Replies to post #37150 on Profunds index and sector trading (PRO)

[euterpe1]

I am up about 5% on the Rydex account since the later part of April which stinks for 2 reasons. One, I was pounding the table short at that time and missed the larger part of the down move and two I have never been in more than 50%...25% two times funds. And I had to make up for a 2% loss for being ahead of the pack as well. Added some RYDEX longs at the AM price today which I will probably sell at the close. Getting kind of peaky here on the hourly.

401Ks went long yesterday. I think we are just beginning this up move. If we go up and then pull back to the mid BB's on the daily charts, then I will go from 50% long to 100% long.

I bought some physical gold and silver about 4 years ago, but haven't touched any gold funds. Metals are starting to show a big divergence on the weekly. Also, look at the monthly stochastic with the 5,5 setting.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p80581640224

Note the W bottom. 1125ish looks like resistance. My guess is a pull back from 1125 to 1107 and then up again.

[euterpe1]

Shorts worked out nicely. Now looking at a possible long. Thoughts?