Today was basically a mirror image of yesterday. The 50 day MA once again kept a lid on the SPY, QQQQ and literally hundreds of other stocks and etf’s. AAPL also managed to make it back into to the range between the 20 & 50 day MA. If you are actively trading stocks my best suggestion is to know where these levels are and have them on your platform at all times. If/when you see multiple stocks in your sector starting to break one of the ranges you will have your tell on what way the market is breaking.


Again like I said it was a mirror image of yesterday. Financials and real estate lead the way with the solars oil holders and gold miners lagging.

TBT bounced off of the 150 day MA and the TLT roughly stopped at the 20/50 day MA today so this should be a good test of the TBT/SPY trade.

The trend lines I wrote about in this trade thesis are still intact, down trend in TLT, uptrend in the TBT and 150 day MA in SPY. That coupled with what look like some bullish charts in leading sectors (IWM, IYR, IYT, IYR, XLY, XRT) makes me believe this trade will work out.

Until the market breaks out of it’s current choppy range SPY 20 day (111.03), 50 day (108.91) trade quick and don’t press.

Tomorrow brings durable goods and jobless claims Friday hosts GDP, Chicago PMI, consumer sentiment and existing home sales. Hopefully some there will break this market out of it range.

Again I don’t have a lot that I feel comfortable sharing with you because the markets are such a mess but I will be trying the following if the set up on good volume.

gnk 20 short

swn 42 short

au 34.5 short

brcm 32 long