Wednesday, November 5, 2008

OIL and alternative....

OIL CS1700 10 YR Montly
OIL CS1700 daily

FSLR
Oil could be turning higher with support at $55.50. I find it interesting that FSLR looks like a good short with a stop at the 0% fib line.

Tuesday, November 4, 2008

Tech - the old gaurd?

XLK
AAPL

RIMM

GOOG

Do those first three charts look exactly like the QQQQ? What about GOOG? Can you say death spiral? The green line is first line of resistance on the bullis side, but I strongly believe any upside move can be shorted with confidence.

Monday, November 3, 2008

Inside day with NO volume

SPY
INDU
QQQQ
The election is tomorrow and I do not expect the market to behave any differently until Obama is declared the winner late Tuesday night. The Wednesday morning futures should be interesting. Until then the market will be a yawn-fest.