Twitter Updates for 2009-01-14

closed long $USO @ 31.79 #
looking for support on $USO around 31.50, looks like it may continue retracement — barely holding at ST trendline #
Early gains are falling off. A break of about 31.30 would be a concern for bulls on ST #
$USO consolidating… not convinced of a direction, but the trend is still up on the ST #
long $USO @ 31.39 — Scalp trade #
entering midday drift #
$TICK and $TRIN showing weakness (minimal) #
$USO trade correct. Resistance in the 31.80 area #
$USO congestion in the 31.5x range will it hold as support? #
Held $USO too long. inital break up was point to sell. #
$USO breakdown – flat #
$USO breakdown is inline with overall global recession. Also inline technically. Watch for knives. #
$SRS on my horizon #
sitting flat… #
market seems stuck. $SPX holding 860 level but can’t break 87.x #
well this was fun… this market is confused, oh maybe that’s me! #
Plan to take a good look at retailers, financials, and restaurants for potential shorts #
oh and anything related to commercial real estate (only concern is bailout money for the industry) #
The Great Hope — 2009 tagline! #

Trevor Gauntlett