Friday, May 22, 2009

Happy long weekend

Stocks are definitely not everything in our life. With your family and friends, enjoy the holiday!

The Pivot Trend System indicates a bounce early next week unless XLF closes below $11.39. I am holding long positions URE into next week.

I only traded 4 times in this week. 3 out of them are with +4.6%, +6% and -1.2% gain/loss, while the other one (URE) remains open. See my performance panel on the right.

I still keep my intermediate view of this market which is a 2-3 month "correction" is on the way. [first target: SPX SMA(50)]

Good luck!

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