Would this be similar to the Dogs of the Dow rotation theory? Would be interesting to see a comparison.

Cheers

Irrational market!

This market is completely irrational and dysfunctional. With the Dow opening well beyond -200 and the SPX -30, much in due to gross revision to the jobs numbers, to now see it in positive territory is mind boggling given the data. This in my opinion is a selling opportunity for longs and a shorting opportunity for the general markets, speaking from a broader viewpoint. not a quick time frame or day trade. I'm also considering PM's now.

Anyone and everyone, please chime in with general thoughts and opinions.

RE Lumber:

Also check out WFT.TO as well and NBD.TO, both looking for either a break or a ceiling

Steve,

What did you ever do with the DHI short trade from Oct 23. Did you stop out of this after the move above 23.30.

Thanks

FSLR daily

FSLR 1hr

will be interesting to see what tomorrow brings and if there will be follow through.

SPX 1hr

Well done breeze, 30% roi is pretty easy to take..wish they were all like that.

Moved my stop to b/e.

Too far too quick with hourly stoch's rolling over. Took a 25% position via Dec 113 Put. Underlying target 106.65

IWM daily

IWM 1hour

BX weekly

Exactly!!!

Every trader has to take responsibility for his/her own trades. If one puts 100% faith in a system by someone else, then you have to accept the mistakes with the victories without complaint.

Are we going to roll over??

SPX 1hr

Targets hit on AAL and UNH..sold!

AAL

UNH

Here are a few I am looking at this week off the weekly charts. These are unconventional from BPT style but this market is highly unconventional these past couple of weeks. Taking 25% positions, some option plays.

Anyway all are Long except TTPH which is a short play.

GLD weekly

AAL weekly

BX weekly

GDXJ weekly

USO weekly

UNH weekly

TTPH weekly short

BX Breaking down...took short

BX

Overall market direction? Who knows but here will be a couple of my setups for longs and shorts whichever she goes...Im in once the blue lines are broken and held on the close.

Longs:

AAPL

FB

Shorts:

BX

GT(already crossed)

MHR(already crossed but will wait for a retrace back towards blue line)

AAL(I have a call option in this already that is under water, if she breaks, I'll sell and reverse position)

These are just a couple of things I'm looking at...much more short setups than longs shaping up. Could be an interesting few weeks.

Been saving this chart for awhile. Interesting correlation with the $HUI:$GOLD price action along with the Williams55.

GLD Weekly

Trailing stop hit at 36.25..a profit but left a lot of meat on the bone.

Possible short setup on ISIS with lower lows, lower highs, 20/50ma cross..watching!

Stop would be around yesterdays high of 45.04+

Daily ISIS

Airline stocks are on the move today with DAL and LUV breaking recent highs.

Daily DAL

Daily LUV

Daily UAL

Daily AAL

Great move last couple days on ADEP... Great call on this yesterday Morton!

Daily