Oh! Non-market related

One of the things I need to do this weekend. The bulb in my LCD screen for my laptop went out..

Time to bring out the tech in me!
http://www.laptoprepair101.com/laptop/2007/12/09/replace-laptop-backlight-ccfl-lamp/

Stops

I might pick a direction on a stock like ILMN or oil, gold etc. Well what if I am wrong.. Happens! My entries are based on 'x' and 'y'. If these start to fail then I am out and then wait for another setup. I have taken a loss larger than I care to have again. On the flips side I have taken a gain as well,, so if the reasons I took a trade are no longer there, then I exit, loss or profit I am out.

My entry on ILMN is based on the channel and price support and over sold MACD. If we see a breakdown of Fridays price action then I will exit. NOW,, I might still hold if the overall market pulls back hard with a jump of the price of oil. To a point.. A very short point.. I also have a bullish spread on oil and bearish on an index so a pullback with an increase of oil would be just fine with me.

Chart attached.

Busy

I have been out of town a lot and busy with wife, kids and work, computer hardrive and LCD monitor failures......
I always check in on the market and swing in and out of small positions. USO being one. TWM being another. I have pulled off my RUT 640/650s for a profit. The 750/760s have been a pain this month. Got a little to greedy but I have been close to my shorts before and understand that time is on my side here.
Since we are in an election year I would not be suprised to see leaders of all the parties helping out and trying to keep oil prices down with this huge hurricane coming.

Market In A Channel.. Looks bearish for Thursday, Turned out to be Friday. News Trumps All.

Busy with life and sweating the RUT 750s...

5 weeks straight up and a nice topping tail last week. More to come this weekend.

Oh! Long CHK with a close stop.

Looking Forward with OIL (USO)

BUY BUY BUY if you ask me. Stop at $95.00 (Trade at own risk)

Looking Forward with Gold and Silver

BUY BUY BUY if you ask me! With a stop at $156 (Trade at own risk).

Looking Forward with the NDX

On the daily we are over sold and building a base or is that resistance? Use the fibs we lost the 31% fib mark and are trying to get back to it. We did hit the 23% mark and usually if we bounce off the 31% mark we are going back to 0%.

On the weekly chart we are still in an uptrend with intermediate over sold conditions. MACD is mixed which I would see a neutral.

Looking Forward with the Russell 2000

Just like the SPX we are over sold on the weekly and over bought on the daily. Notice the MACD on the weekly(In the upper reversal zone).. The RUT is also at the top of the downtrend channel. I see us heading down with a stop of 730 if I am wrong.

Looking Forward with the S&P500

Weekly chart shows over sold. Daily chart shows over bought. Bollinger Bands are squeezing the price. We should see a big move. Which way I’m not sure. We could move to the top of the channel to 1325... That I can see and the same for the short term berish side since we are over bought.