Citi up 65%

Citi is now up 65% since my December buy signal.

http://mpgtrading.blogspot.com/2009/12/citi-hits-ms4.html

Rally continues but beware

The S&P continues to find support on the 8 day moving average(grey line). With Options Expiration this Friday, I'm looking for resistance @1210(yearly R1 pivot on the ES June contract) on the S&P and 12100 on the Dow Jones(12065 on the futures), and support coming in at 11800 and 1165. Beware, we are in the danger zone and we will see a reversal within 60-90 days or sooner, per last weeks chart. The market has never stayed in the danger zone(80% + stocks above their 50 dma for more than a few months. I am not looking for new long term positions up here. The best risk/reward spot to buy, is when the market does pull back to the yellow(20dma) or blue(50dma) line's an the chart above.

the Danger zone

This chart shows what percent of stocks are trading above their 40 dma. The chart also shows when the percentage gets above 80%, to look for a pullback soon. We are actually at 90%, per CNBC. I'm looking for a pullback sometime soon to test the 20 dma or 50 dma. That will be a good buying opp.

The rally continues

Sorry for the lack of updates, but nothing has changed. The indexes continue to find support on the 8dma(grey line). Continue to buy pullbacks there, until a close below it. Then look for support on the 20 dma(yellow line).

Buy buy buy!

Last Fridays sell signal was negated today when the Dow made new highs for the month. The 2010 Bradley model called for a new trend after 4 months of consolidation last Nov. 9th, thru March 1st.

We are going a lot higher in the coming months. My first target is Dow 11300 then 11800 in the next 5 months. S&P going to 1250-1275. Buy ALL dips to the 8 or 20 dma.

Bradley models ROCKS!