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Watching the Pullback 031208

by Online Stock Trading on March 12, 2008

The Nasdaq stalled at it’s 20 day moving average.

nasdaq-031208.jpg

I’m watching the 60 minute charts for a buy signal. You can see it’s a clean pattern shaping up.

naz-60min-031208.jpg

I’ll be looking to buy the Ultra ProShares longs on the signal. QLD, DDM, SSO, UWM, and MVV are candidates.

I’ve also got USD and UYG on the radar for sector plays.

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