Watch 0:0 Lists

Imminent Potential Watch
Shorts in the order of preference for potential breakaways...
SRS
SKF
SDS (less so)

Short of QLD/go QID

Looking for on pullbacks (to then potentially go long)
QID... pullback to 38 or 37.5 region
DRYS... Bounce up off of 50 RSI or pullback of stock to 85

Looking for pullbacks in almost ANY of the coal names. They're all going parabolic. Metallurgic plays are best. Will discuss more at some point most likely...

CNX ASR (preferred) PCX ACI MEE, a number of others... WLT needs some more research

BTW... the SPX pulled down as from the 50% retracement mentioned on the last post. Most likely IMO it doesn't reach above Friday's close again anytime soon... more likely to bounce off or near the 50, testing it again before going up a little (wait I just took a look at the chart... it already is hitting very close to the 50. I expect it may bounce this time again but with less upward movement...

WATCH FOR A BREAK BELOW THE 50 WITH VOLUME.
The charts will tell... the point is that many longs are likely to pull back if we break 50 with volume I believe...

This blog is for informational purposes only. It does not give investment advice.