Thursday, April 30, 2009

April 30th - Stock Market Review

The futures are 1.7% up , but in my opinion even if we penetrate the declining 200MA we should get a nice pull back.


Here is the same situation from 2002-2003



And today...


Wednesday, April 29, 2009

April 29th - Stock Market Review




The QQQQ are at a critical level , the 200MA is declining in a very rapid way. Even if we are goinmg to see another rally , it will probably fail.


BUT we do not have YET a short sign due to the fact the we have higher high and higher lows.


If in some way the QQQQ break the 33.4 level then we can consider the trend change.


April 29th - Update

After a few weeks vacation we will start to trade again
The portfolio will start again from 100,000$