Looking Further

We have quite busy with our job (thankfully) and our trading has been on the backburner since late september. Our PF like the market has done nothing since then.

We don't know if we will be able to update our blogs so often, but we will update the list of stocks to watch and their direction on the right hand side of the blog. Our lottery longs and the picks posted previously have been absolute rockers (well! which stock hasn't been) but in any case, we will post an occassional blog here and there besides our picks.

We have said this before - when the biggest defensive names (XOM, WMT, CLX etc.) fall, the bear market is over. Similarly, when the biggest defensive names rally the bull market is over. XOM, CLX have obliged, WMT doesn't seem to have yet.

As of now, our cycle turn comes in on novemeber 10th. The market has essentially gone nowhere since Sep 9th. We think there maybe another push into that nov 10th timeframe, probably to 50% fib (1120 SPX ) retrace and most likely slightly over (1140-50?).