Movies and Money

Two down days now. So, question is, is the "rally" over? Ohh, I think if we use such terms, then yes, last weeks rally may be over. IBD claims we are still in a confirmed rally. That may be optimistic with the amount of volume Friday, only the market really knows. As for me, I also am optimistic. I imagine we could still have some more down time, but I am staying confident in bullish swing trades for now, of course holding all rights to take back my opinion at any time and sell, sell, sell.

More and more across the landscape of blogs, analysts, TV freaks and a lot of people that actually know what their talking about we are hearing the term "swing trade" more and more. For anyone who may not know what that means, it's expressing a little, mind you just a little, bullish confidence. Swing trades just mean holding a stock for more than 13 minutes, anywhere from overnight to several days or even weeks.

As for me, I'm still holding UNH, which had a rough couple days but still a little room before I give it up. UCO, my favorite oil play. Lately UCO has been pretty much following /CL almost click for click. Still long there and still holding NFLX, (chart posted below) which finally broke out last week. I bought NFLX near the end of Jan. The charts looked good, earning were great and the company is exceptional. I subscribed right before I bought the stock and was thoroughly impressed with the process. Long SPY too. If the SPX can claw, or better yet, "shoot" back above 780, I'll be in good shape.



Flys ( ibankcoin.com ) PPT is the best trading tool I have come across out there. The tools in my
arsenal are PPT, IBD and all the great services of TOS.
Very cool house.