RoughDollars Best Charts - April 16, 2014 - 1816 bottom it was...

Edward Hunt Has Had Over 50 Followers Rank: 22 Followers: 60 Votes: 210 Years Member: 5 Last Update: 17 April 2014, 9:56 Categories: Trend Analysis
General Market Commentary
ETFs

April 16, 2014> At 2pm yesterday, TVIX and UVXY were a SELL, SELL,SELL, setting up a nice advancement in the $INDU which is up almost 375 points since yesterday. MIDU and TNA with nice move up. SOXL? Put up a new $INDU chart . Protect profits: 'When in doubt, give a stop a shout.' Trade well my Friend. Need some votes!!!

April 15, 2014 > 16th Amendment Day! Great day to be trading..... Market finished with an impressive $SPX 26 point rally from the 1814 bottom area. Shake out in $GOLD today or a turn for further correction?
2pm > After testing the 1814 area again, the $SPX has made a small triple bottom which looks corrective and not impulsive. Will the $VIX give a buy signal this time around? Profit taking on the TVIX....
3pm> $VIX shows top and $SPX is off to the races? Rather large bottom tail on the $NDX. Nice move up on SOXL and TNA.

April 14, 2014 > Nice bounce from the 1814 to close at 1830. Oil etf's were the big winners today. Less time on the commentaries from here. Spring is here and it is garden and mowing season time. Retirement will be included when time provides, but I will still trade the markets when opps prevail. LOL2UALL.

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Welcome new Follows! Hope you will have some good trading opportunities here. I will continue to show timely charting. A proven system is a path to wealth.

http://finviz.com/futures.ashx

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Less

! ! ! $ $ $ $INDU - 30 min Candlesticks, 1024

! ! ! $$ TVIX 30 min Candlesticks, 1024

! ! $ $ $NYSE - Channel Chart 8 mo 1 hour

! $$ Nasdaq 100 ($NDX) 1 yr daily

$$A1 $$INDU TRADE CHART 7 MO Daily Area, 1280

Building wealth should not be complicated or stressful. Lowering the risk in investing can be done with a proven system. A proven system also is a path to wealth.The use of this system can accomplish the goal.

Trade the whole market with these five ETF's. They are all bull 3x. Buy when the $VIX is at high and turns down. Remember: the $VIX is your friend.

MIDU is mid caps, bull 3x
SOXL is semiconductors, bull 3x
TNA is small caps, bull 3x
DIG or ERX is ultra oil and gas, bull 3x

$$A1 $INDU 8 mo daily area, 1024

$$A1 $SPX - 30 min Candlesticks, Custom (900X850)

$$A1 $SPX 10 min Candlesticks, Custom (900X950)

$$A1 $SPX 5 YR TRENDLINE

$$A1 $SPX S&P 500 Large Cap Index

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