SPY, composite trade

30 Nov2009
By

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DECEMBER 1 UPDATE
The highest GLD has been above it’s 200 day –only, 2X before, is approx 25%–at GLD = 118.75 that’s 25% above it’s 200 day..
you then get a 10% pullback and another leg up 20% above the weekly 13 day MA, 105 + 20% = 129.1
I’m going to go with Gold tops out at ++$1300, sometime in JAN.
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novemeber 31st
I always find composite trades fascinating. Officially, they didn’t happen.
Un-officially–Well there it is, right there on my screen.
A SPY composite trade, captured with screen capture!

With so many of the other good bloggers out there, still holding their short sells, from last week–I’m inclined to follow the HERD.
I didn’t open any new long positions today–
NYX and ERTS are on my very short watch list–
btw,I have a longer watch list
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Category: Index charts
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  • http://retracementlevels.zstock7.com/ zstock

    Thursdays Down?

  • http://retracementlevels.zstock7.com/ zstock

    Yes–I added GLD short at 118.8

  • http://retracementlevels.zstock7.com/ zstock

    Europe is printing just as much money as the US is printing–That sort of caps FXE, imo.

  • joeynickels

    I saw that. Hope you win on that one soon. Still thinking gdx, etc. will lead gold when turndown occurs for precious metals. What exits are you looking at for GG, PCU and where will you stop out?

  • TenYear

    too tough to call. I'm thinking up though.

  • TenYear

    Here is what I'm doing:

    http://tenyeartrader.blogspot.com/

  • http://retracementlevels.zstock7.com/ zstock

    WHR SHORT 78.9, use a 80.0 stop

  • http://retracementlevels.zstock7.com/ zstock

    My exits on all the gold stocks are the lower bb band.

  • rose2797

    Z, look at CSTR at aroung 24

  • Nergo

    Well … Zee … you were corect about my NTES short. I sold at 38.45 Tuesday am. Lost $450. I should have bailed earlier. The Biggest loss I had in a while. I am working on making that loss up .. any ideas.

  • http://retracementlevels.zstock7.com/ zstock
  • http://retracementlevels.zstock7.com/ zstock

    Hi Nergo,
    NTES, you are on the right track. That Chinese gov't regulations will keep NTES from going above it's upper bb band –approx 42–that's for sure.

  • http://retracementlevels.zstock7.com/ zstock

    CSTR, looks like COCO, takes off NOW at the double bottom. CSTR EPS checks out fabulous.
    CSTR 12-2 1.58 x 27 = 42.66 potential 2010 target price.

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