Market Watch

[dmk112]

I will be looking to short he SEMI's next, just waiting for a bounce.

[Runner]

XOI



XLE


NYE-X



UTY-X


OSX


Metals& Mining


Looking pretty good here in energy and metals.

[dmk112]

Runner, do you have a list of the breakdown of the metals & mining stocks (the best ones)? Can't find it on yahoo..

[Runner]

Well I guess we got the expected bounce we were all anticipating. Morning pop did not last long and the Bulls are going to need to do better then this. I’m sitting in the Bear camp right now and will look to short on the first rally attempt failure. Not sure when this might happen but the next few weeks will be rather interesting. Many of the so called leaders did pop up today, but they very well might begining a transitional set up for some nice shorts.

Current steel stocks below the 50dma:

CRS WPSC NSS NWPX AKS STLD IIIN RESC TXI MT ATI

Oil related Stocks below 50dma:

BP PTR COP XOM MPET TGA MMR EGY GDP DNR APU PPP APA GEOI NBL OXY SGY REXI CNQ SYNM

I think this is enough. One thing to be cautious about is earnings season so check to make sure you don’t get blind sided. Most of these stocks mentioned here can be explosive or violent in volatility. So should you play any or if they even set-up honor your stop plans.

almost all trigger short.. trail profits and set to break even. I see the Q's downward pressure might be easing a little.

[Runner]

I see zero leadership in this market

[New-born baby]

Market Support

Here's a couple of charts on the Dow. It indicates to me that the market is going to move lower. Good time to short or just stand back out of the way.



This explains the chart above:

[Websman]

Here's a couple of charts on the Dow. It indicates to me that the market is going to move lower. Good time to short or just stand back out of the way.

Shorting sounds like fun to me.

[dmk112]

And the bears go back to work....

[dmk112]

.... Good time to short or just stand back out of the way.

Wait for the bouce, wait for the bounce! We are way too oversold right now.

[dmk112]

The biotech's look like they bounced from a b/d, may be shortable here... especially BIIB

[Runner]

Wait for the bouce, wait for the bounce! We are way too oversold right now.

My Q’s short term indicator is telling me the downward pressure might be getting weak. Longer term is still Bearish for now, however I personally would not go short at this time. I’d wait and see if we get a nice little bounce at this time. If your short today was a great time to lock in profits and or trail stop lower.

[Runner]

The biotech's look like they bounced from a b/d, may be shortable here... especially BIIB

I'll leave BIIB alone.

Good luck with it.

[Runner]

NB, I never seen this type of indicators and what is it? Body in motion, wow that sounds high tec. Not sure about that. I’m cautious of the 7 billion indicators out there. Heck my own indicators become confusing at times. Do you trade off this services signals? If so how have they worked out?

[Websman]

I'll leave BIIB alone.

Good luck with it.

I agree. Tysabri could reintroduced at any time, which would shoot the share price straight up. I wouldn't short BIIB or ELN for anything.

[Runner]

SOX may be trying to set up in a first thrust down.