Friday, November 2, 2012

November stats

Per the Stock Traders Almanac, November is the #2 best month of the year for the stock market. During Presidential Election years, November is the #1 best month.
Also late October has been a good time to buy beaten down tech stocks! Apple needs to hold the 200dma. Open gap 585.

These are not long term trades!!! I still feel we could crash and burn in 2013 if we fail to make a new all time high of 1576+. This rally could run into  December Quad opex(12/21). S&P 1530(yearly R2 pivot point) is my target. At Dec Quad Opex(12/21) I want to go short going into the end of the year. Next major Bradley Model turn date 12/22/2012.

12/21/2012 is also the end of the Mayan long count calendar. Not the end of the world.