SPDR S&P 500 (SPY)

[euterpe1]

Happens...cold and hot streaks. I did a 1 day long in the 401K based on the Daily chart RSI(14), but we need the stochastic to break over 20 to confirm. My short play today covered that loss and then some. No relief from the weekly chart for longs.

http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&yr=0&mn=6&dy=0&id=p17884934400

I have been playing MZZ and SDS. MZZ was a screaming buy at 58 on the 30 min chart today. Q's close right on 15 min chart support. We should get a bounce to 45 in the AM, but after that we'll see.

Market is really oversold.


3/10/08 40% long
3/11/08 Scaling back to 30% long EOD
3/13/08 Scaling back to 20% long EOD
4/7/08 100% cash EOD.

7/3/08 Close short at open. 100% cash.
7/8/08 20% long EOD