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April 8, 2010 Short from SPX 1190; Our Newsletter Long picks yielded 5-6% in 5 days ;

|Includes: AKS, BB, BHGE, BJS, IVV, LOW, MXIM, SDS, SPDR S&P 500 Trust ETF (SPY), SPY, SSO

Good Evening!

            The volatile up and down session doesn't change our outlook from the past two days, we're short from yesterday's high, and have a buystop in place with a close above 1200.  Momentum in this leg up is contracting.  4 factors of our quantitative chart are still biasing us towards the downside. 
             The VIX popped then retreated back to support, a close under 16 may alter our perception, but for now it looks solid enough to walk on.
             The free newsletter example pick of LOW we placed on our site last Sunday has surpassed the cited 1st profit level for a 4 day long 4.5% gain. See at ; 4/5 of the long picks (BJS,AKS,BHI,MXIM) from the March 30th newsletter have reached our second profit taking levels for  5-6% gains, RIMM was the gem short of the newsletter with a 1 day 8% gain.   We provide this monthly subscription with 10 picks sent every week, now on Mondays.  Subscribe today and start learning how to take quick profits with our algorithmic charts and profit taking levels.

Best Regards and good luck trading!


Disclosure: Short SPX from 1190