BOUNCING

After watching various sectors endure some  prolonged sell-offs, we've been able to buy near the lows and make some decent gains %-Wise.  This does raise a few questions.  Are these THE lows?  Are these sectors  just bouncing from oversold conditions, only to continue lower later with a double bottom or even making lower lows?  Lets start off by looking at some "lows"

 This is our current chart of OIL

$WTIC FEB 13

You see definite signs of improvement in this bounce, but I wanted to point something else out just to keep us alert...

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FRIDAY – We Have Another Sign

 The Thursday report covered so much and the weekend report will wrap up the weeks activities, so I dont always feel the need to write a report on Friday.  There are actually a few things of interest to note since yesterday however, so I wanted to cover those before the weekend.  I'm going to start with...

OIL -  As expected, A productive & Trade-able bottom for now. More on OIL in this weekends report.

WTIC FEB 12

Moving to the markets ...

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Did You See It? Traders To Your Stations

Did you see what I saw yesterday?  I had mentioned in the weekend and daily reports  what I was looking for,  and by the end of the day I was fairly certain that we got what I was looking for . First lets review the markets and then discuss other sectors.

Again, I had been shorting the Nasdaq at prior highs using TZA, but I stopped last week and pointed out why last wkend...

QQQ FEB 10

What do I see now in the NASDAQ, SPX, and DJIA?...

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