|
06/2009
16.03.2009
Editor's
Notes
MY LIVE TRADES
Trading
Tips:
Good book about candlesticks
Sector
and ETF
Watch list
Stock
watch list
Contact me
My
blog
Newsletter
archive
Simple
stock trading
home
|
|
Corrective move
Hi,
strong rally moved stock market indexes up last week
But one have to remember that 6% rise in one day does not happen
in bull market. Such up moves are typical for bear markets.
|
 |
Yes, main trend is still down and this rally only allows markets to make some refreshment before possible new drop.
This rally was connected to news and rumours that there will be finally
found some solution for financials around the world. I think this is
very important point and such solution is necesarry. Investors need to
know that no new "nationalization" or similar government "help" can come.
When such plan give them such feeling they will start to invest their
money again. And market will start to move more or less in normal
fashion. Some stocks will rise and some will decline. Not like today
when everything is going under water due absolute absence of buyers.
Happy trading,
Richard
Good book about candlesticks
I like to read Beyond Candlesticks: New Japanese Charting Techniques Revealed each year once again. This book is absolute necessity for every technical trader and investor.
.... top of newsletter
Sector and ETF Watch List
Long
ETF watch list: BDH, SMH, EWT,JNK, HYG, LQD
Short
ETF watch list: XLE, IYT, XLI, XLU
Inverse ETF (long position): DXD,DUG
Stocks Watch List
Long trade/ Buy watch list: RVBD, SBAC,SIGM, SMTC,SNDA, ....
Short sell trade watch list: DVN, ECA, EOG, HOT, IDCC .....
E is finishing nice pullback. I am looking for resume of downtrend and will prepare trade setup for such trade
Questions ?
I will be pleased to reply to any of your questions. Do you have
something to discuss ? Or would you like to read something in next
issue of newsletter or on my web pages or in my blog ? Let me know .
|
|
