JasonGordon's  Instablog

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My passion is trading stocks. I am a student of the markets just like you. Follow me as I learn new things and analyze the markets. http://www.swing-high.com
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  • Charlie Anderson
    , contributor
    Comments (86) | Send Message
    Hey I have been closely following the technicals on the S&P and it seems that we are going to see a downturn in the second half of this upcoming week. What do you think?
    7 Mar 2010, 08:41 PM Reply Like
  • JasonGordon
    , contributor
    Comments (24) | Send Message
    Author’s reply » sorry for the super-late comment, but we can look back and see that there was no reversal. We did have major resistance to fight through on SPY, which is what I think you are referring to. Now that we are through that resistance though, I do not see SPY reversing significantly any time soon. Maybe at 118-120 (next major resistance).
    18 Mar 2010, 09:14 AM Reply Like
  • Charlie Anderson
    , contributor
    Comments (86) | Send Message
    Yeah it seems that, although the volume is very low, the market could continue up for a little bit. Something interesting though that I noticed in the monthly charts is this pattern in the uptrend over the trailing 12 months. 3 months up, 1 down, 3 up, 1 down, 2 up, 1 down, 2 up [the last one being this month]. This suggests that April will probably be a down month, but march should stay solidly in the black.
    Check out TRLG, it's way oversold and looks like it'll plummet back down 45-50% as soon as the market turns. It also has awesome fundamentals.
    18 Mar 2010, 10:17 PM Reply Like
  • JasonGordon
    , contributor
    Comments (24) | Send Message
    Author’s reply » Thanks Charlie! Looks like we were right about continued strength through the end of March.


    I have been watching TRLG. It is putting in a nice high base at significant resistance. If it can chop through 30 and 32 and put in a nice bullish set up, I will probably make a long trade in it.


    ~ Jason
    26 Mar 2010, 01:45 PM Reply Like
  • Charlie Anderson
    , contributor
    Comments (86) | Send Message
    Yeah the fundamentals are really good. It just looks to me like it's way overbought right now and that it might plummet back down to around 20. If it does that, I'll probably buy it, and if, as you said, it breaks out above the resistance rigtht around 32 on higher volume I'll probably buy it for the ride.
    check out this blog, she's a friend of mine with a lot of experience in the markets marketsbodylanguage.wo... She seems to think that we've hit a top, or close to it.
    26 Mar 2010, 07:24 PM Reply Like
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  • nice sell off on the major indexes $SPY, $DIA, $IWM, $QQQ, $XLF. Entered long positions in $FAZ, $EDZ, and $TZA throughout the morning
    Nov 12, 2009
  • put an order in to pick up some $fas at $70.17... will probably hold it for this up leg if there is one
    Nov 4, 2009
  • the vix should have support at 30 now... $TICK, $TRIN, and $VIX all behaving slightly bearish today after a bullish open
    Nov 2, 2009
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