Archive for the ‘SPY’ Tag
“You can’t tell till you bet.”
Filed under: Portfolio | Tags: edwin lefevre, jesse livermore, reminiscences of a stock operator, SPY
Leave a Comment That is the line from the “Reminiscences of a Stock Operator.” Which is exactly what I did today when the market gapped down. This was based on my research, and should end the month in green. I bought SSO & ISL today, and covered my PFGC.
Time to buy?
Market made a nice turnaround today and with few more days like today, I’ll start looking for stocks to buy. For now I’ll just wait and see.
SPY Closing Below 15 Month Moving Average?
Yes, it could actually happen! Last time SPY was below 15-MMA was April 2003! We should see some bulls coming into protect the support, if not it could get ugly. Be careful out there!
SPY
SPY is in danger of closing below 15-MMA, which has yet to happen since the bull market started. SPY is now down 8 straight days, and it is still not oversold. I have no clue what it will do tomorrow, but I’m still keeping my shorts as they have room to go lower.
SPY
Last time the SPY had 7 straight down days was from 7/19/2007 to 7/27/2007. It was up on the 8th day, but it ultimately went lower. SPY will try to find support around $139-$140. Gap also needs to be filled from 1/3/08 close to 1/4/08 open. I still have short positions in ATI & WCC as I see no reason to cover right now.
SPY & SDS Observations 10.24.07
Filed under: SPY | Tags: , moving average, pro shares, proshares, sds, SPY, srdx
Leave a Comment In order for the market to go higher, SDS needs to fail on the support here. I’ve raised my stop loss for SRDX because stock is moving up without much volume.
SPY & SDS Observations 10.22.07
Filed under: SPY | Tags: moving average, resistance, sds, SPY, support, uptrend, volume, weekly chart
Leave a Comment 
SPY & SDS Observations 10.16.07
Filed under: SPY | Tags: cup with handle formation, kirk report, moving averages, sds, SPY, stock, stock market, ultrashort s&p500 proshares
Leave a Comment The Kirk Report mentioned the cup with handle formation, and I want market to go sideways here. Usually November and December are good months for stocks. If market can consolidate here, I have few stocks I want to add on and buy.
SPY Observation 10.15.07
Filed under: SPY | Tags: chart patterns, SPY, stocks, weekly moving average
Leave a Comment I’m not expecting SPY to close positive for the week. Since this bull market started, only 3 out of 10 times did SPY close higher following 5 positive weeks of close.
SPY Obeservation 10.09.07
Filed under: SPY | Tags: 10ma, 5ma, monthly chart, moving average, observation, SPY
Leave a Comment Avg. duration when SPY closes above 5MA: 6 months
Avg. duration when SPY closes below 5MA: 2 months
