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.
“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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