Monday, April 30, 2012

ISRG April 30 2012

ISRG is playing its channel, watch the channel for entries and exits.

AIG April 30 2012

Right in the middle of the channel.

MSO April 30 2012

Up almost 5% after the call on Friday, time to move the stops tight and lock in those profits. Still expecting a move to the 4s.

STD April 30 2012

Watching STD to see how it acts around the previous low.

RENN April 30 2012

Still waiting on RENN, watch the trend lines.

BORN April 30 2012

BORN continuing its uptrend off the bottom, continuing to be a nice play.

ZAGG April 30 2012

ZAGG a huge winner for us, lock in those profits.

Sunday, April 29, 2012

SP500 vs. Initial Claims

When one of these two graphs starts heading hard in one direction, the other tends to follow before too long. The inverse claims is heading down hard. As you can see from the chart, in the recent past when that happened, the S&P500 sometimes resisted for a while, but it inevitably followed.