the Yuppie Pig

Huge reversal and the end of the day! The 60 minute chart did break down, but I have to second guess its strength, with the end of the day move. A bit more, breaking back up, would quickly negate this pattern. I've got plenty of charts on the long and short side today.


I started a short here with a stop above the day's high. Any strength here is going to kick me out. This is basically my short side play on the market. I've swapped to the 30 minute chart on this as I've realized that this name has far too much speed/beta to be using the 60 minute chart.


My short here is doing well. Moved the stop down a bit.


QCOM looks like it kinda broke down, but there is a downtrend that could give a buy signal. We'll see how GOOG does tomorrow, which might have some effect on the tech sector.


I still like the Ag space. A break of this little bull flag should point higher.


Everyday, I feel like I'm doing battle with this sector. It runs up, I short some, take a gain, and move my cost basis higher. Then it runs up again. Rinse and repeat. Also swapping to the 30 minute chart on this one. It just moves way too fast.


BP is forming an interesting pattern here. Could go either way, but I'm looking at it for the long side.


I'm a long term gold bug, but right now, I think its a short it if it breaks here.