Bears in Control

Could get a reflex rally but I’m inclined to short into any strength. Goldman out bearish on growth this morning. Alcoa (aa) will start eps season after close today. Boy, what a miserable chart that is. Keep tight stops today. Any bounce I think will be short lived. Watching- INCY,SLT

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When Does It End?

Well I shorted DRYS at the $70 number yesterday and it worked out, when it rallied up over $70 today, I shorted it again and it worked out fine. I also shorted GNK- another shipper as their charts look like rollovers. SIGM worked for the trade I was looking for. We are so oversold that…

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SIGM

I’ll be watching SIGM for nothing more than a good bounce at some point here. $72 to $45 in a month is bit of overkill I think. Chart has damage but could be a decent short term trade

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Futures slighlty higher

Good morning folks. We are looking at a slightly higher open and probably a very volatile week. The DJIA had the worst start since 1932 and NAZZ since 2003. Strap in here-should be interesting to see if the bulls or bears take the hill AKNS-beautiful relative strength–continuation through 15.5-16 gets the low 20’sSOLF-if it take…

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There are no triple bottoms?

We shall soon see as that is what is seriously developing on SPX and DJI. We will find out if they hold em or fold em. However, be ready for what could be setting up for a vicious upside rally. I would love to open down on Monday with a thrust. It will make it…

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