Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,

Wednesday, February 15, 2012

Market update

The Dow Jones Industrial closed below an important trend line today, it needs a 0.14% - below today last price to give the first short signal since December 20, tomorrow at the close.

The Dax continues relentlessly up, a 1.07% drop is needed tomorrow for a short signal.

The Russell has been giving mixed signals for the last couple of days, today again it closed on short, a 1.25% + gain at tomorrow’s close will reverse the short.

Basic materials, the smallest weight group in the Dow is in daily short mode since February 10.

Financials hold about 10% weight in the Dow, it barely closed below the 271.11 support today. 1.33% or above up close tomorrow is a long signal again.

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From the Dominican Republic - Swing Trader Speculator - Civil Engineer/Project Manager - sternloinaz@gmail.com