Wednesday, July 14, 2010

Elder Force Index 13d has Moved Positive

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I'm traveling this week so I cannot write much at the present moment.

I note that the Elder Force Index, 13d, has moved positive.  This is bullish for the intermediate term and indicates we need to look at entry of long positions.  Tempering this is that although the 13d and 34d EMAs are positive, in the big picture, they are still inverted, which means we have a ways to go. 

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Trading Plan for Wednesday

Unchanged.  I continue to hold positions in UWM and QLD, as well as AAPL. 

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Regards,

pgd