Friday, February 05, 2010

Position Update

We took a lot off but have at least some shares left in all our positions -- posted real-time in our Twitter acct and blog.

Here is the Performance near close since the buys 2 hours ago (The % movement on symbolic 1 share each):

As we wrote yesterday and today we were looking for gold/copper to bottom before anything else -- that is exactly what happened this afternoon as SPY made a new low but gold and copper held.

Also another bullish tell was that everything was not going down the hole as tech was holding strong all day.

Looking for divergences is key to our trading and to reading price action in general.