Finally seeing the lights after almost one month

As you can see from the chart below, we have slowly crawled out the dark regions.  Markets for the past week has been slowly creeping up.



via StockCharts.com
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On late Friday, I initiated two positions in my ETF account, EWD and THD with stops at 13.25 and 63.36 respectively. These are starter positions as I expect  a bit of volatility as markets has not cleanly broken out.
The chart that I use to see whether we have a clean breakout is the accumulation and distribution chart.

If you need the ThinkorSwim code for this please e-mail me on marketing1977@gmail.com, I will be glad to provide it.

The other ETF that I am interested in are CZM, TQQQ, ERX and EDC.  As usual, we will allow market to tip its hand first and then we make the move.

I am reading this book this week to understand the dark side of derivative business.