MACD/Trendline Swing Trader

Hmmm.. That is scary...

Long AGU 86
Sold PDO 14.3
Had sell of ENER at 79.5.. missed by pennies

 

1280 S&P there shouldn't be much left Short BAC 21.2..

 

Looks like summer theme trading.. oscillating.. every position against me.. Will wait 45 minutes before making any decisions..

 

Added to UYG short 20 even.. 20.15 and I'm out
Sold ENER 77.3

 

Great.. sell you winners, add to your losers.

Uso threatening 96, S&P threatening 1290, who blinks first?

 

Covered UYG, BAC, WB, CAL.

 

The refusal to cover at S&P 1265 area (Financial stocks all ha similar support areas - clear on Hourlies) where a neat rounding bottom was built confirms what I have always said.. the best technical trader has zero access to news and opinions..

Listen to enough bad news and you'll sit through supports while short and vice-versa for good news.

 

So a Lehman rumor separated me from my shorts... grrrr...

 

Stopped out of AGU, SRS.
Short RYL 21

Still Long CF, CRK (that's a surprise), PCX.

Was a good week..... until Friday Morning..

 

Sold CF, PCX, CRK
Long SKF 128
Short ICE 87.3