GS, RIG (Sept 24, 2009)

I have been busy trading the indexes lately, as mentioned when you are at such high levels in the S&P...you cannot afford to be complacent. Trust me, I have gone through more than 100 charts and I did not like the overbought conditions at all. So I played safe by playing the SPY....

Back by popular demand, here are couple ideas for this OpEx....all can change if the market gets too bearish....

GS is a buy if it ever hits 175, usually my forecast for GS never works...will see this time.


Watch out for buy signals if RIG hits 80, I misplaced the calculations so will do with just the chart.