Sunday, March 8, 2009

Potential rally in financials



Key will be the amount of market excitement in M2M meeting Mar 12 as financials are extremely oversold. Question is what happens at the resistance zone of around 135-150 in $DJUSFN indicated if the market can take it there.

http://stockcharts.com/h-sc/ui?s=$DJUSFN&p=60&yr=0&mn=2&dy=0&id=p53690176963&listNum=1&a=160540332

http://stockcharts.com/h-sc/ui?s=$DJUSFN&p=D&yr=0&mn=7&dy=0&id=p35490289214&listNum=1&a=158916681

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Aug 25 - Re-entered (again) GLD short, long LVS, AMZN, NFLX, SHAK

I have been stopped out twice in last few weeks trying to short GLD.  I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...