WOW that was interesting......This market is not the kind where you buy and hold.....I have never seen such a sad crowd close the bell.....Those claps were pathetic.... Well took my profits and we will see what tomorrow brings.... I noticed today I was able to post excel sheets....So i will break them into 3 different files and see how that works....excel will be ready around 7:30 today...... The Anomoly is quite happy with the current market....I like when stocks get cheap and I don't own them.... Well lets hope we have already seen the third leg of this correction, because if not FRIDAY could be doom..... $COSTAVERAGEMAN
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA I WOULD LOVE TO SEE A REPLAY FOR THAT HAHAHAHAHAHAHAHAHAHA Yeah seriously, I had 15 stocks breakout today, 11 out of the 15 lost its erection at the end of the close. Must have been the claps.
S&P closes below 200 day MA....Not very sure what to make of this....Still worried about Fridays data and today's durable goods headline number was ugly for the economy, but a positive in regards to a possible June pause in rate hikes... Well the selling came out strong again late in the afternoon yesterday, pushing us below very key resistance levels.... So the real question is when do we start putting on some long hold positions....I'm still waiting for a 15 point move in the S&P 500 followed by another green day....Until then it will be short term trading of momentum and still holding my defensive (Nursing home sector, Appliances and HMO's) plays.... good trading to you $COSTAverageMAN
Nasdaq 100 Now I'm not one to call a bottom, but as commodities get more volatile for the retail investor who still wants risk; this index is looking pretty oversold.... Let's hope the S&P 500 doesn't get this weak before it bounces....In regards to the 200 day MA $COSTAverageMAN
Bought GLD@63.92 SLV@126.52 1 DAY chart Dollar strength may not continue....And I just feel better with gold and silver in my portfolio as a hedge