Sunday, January 24, 2010

This week Watchlist

The past week we saw a big down movement in the major world indexes. The Obama's proposal to reform the banks "to big to fail" and the announcement of China's government to put limits on the activities of the banks had been the "reasons" that the media use to justify these movements.

I am bearish in the SP500 (short term), so if I buy any of this stocks (not the UUP) I will use tighten stops loss.

For this week, I have these in my watchlist. Notice that I am using the 9, 22 and 35 EMA's to follow trend.

UUP: the EMA's had confirmed the uptrend. Now I am waiting for an entry point.






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