Sunday, January 29, 2012 10:27:21 AM
Looks like Jan is going to go down as a very good month. IWM up 8.1% mtd with no sign of any major pull back and two trading days left.
SPY up 5.0%, so IWM continues to shine as the perferred ETF to hold. One could say it almost been a very boring month except for the four SR60 short fails. Slow 60min chart rules this month.
In the 4th quarter, runs averaged about 3 days max. This run started Dec 14th, so this is the longest one in months, maybe the longest of 2011.
SPY up 5.0%, so IWM continues to shine as the perferred ETF to hold. One could say it almost been a very boring month except for the four SR60 short fails. Slow 60min chart rules this month.
In the 4th quarter, runs averaged about 3 days max. This run started Dec 14th, so this is the longest one in months, maybe the longest of 2011.
Trade the Charts and not the Heart - Expect the trend to continue until it doesn't.
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