Well, this is my first post, and for those of you who are new to my journal. This will allow me to own up to some of my positions.
I'm building up a portfolio, that with some consistent discipline will start looking like this guy:
Today's price action causes me to watch 1050 on the S&P and 9700 on the dow. The choppy movement today and yesterday is actually showing selling pressure, so I would be watching for a pullback and if it intensifies there would need to be support which I think could start a new trend. But, the key levels I'm watching for potential support would be 1030 on the S&P and 9700 on the Dow.Some shorts
ASH - I traded this bad boy today and fortunately was one of the bears slashing it down. Its pattern sits well with me, and I'd like to ride it down to 44 if momentum continues.
DZZ- A play on dollar strength/gold weakness. This doesn't have much potential in terms of something I'd like to hold for a few days, I'd consider it a long scalp, but it will still move strongly with gold hitting its potential support at 970-980.
That's it for now folks, I closed out all of my positions, but what I've posted is where I stand on the next few days. Its time to hit the calendar
