level and then closed below. Sweet! Furthermore, the volume was terrible. Double sweet! I took the opportunity to invest in the SPXU which is 3x leverage of the in...more |
12/1/09 - Tuesday
| No test! This is telling me that we will break the 1113.69 mark and go beyond it as the market seems to be building cause to go higher. Am I a bull? NO WAY! I am still a bear, but based on the ...more |
11/30/09 - Monday
| Flat day today! Volume was very weak. I suspect us to test the recent highs of 1113.69 on S&P. I am still waiting for that test to come in and fail with heavy volume (at least 5 or 6 billion) so...more |
11/27/09 - Friday
| Down, but unfortunately, not good. The S&P tested the recent lows and closed above, of course, on very weak volume. I was hoping we would test the highs and close below, but why would a bear get ...more |
11/25/09 - Wednesday
| As expected, the volume was worse today than previous days. The worst part is that we did not test the recent highs so we are still going to go higher. I am hoping that we test the rece...more |
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