Thursday Update

The RUT and Real Estate continue to show strength, and Energy continues on a Long/Buy Alert.  On the other hand, the SPX, DOW, QQQ, Finance, Gold and Silver remain weak and short according to the System.

The NYMO did not close below its lower BB today and has yet to turn up, so no buy signal yet.  

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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2 Responses to Thursday Update

  1. Tony D says:

    ProShares added a pair of products designed for investors looking to bet on the short term performance of the often volatile financial sector today. Two new ETFs, the ProShares UltraPro Financials (FINU – News) and ProShares UltraPro Short Financials (FINZ – News) will offer 300% daily leveraged exposure to the Dow Jones U.S. Financials Index, a benchmark that consists of large banking institutions.

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