Saturday, May 24, 2008

May 24

NDX PR remains on a Sell from Thursday's close at 1964. Friday saw a 1% down move to 1943. I would exit on Tuesday or Wednesday if it got to around 1934.

XAU PR continous signal remains with a 33% Short position. The short term sell pattern on the close 5/21, at 191.26, remains intact... looking for further move down in the short term.

Wednesday, May 21, 2008

May 21 NDX sell, XAU sell

The NDX PR continuous signal switches to a SELL on the close tomorrow. The short term signal given on the close 5/19, at 2016, has a nice 3% gain and I consider that short-term trade over. However, I will take a short position again on the close tomorrow (since the continuous signal is changing to Sell)... unless the market looks strong tomorrow, I may wait until Friday sometime.

The XAU PR continuous signal remains 33% short. There is a pattern now that clearly indicates a sell off sometime over the next 2-10 trading days. I will look to sell sometime tomorrow.

Monday, May 19, 2008

May 19 NDX sell

NDX PR will give a short term sell signal on the close today, 5/19

XAU PR will remain 33% short.

Tuesday, May 13, 2008

May 13 NDX Buy, sort of

NDX PR did give a Buy signal, to be entered on the close today, 5/13. It is a weak reading and I will not enter long, yet.

XAU PR is still at 33% Short

Saturday, May 10, 2008

May 10 NDX near buy

NDX PR will remain on a Sell thru the close Monday, 5/12, BUT it is very likely that it will change to Buy on the close Tuesday.

XAU PR will remain with a 33% short position on the close Monday, 5/12

Friday, May 9, 2008

May 9 XAU Sell

XAU PR will go to a 33% SHORT position on the close today. It went 100% Long on the close 5/2, at 169.05... (xau is currently trading at 178.14)

NDX PR will remain on a Sell signal.

Thursday, May 1, 2008

May 1 XAU Buy

NDX PR will remain on Sell signal through the close tomorrow, 5/2

XAU PR will CHANGE to a 100% BUY signal on the close tomorrow, 5/2