Update - absence

Well, the past few months have been extremely busy for me.  I've been working on a little model for myself and I actually cut down my tracking to only four items:

• IWM (Russell 2000 ETF)
• GLD (Gold ETF)
• SPY (SP 500 ETF)
• GOOG (Google)

Google tends to be a market leader, so I like to see how markets are trading Google.  Gold is usually my inflation hedge, but the current lack of inflation is troubling for Gold right now.  SP500 hit an all time high, but volume was thin on the movement up.  Scaling into SPY long Puts would have been prudent over the past few weeks.  I'm attempting to revise my trading techniques - minimizing risk and taking 20-30% gains whenever possible.  

Starting today, I plan on posting more aggressively.  I'm not a pro trader.  I'm just a dude trying to save money.

2012 October 26 - CLOSE

2012 October 23 - CLOSE

Nice range on Priceline (PCLN) yesterday and good Volume.  Gold continues to drop after hitting resistance (GLD).  IWM still remains bearish as it is under the 20 DMA, but there is support at the 200 DMA.

JPM is hanging out between support and resistance right now.  XOM took a big tumble, and next support level is around $86.65.

Finally, pay attention to the S&P Bullish Percent.  The number of stocks in the S&P 500 on Buy signal is decreasing.  If it drops under 70, there could be a massive selloff in the market.