Green Light

Well we squeaked out a higher high today.  Looks like we are green to go long on Monday.  I have 3 long is DATA, SPY and TJX all options.  TJX is having some issues right now, but I will hold it for now. Next issue is the OBV need to break the trend line down for conformation higher.  There is always something.  If we do get a hesitation next week I will buy Puts in the SPY and maybe sell a call in the TJX to protect my trade.  Have a great weekend everyone.

Green Light

We finally closed above the 61.8 but its a Tombstone Doji.  So proceed with caution. Volume is average.  I sold my SPY put this morning for a small loss and bought a Call for the next few days with my finger on the sell button.  You can buy selective stocks as well.

Yellow Light

We may get a pull back to the 50% with the FTS fast line at the top and looking for a pull back.  It will take a few day to complete this move.  I will buy a SPY option Call if it hits the 50% with a stop below the 61.8.  I will be looking for conformation before I trade.

Yellow light!

We broke the 61.8 retracement but the market had no conviction with low volume.  Need a higher high tomorrow for go long.

I did buy a PUT long in the SPY to protect my long stocks. Short at 1926.30.  Will wait for the over night futures to determine and action tomorrow.

Broke the 61.8 on low volume.  Plus we have 2 gap fills below up which act as magnets.  Gaps tend to fill in time (days to weeks).   I'm long but not all in.  Just 3 stocks long for now.  We will see what else pops up the next few days.

http://screencast.com/t/PwZVA0HQ0ST

Broke the 61.8 on low volume.  Plus we have 2 gap fills below up which act as magnets.  Gaps tend to fill in time (days to weeks).   I'm long but not all in.  Just 3 stocks long for now.  We will see what else pops up the next few days.