Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (40361)	11/14/2012 10:16:47 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 222034

I'm watching the RUT now, and am lightly long TZA. Reason being, the SPY has already "flipped" it's weekly PSAR to downtrend, and is now looking for a bottom to reverse off of.. But the RUT has yet to flip it's PSAR to the downside.. and I think it's going to suffer as a "source of funds" to support the SPX.. IWM (RUT ETF) has a weekly PSAR flip at $77.65 area.. 50 week MA for the SPY appears to be at $136.50 area.. Violate that and it may be "katie bar the door".. Btw, Monthly SPY PSAR "Flip" is all the way down at $117, which also represents the 50 MONTH Moving Average.. But we may see more support at SPY $125.. which is the 30 Month MA.. Therefore, IMO, any rally is a selling opportunity.. Hawk