Not sure I should give anyone my thought as I have been mostly in cash but have taken some short plays through ETFs and options. Needless to say not good trading at this point. I did look up Schwabs ratings on the WFT and they gave it an "F" however not sure what the pricing was when you were looking at it. It has done well the past week or so and given what I see it should do well in the short run.
I don't understand what I am seeing in IBD. They say we are in an uptrend which I agree but the stocks in the "20" and "100" boxes mostly have D and E so how can that be good.
Those of you who bought the drillers after our last meeting should be looking good.
I still do not like the market. It has been up a low volume and poor leadership. It should be all about the fundamentals however people still are subscribing to "less bad is good" and seeing what they want to see. Saying all that, the trend overall is UP and as they say "the trend is your friend".
Conclusion: I don't like the market but the tend is your friend. There, I can't be wrong.

Trading Services

Ray:

I amswering your question in a new post rather than commenting on your post as did the Salmons.

No, I don't subscribe to any of the services you mentioned. As you know, I am a big fan of TOS (and related companies) and am considering subscribing to ShadowTraderPro Swing Trader, a daily newsletter service delivered by none other than thinkorswim's Chief Technical Strategist and ShadowTrader broadcast moderator, Peter Reznicek (the guy you can listen to (and watch) during the trading day at the ShadowTrader "Chat Room" at TOS. Check out http://shadowtrader.net for a full description of the $20/Mo newsletter as well as other free stuff. Finally, I get a free daily newsletter called "Market Plot" from another of TOS's companies "redoption." you can get it too at http://www.redoption.com/resources.php

Chatty bunch. Has anyone subscribed to Vector Vest, ETFguide.com, Trending123.com or any other paid services. If so what is your thoughts on the service, Ray

checking in

I will check the blog daily. I like to have a fresh point of view on where the market is going. I recently read an article in IBD and a person who runs a mutual fund was quoted. I followed up and found he writes a weekly market comment on his site. He hedges his investments so in some ways he has no strong bias on which way the market goes. It is updated each Monday and I have found it refreshing as compared to all the talking heads on TV talking their book. Check it out at hussmanfunds.com. Middle of the page under "Weekly Market comment". Ray Johnson