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could be volatile today.

http://stockcharts.com/h-sc/ui?s=$VIX&p=DAILY&b=5&g=0&id=p92951709282

will market bounce or slice through 50 day?

many stocks went parabolic and topped out. usually that means a big correction is ahead. so far, not a very good bounce off the 50 day so far. we'll see.

not many good stocks at this level.

http://stockcharts.com/h-sc/ui?s=$COMPQ&p=DAILY&b=5&g=0&id=p84718256638

Investor's Business Daily says uptrend is under pressure.

Not looking good. will they break to the downside?

HOV

http://stockcharts.com/h-sc/ui?s=HOV&p=DAILY&b=5&g=0&id=p46813915263

TOL
http://stockcharts.com/h-sc/ui?s=TOL&p=D&b=5&g=0&id=p46813915263

LEN
http://stockcharts.com/h-sc/ui?s=LEN&p=D&b=5&g=0&id=p46813915263

LVS, PALM, STEC, RIMM were market leaders that have topped out.

INTC-looked awkward yesterday.

GS, AAPL, BIDU seem a bit off too.

any ideas if there are others that have hit their peak?

Alcoa reports after the bell.

Google monster is next week

Are you ready to sell the rally?

Or will you be buying a potential dip?

according to Etrade CEO, daytraders are back. this usually means greed has returned and fear has subsided. if you turn on CNBC you can see a lot of speculative under $5 stocks scrolling across the bottom of the screen. daytraders are probably driving volume on these names.

one should have money on the sideline for shakeouts. funds can make serious money shaking these guys out. with daytraders around, it's easy to shake them out and make money off of them.

chart is interesting here.

http://stockcharts.com/h-sc/ui?s=C&p=DAILY&b=5&g=0&id=p85033167814

the media has been all over the trade that the US Dollar is going lower. just because it is a crowded trade does not make it wrong. sometimes junk is overvalued in the market. you just have to adjust your timing.

Well, the timing looks pretty good now to make your bets long commodities and dollar short. place your stops. price and time stops can be used. if the move doesn't pan out, you are out.

the risk is low and the reward is very high. the dollar moves slow enough to cause little dam…

I got this chart from Minyanville.

compared to 1929 our markets are about in the April time cycle of 1930. we had approximately the same percentage move in about the same number of days as back then.

the market would fall apart fairly soon if this market is on the same track as 1930.

not sure if it will happen of course. just an observation.

use good money management as always

http://image.minyanville.com/assets/FCK_May2009/File/Theal/0709/theal1929.png