Tuesday, February 22, 2011

Pretty candles

Short-term candlestick interpretation view. The charts I like, I'll take a close look in the morning and see how they open. Won't be buying any gap downs in this climate.

These look quite attractive on paper, plasma, LCD, what-eh-vurr...
QID, TLT

These are worth a look, but not as promising.
UCO, USO, SLV, PHYS, GLD, PAAS, SLW

These charts, not so much. Dislike!
HAIN, CSTR, NGD, GMCR, VZ, SPY, DIS, EXK, OIH, RLOC, TBT, IPI, QQQQ, CMG, GOOG, AMZN, F, SBUX, AAPL, MOS, LULU, APC, OPEN, LVS, PSUN, VCLK, C, BIDU, FCX, NFLX, X, GNK, FAS

These are nice, but I don't trust them overnight.
TVIX, VXX

Aaaaaaaannnd ...

Here's some stuff that finished strong in the final 15-45 minutes, if you're inclined to believe that the big boys dive into the sea and scoop gems at dirt-cheap prices late in the day.

TVIX, VXX, QID, TLT, SPY, VZ, OIH, DIS, EXK and ... that's it. Everything else sucked at the close.

100% cash here. Someone else can try and be a hero. I'll save all my bullets for the right time, maybe in the morning.

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