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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Buy The Dip?

At times we sell and stay out, conditions may not be setting up for a low risk buying opportunity.  At other times, however,  we wait patiently for the trade to come to us and then we Buy The Dips.  Are we in that position now? Some sectors are saying,  "Yes, you may want to buy the dip!" lets review several sectors first and then discuss what might be setting up as a good long entry.   To the charts!...

QQQ - this weekend I said I wasnt shorting this set up anymore at the blue arrows anymore / I saw internal strength

QQQ  FEB 9

Yesterday we saw this

QQQ FEB 10

Here is what I am thinking...

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WATCHING INTENTLY

My observations in last weeks reports and the  weekend report are playing out very well and my recent recommendations in Energy  are already  up 20 - 40 % .   There isn't much to add, but we are watching how things unfold to try to see whether we have further upside in some sectors, reversals in other sectors , and so on.  This helps us to see where our  opportunities may arise in the future. To the charts....

I expected a turn down, but wasnt shorting it this time

QQQ FEB 4  

Why wasnt I shorting it this time? ...

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