ZorNotes, Constructive Action

  • Posted by
  • on September 14th, 2011

From my perch things are looking a little bit better.  I’m seeing  more long set ups than I did last week and the week before.  Enough to put on some feelers (small starter positions) just to see how they perform.  We initiated a long position in $TNA (Russell 2k triple ETF) because we are seeing some constructive action underneath the surface.  If we are right and the market rebounds from here, we plan to sell the $TNA after a 3 to 4 day move and then move on to individual common stocks.  Maybe some have noticed how the market will go up for 3 to 4 days in a row and then start to consolidate;  in that consolidation is when individual common stocks really start to move higher in a HEALTHY MARKET.

By no means do we have an all clear signal here.  As of now we are 8% invested, and we might consider getting up to 25% today.  $QSII, $HANS, $ACTG, $LQDT are more than likely going to be the stocks that we are going to start feelers on.  $FRAN, $TEA, $SINA, $LULU, $REGN, $COG are on watch as well for quick trades.

 


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