Wednesday, April 6, 2011

Kicking and screaming higher!

The ISEE is neutral
Stock above 50 dma are considered on a buy but getting over bought

The up vol % has been 50% ,58%, 61% so neutral also.
What is bearish the vix. It has been a good time to buy longer term puts of think more bearish with it under 17 of late.

Sunday, April 3, 2011

Trend is UP until.

As far as my model I think i said it but it went to VST buy on 3-24 crossing both 1298.33 and 1304.28 on that same day. On 3-29 it confirmed a up CIT was happening.
Today and yesterday we started to look weak but not close enough to a sell, for Monday 1321 could kick it off but not going to happen. When we hit 1344 and plunged the next day I felt it was not a high because it didn't follow the pattern I have worked on in the archives.
IE: you hit a high then pullback next day but 3 day you do a fakeout rally not topping but scary.