The market look like there is no hope...
Bought some more UYG 3000 average 2.89
Wednesday, February 18, 2009
February 18th - Update QQQQ
The QQQQ test the low from yesterday and now is at the top range 29.6 testing and breaking this level again and we can get a nice rally to the diclining MA 200.
February 18th - Update QQQQ
The market is in oversold condition a rally is on the way, how strong i don't know . I will use any rally to sell my losing position.
February 18th - Update XLF
The financials are almost 80% down from the beginning of the bear market. Is the end of the word coming ? In my opinion no , we will still need banks and insurance companies. I will look for any change in the down trend as a buy opportunity.
February 18th - Stock Market Review
Current Portfolio - 109,668$ but we have a big losing position.
Open position - QLD 4800 at 26.80
UYG 7000 at 3.09
QQQQ - Opened with a gap of almost 3% down . is at the support level 29 , Is it going to hold ? probably not.
GLD - The gold is going probably to 100 and more.
DIA - Is the weakest probably going to test the 74
XLF - Already 36% down this yeart and almost 80% down from the beginning of the bear market .The XLF is at the support level 8 dollar and the big quastion if it's going to hold, probably not , the market is too weak.
SPY - Clearly in a down trend , no sign for a change.
USO - WOW... what a drop 8% , no sign for a change in the oil.
EURO/US DOLLAR - Break the 1.275 a probably going much lower , at least to test the 1.23 .
Open position - QLD 4800 at 26.80
UYG 7000 at 3.09
QQQQ - Opened with a gap of almost 3% down . is at the support level 29 , Is it going to hold ? probably not.
GLD - The gold is going probably to 100 and more.
DIA - Is the weakest probably going to test the 74
XLF - Already 36% down this yeart and almost 80% down from the beginning of the bear market .The XLF is at the support level 8 dollar and the big quastion if it's going to hold, probably not , the market is too weak.
SPY - Clearly in a down trend , no sign for a change.
USO - WOW... what a drop 8% , no sign for a change in the oil.
EURO/US DOLLAR - Break the 1.275 a probably going much lower , at least to test the 1.23 .
Subscribe to:
Posts (Atom)
Posts
