Friday, January 16, 2009
Thursday, January 15, 2009
Wednesday, January 14, 2009
Energy Bull Trap
I mentioned that I have entered a small position in Energy and Health care on the 13th, I have exited both positions on 14th due to reversal. Let's review if we could have prevent the trap.
We see that although the 15min charts showed bullishness on the 13th, however in the longer term chart, the 60min ones, it is actually still showing bearishness.
Sectors Leading the Markets Up: Energy, Health Care, Utilities
Sectors Leading the Markets Down: Financials, Consumer Staples, Industrials, Real Estate
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