AND now Mr. Nasty, VIX, VOLUME and breadth all are speaking in different tongues.
To be clear, Nothing wrong with riding profits up, but confused as this market is giving us signals, when the guys from stockcharts [blogs] [ www.blogs.stockcharts.com]
tell you they see conflicting signals, then, we are NOT hallucinating calling them also
Profits are one thing, RIDING THE TIGER IS ANOTHER, simply more dangerous.
Use your "Field Awareness" to keep you safe, and adjust any stops you have, mental, physical, or trailing, to keep you safe. AS Subscribers to PEAK PERFORMANCE PICKS
clearly see, THERE ARE VEHICLES ALONG MOST EVERY DAY, so do not let profits turn into losses. You need not get shaken out of a position, but watch your indicators and make sure you get your profits. Even the SILVER and BRONZE MEDAL WINNERS posted here, and the "ALSO-RANs" are far far better to ride, than allowing profits to turn into losses for fear of not having another candidate to ride later.
Stay Aware, stay nimble, stay profitable [Give PEAK PIX a test drive when your ready].
Till then, have a great day. Next week we will publish a review.
Friday, July 17, 2009
Yeah just what is up? Is this whiplash ala GOLDMAN, or is that 4 TRILLION of sidelined money gonna buy all the US DEBt and leave enuf left over for a stock market party? Everyone LUV's a party, and no fund manager or hedgie wants to be left behind.
Now I dont know WHO is holding the cash, nor did I refer to the fixed-income or currency trading sections to see if the 130 Bil of debt the Treas had, was a bang-on sale, but it did occur to me that the market was more resilient today on less of a liquidity pump than before. MEANING ? Apparently more Bang for the Buck, even tho CIT threatened to tank.
Me, I look for a "Wall of Worry" to see whether we are being walled in, or in fact this is a series of steps.
No, this is not an all clear. BUT this is a "Watch your stops, and dont get shook out of long positions unnecessarily. I really dont care how it plays. More its about being on the right side of the play......