MNRO
March 31, 2009
March 27, 2009
Adding Another Position
RHT closed strong above resistance (about 16.20) on 3/26 on very strong volume. Close 3/26 17.60. Going long at the market open on 3/27.
RHT
March 26, 2009
One Loser
Was stopped out on one of my positions yesterday - ($1.61) loss. The chart tells the story.
ACOR
March 25, 2009
Trade Analysis
A couple charts below to show how my current positions are doing. These are short-term trades.
MNRO
ACOR
March 23, 2009
ACOR
Strong close above resistance (about 26). Very strong volume. Low of 24.35 bounced off 20 day EMA resistance at 24.33. 3/20 close 26.82.
Going long at the market on Monday.
Going long at the market on Monday.
March 22, 2009
MNRO
Made new intra-day high at 27.25. Closed well above resistance (about 25.84) on very strong volume. 3/20 close 26.43.
Going long at the market on Monday.
March 13, 2009
DIA
No change in volume from 3/12, volume still well below 20 day EMA. Closed at 20 day EMA (71.55). 3/12 close 71.77.
3/13 bm
March 11, 2009
IAU
Close below up trendline dating back to 11/13/08, but on lower volume. Also closed below 50 day EMA (88.88) which had held on 3/4/09. New support about 87.50 (approx low on 2/3 and 2/9)? 3/10 close 88.24.
3/11 bm
DIA, SPY
Interesting that volume on DIA was still below 20 day EMA on big 3/10 rally. 3/10 close 69.14. Same thing on SPY. 3/10 close 72.17.
3/11 bm
March 10, 2009
IAU
Bar 1 - Close below support (about 91.27) on up volume. Look for next support at 20 day EMA (88.92)? 3/9 close 90.66.
3/10 bm
3/10 bm
USO
Nice move up. Looks like bar 1 but closed too close to 50% level. Watch for resistance at 50 day EMA (30.13). Considered long with target at 50 day EMA and stop just below resistance, but risk-reward not good (up ~5.2%, down ~6.8%). 3/9 close 28.65.
3/10 bm
SPY
As expected, trendline was broken intra-day by the high of 70 on 3/9, although still closed below. Expect to break again, at least intra-day, by any move above 3/9 close. New short-term support at 3/6 low of 67.09? 3/9 down day was on lowest volume since 2/26 and below 20 day volume EMA. No strong opinion on next short-term direction. 3/9 close 68.11.
3/10 bm
March 9, 2009
SPY
Very sharp downtrend since 79.67 high on 2/26. Volume up 5 straight days as moved lower. Downtrend probably too steep to go short based on that trend - could not go higher than roughly 3/6 close without breaking trendline. Stop would be too tight. 3/6 close 68.92.
3/9 bm
3/9 bm
USO
Short-term opinion can change quickly. Closed at high on 3/6 and above resistance (about 27.61), but on light volume. Less bullish than I was before Friday open. 3/6 close 27.99
3/9 bm
3/9 bm
GLD
3/6 close just above resistance (about 91.96). Not ready to call it support. Slight move up, but again on lighter than recent volume (and lighter than 3/5). Opinion still slightly to the short side, but not much conviction either way. 3/6 close 92.29.
3/9 bm
3/9 bm
March 6, 2009
GLD
3/5 closed at resistance (about 91.96). Also closed barely above 20 day EMA (91.80). Volume higher than 3/4, but still below 20 day EMA. Little momentum to push through resistance? However, the 1%+ drop on 3/4 had lowest volume since 2/13. 3/4 also basically held at 50 day EMA (88.54) as the low was barely below at 88.45. May churn between 20 (also resistance) and 50 day EMA in short term? Possible short with stop just above resistance? Too tight. Possible stop at this week's high of 93.61? 3/5 close 91.99.
3/6 bm
USO
Bouncing off resistance (about 27.61). Moved above on 3/4 but closed right at 27.61. Heavy volume. Open on 3/5 just below resistance at 27.33, but never went above resistance and closed at 26.56, which is just above 20 day EMA (26.43). Volume was way down. 4 of last 6 days have traded close to or above resistance. Only 2 of the 6 had high volume, both were days it traded above resistance. Seems to be signaling a strong desire by bulls to push above resistance level. Go long now with tight stop or wait for confirmation above resistance? 3/5 close 26.56.
3/6 bm
March 5, 2009
DIA
Somewhat of a "pause" on 3/3 as there was a further small drop but on much less volume. Confirmation of bar 1 and 2 "trend" as there was an up move but on lower volume than bar 1 or 2 and volume was also below 20 day EMA. 3/4 close was at roughly the high of 3/3. Time to go short? Very short term support level at 3/3 low of 67.09? 3/4 close 68.77.
3/5 bm
March 3, 2009
March 2, 2009
USO
Bullish momentum as 2/25 and 2/26 up moves occurred on higher volume? Slight close down on 2/27 but on light volume. Still closed above 20 day EMA. Bumping against resistance (about 27.61) however. 2/27 close 27.05
3/2 bm
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