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Markets in a short term downtrend now as S&P falls below its daily 50MA. Just have to wait and see how long this pullback lasts. I'm still in XOP and will look at TLT, and maybe SH tomorrow.
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“Happiness is mostly a by-product of doing what makes us feel fulfilled.” ~ Benjamin Spock
Markets pulled back some today and struggling to uptrend again. I bought XOP this morning on a pennant breakout and sold half in afternoon for a +2.49% profit. Going to let the other half ride, but moved stop up break-even (see chart below). Watch list for 4/30/15: MOO, IBB, FDN, TLT See Charts  "Don't just count your years, make your years count." - George Meredith
Markets had a very volatile day as S&P moved over 1% from its high to low. The good thing is that it closed above the upper trend line I posted yesterday, so we'll need to follow through tomorrow. We are still in a short term uptrend since the S&P daily 2EMA remains above the 5EMA. My IYR stopped out on me this morning for -.53%. My watch list for 4/29/15: XOP, XLE, XLI, KRE, TAN, VTI, MDY See Charts
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April 2018
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