Charlie Anderson's  Instablog

Charlie Anderson
Send Message
I am currently a student. I use a mix of technical and fundamental analysis to arrive at investing prospects and then do in-depth analysis.
  • Market Tracker, 5-4 0 comments
    May 4, 2010 6:32 PM | about stocks: POT, DIA, IWM, SPY, ONEQ, SPXU

          Today the markets continued their slide. SPY broke through the little support in the low 1180s. Also, SPY sold heavily right as the market closed at 3:59. Most people trading at this time of day are professionals, and this is a strong indication of what the "smart money" is doing. They're selling short. I got stopped out of Potash today. It was a bad buy, and my stop should have been much tighter. However, we learn and move on. I did not expand my short position today because it is already  large enough and leveraged. FXI [The Xinhuan 25 ETF] has broken below its multi-month trend line. This is increasingly looking like it will be the 25% correction from the World Bank model. For now, I'm along for the ride.

    Disclosure: Long SPXU

    Stocks: POT, DIA, IWM, SPY, ONEQ, SPXU
Back To Charlie Anderson's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • FSLR is approaching the bottom end of its range between 100 and 150.
    May 26, 2011
  • GES broke out of the symmetrical triangle formation today on 1st quarter results.
    May 26, 2011
  • GES is near the upper limit of a large symmetrical triangle formation, and will hopefully break out to the upside.
    May 17, 2011
More »

Latest Comments


Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.