Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Saturday, July 24, 2010

Weekend update...

In the short term investment section, I'm adding a limit buy order on FAS the 3x leveraged longside financial ETF. I don't like its technical analysis setup where it is but it's obvious that they are trying to force this one up even though the chart is somewhat broken.

In the swing trade section, I'm going ahead into GOOG late. I could kick myself for missing its early entry point that I mentioned I missed on Tuesday but since then, some stronger technical signals have developed that leads me to go ahead and place a limit order at 491.00 just above where its at now.


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