Enlarge any chart by clicking on it.

Unless otherwise specified, ALWAYS use the 15min chart to enter my recommended plays because
CONFIRMATION is a MUST.
In other words, you need to see a 15min candlestick that CLOSES beyond
the entry point, then enter when it moves 10cents after the high/low of that candlestick.

Monday, March 19, 2012

USO(CRUDE), AAPL, SPX

Big and fast drops coming to the market soon. Avoid holding long positions starting on Wednesday except with very tight stop or for daytrading. Can also buy Call protection e.g VIX, VXX, SDS etc. Before you realize what is happening the major drop will be over and the market will start trying to heal itself because it will be a significant drop in a very short time. Be very careful playing the upside.

USO-DAILY

AAPL

SPX-DAILY LONGER TIMEFRAME

SPX-DAILY LINE

SPX-DAILY I

SPX-DAILY II

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN