CNQ short entry

CNQ looked good today as a short entry. Several other stocks caught my eye but werent quite good enough. Im still assuming the daily S&P500 resistance will hold so im only looking to short right now. Seeing more and more collapses/gap downs each new day this week.

Overall a good day of gains and now holding 4 shorts and 1 long (DBC just hasnt made me exit yet)

CVC, CLF entries

Ive been itching all week to short something since the market has been consolidating at nice resistance. CVC and CLF looked great today. There were several others that i liked but they werent good enough. Today, friday, was the first day all week that had anything to offer me. I think the drop is starting and hopefully i got in at the right time. risk/reward on these are great.

I exited DBO, it was sluggish from the start. Tiny .1% loss. I think i will avoid those specialized tracking funds from now on, kinda destroys my "reverse with the market" concept. oh yeah, im only looking for reversals when the S&P 500 might reverse. Im not going to watch any specific industries, thats too hard for me to do and fairly pointless since the S&P 500 is the average and they all correlate with its hi/lo's pretty well.

The market is consolidating on its resistance level right now. I will be looking for short entries every day until it finally drops.

Im holding DBC and CBD.

This chart, the non-stop comercials about buying gold, hearing how gold miners are buying each other out to get ready for a huge increase in gold prices, something like 40% of gold buyers right now are "investors" when normally its below 10%, its been on a decade long "rally", my mom mentioned buying gold a month ago,................seems pretty OBVIOUS TO ME that there is a very good chance of gold prices collapsing soon. Buyers will lose steam, demand will shrink, price will drop.

From now on i will watch several different industries to time my trade entries with the S/R tests in their industries. Might as well get in for a reversal if the whole group might reverse too. the more the merrier.

stopped out of CHKP today. for some reason it rallied north with the market when my other 3 stocks didnt. 4.3% loss. oh well.

much better volume today than yesterday but no new entries. Only holding DBO, DBC and CBD.

If the market tanked CBD would do great, DBO would get stopped out and DBC would have a small profit.....sounds ok i guess. The market looks like it is slowing down at resistance. im trying to think of how i could time trades with the market since i know thats a concept i should be doing but i have not touched yet...should i just look to short when market's at resistance/buy when at support? hmmmmm...