Saturday, February 21, 2009

February 21st - Stock Market Review

Current Portfolio - 99,672$

Open Positiom -

QQQQ - The qqqq is at the low trend line 28-28.5 of the range 31.7-28 . Long position can be taken above 29.2 , and short under 28.

SPY - Probably going to test the NOV 2008 lows at 74.

USO- Look like it starting to make a base , long above 24.5 .

SMH - The semiconductors , as the qqqq is at the low trend line of the range 19.2-16 .

GLD - The gold almost reach the 100 level .

EURO/DOLLAR - Going to test the 1.23 .

DIA - Close at 11 years lows , no sing for a change in the down trend.

XLF - Still down trend no sign for a change in the financials .