Wednesday, May 27, 2009

MARKET COMMENTARY (5-26-09)

The market is still in consolidation, so there isn't much to talk about.

Although this is a descending triangle, I believe it will breakout to the upside and allow the SPX to reach the 200-day MA. I am 95% long, mostly focused on the bio/pharm and oil/gas sectors. I will make additional purchases, mainly in the oil/gas sector to balance out my exposure to bio/pharm.

Up +147% YTD 2009.



1 comment:

Daniel said...

How could one follow your trades? I'd be happy just to get 1/3rd of your YTD.