Sunday, July 3, 2011

Congrats to those with stinky fingers!!


Congratulations to everyone who picked their bottoms last week!  The SPX held and bounced beautifully of the 200MA spurring a 5 day bull run with almost all days being triple digits days for the DOW.  I put my IRA to work on the second day so my fingers were a bit dirty.  I didn't get to chance to put much to work trading and missed out of the biggest rally this year in that aspect. 

SPX: Rule # 1 - Double Tap!!




McClellan Oscillator showing overbought conditions > 50.  I'd like to see the market rest here before blasting off to new highs for the year...





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