2012 starts with a roar
- Posted by admin
- on January 3rd, 2012
$QQQ break-out from trend-line. Technically our favorite index ETF which is good because you want tech to lead a rally.
$SPY above trend-line and the 2011 wall of hell (aka 200sma)
However, the break-out would be much more convincing if $TLT could break-down through trend-line/100sma in the coming days.
And if $SLV could break-out of trend-line and show some risk-on attitude.
Nice start — now let’s get basic materials to show continuation, and treasuries to break down and we could be in for a good quarter.
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- Keep swimming but with an eye on the shore
- Make peace with not catching every move
- 21 days and counting
- Trade against it
- What’s your edge?
- Wait for it
- Keep Calm and Carry On
- Even if you don’t trade it, you have to watch it
- This is where we would buy AAPL
- No matter what your time-frame, be patient enough to trade against an edge