Monday, February 1, 2010

Monthly Charts - QQQQ, SPY, DIA, X, AA

Since month end is now in the books I thought we should have a look at some monthly charts to get some perspective. Remember now, the longer the time frame the more valid the chart.

Nadaq 100 tacking stock ticker QQQQ, monthly view above.

S&P 500 tracking stock spiders ticker SPY, monthly view above.

Dow Industrials tracking stock diamonds ticker DIA, ,monthly view above.

Alcoa ticker AA, monthly view above.

U.S. Steel ticker X, monthly view above.

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $12.06
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $6.05
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $8.49
Long 1 unit Ultrashort Real Estate ticker SRS @ $9.82
Long 1 unit Direxion Tech 3X Bear ticker TYP @ $10.68
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $21.97
Short 1 unit Daimler ticker DAI @ $52.23 stop @ $54.81
Short 1 unit CurrncyShr Aus Dlr ticker FXA @ $89.65 stop @ $91.71

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