Market Update

The gap is pretty much filled this morning. It's so nice.

The Federal Reserve expects the economy to improve in coming months. ho ho. so may be the rally can continue for just several months... crossing my fingers.

QID bounced back to 36, but until it can form a new golden crossing, I don't think it is a buy now.

JASO, one of our watch list, so far gained more than 24%.. very nice.

I still keep this morning's market close prediction [1] and still remains bullish so far [2]

[1] market close prediction

[2] bullish
at 5/20/2009 02:28:00 PM

3 comments:

  1. AnonymousMay 20, 2009 at 2:46 PM

    Thanks for sharing. Hope the DOW can hit 10000 again.

    ReplyDelete
  2. Ben KevanMay 20, 2009 at 4:15 PM

    Man.. what a crazy session.. . Important note:

    We hit Volume - It was down (we haven't been hitting 100% volume except on down days).

    Other interesting notes is how Gold / Oil is going up (I own GOLD (as a gold play.. mining company, since I didn't want to pay collectors taxes)), and was in RIG for Oil (got out a bit early), but am starting to get bearish on the run up of oil, and see it coming back down to $50 (time to pick up DUG? Or Short Oil? hummm).

    QID looked great today.. I'm worried 0 about my position at $37 .. at a 2x Inverse.. I see it hitting high 37's tomorrow.. which is when I'll setup a stop at 37.30 and hope it doesn't gap below that one day.

    keep up the great work..

    ReplyDelete
  3. TigerMay 20, 2009 at 4:22 PM

    Ben,

    Thanks for your sharing. I will post the close remarks soon.

    So happy to know you earned a lot from gold. I missed gold's home run.

    Tiger

    ReplyDelete

Subscribe to: Post Comments (Atom)