Mkt Condition Change

On Friday, Apr 10, the SPX closed above its 120 day MA. Today appears to be holding above with the day's low still not going below.

The significance is that the NASD has been above its 120 day MA so that's two indexes above. Two indexes above triggers a long ADX system. I'm cautious, however, due to the volatility so I may give it a week or two before trading the system again. It's been Nov 07 since I've had the courage to jump in. Even with the proper signals before, the volatility has regularly wiped out my positions.

Geithner's Bailout Plan Made Simple

This short video does as good a job as any of describing how Treasury Secretary Turbo Timmy Geithner's Toxic Asset Bailout Plan will work. Plus, it will make you laugh. That's a winning recipe in my book.