Sunday, November 6, 2011

Week of November 7-11

It seems to me like the market could be putting in a new range for the next few days... Also notice a little triangle consolidation over the last 10 days or so.... this is positive in my opinion... And diven that the pullback last week was quite shallow, I'm expecting the market go higher from here. As long as we hold the lows of the box in the chart below, at around 121, then I think we're headed higher. I've noticed a lot more good looking setups the last couple of days and this weekend, so I've started adding some swing plays in my account. Right now I'm long some MU, MTG, TRGL and SHZ and short some TVIX.

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