Life’s a Beach

Lately the trend has definitely been our friend as those that are able to lay back and relax with a long position are making nice gains.  It’s definitely hard to do sometimes with all of the noise that comes out from the media and websites, but if you trust the trend and head to the beach or somewhere quiet things are easy street.  The NHF sidebar portfolio has been taking advantage of this up move adding to our current 42% gain YTD. What a huge difference from last year at this time when we were in full crisis mode having 800 point swings in single day.  On the full post below I have a couple images one being a chart with last years key events and a long term technical chart of SPY.

click on full post for charts…….

Below is a 3 year monthly chart of SPY with slow stochastics and a 50 day moving average.  The bullet points if you cant read them on the chart:

• Its always a cold shower when you look at long term charts showing those old highs of 2007.
• As shown the volume of the rally has still been severely lacking.
• The monthly stochastics have risen to the pre collapse levels, but keep in mind with monthly stochastics we are talking long term moves and it takes a lot to roll it over
• Could the 50 Day Moving Average prove to be a major resistance point that forces the rollover? Looks like the meeting point could be around the $120 range.