October 8: Last night we said it looked like the market wanted to go higher and today it did. The short term downtrend we mentioned yesterday was broken to the upside today. It will now be used as support on any corrections.1080 and 1100 will be the next resistance numbers to watch on the SPX-500. Our long positions are doing well and it is a good thing we tightened the stops on the remaining open short selections. Next week earnings will be the thing to watch. Make sure you are out of any position the day prior to its earnings announcement. Yes, the stock can shoot up but it can just as easily drop like a rock. We prefer to keep the odds in our favor and we do not consider 50/50 to be good enough.

October 7: It does look like the market wants to go higher. The SPX-500 did not get to yesterdays highs but it did close above yesterdays close and once again closed right on resistance. We mentioned in this past weekends commentary that it was too early to predict the direction of the next move, so far the market is telling us the next move is a continuation to the upside. It may still be too early to predict as the short term down trend has not been broken, but all signs are pointing in that direction. That is good for our long positions and not so good for our short positions. Individual stocks do move independently of the market so we will keep our stops tight and see where they take us. We will void the pending short selections tonight as we do not want to enter any more short positions at this time. We did enter a short position in ORLY today.

October 6: The SPX-500 moved up today ending the day right on resistance. We should find out this week if it is going higher or if it will turn back down and retest the 1040 or even the 1018 area. There is a downward trend that started on September 23 and it will need to move and close above it for us to declare a continuation of the up trend.

October 5: The market started up from the open and never looked back today. It did close right on resistance so the jury is still out. We will find out soon if this is a move up or just a quick bounce then sideways for rest of week. We entered a couple of long positions today and we got stopped out of one short position. The market appears to be very nervous and will probably continue to be that way the rest of the month as every one is afraid of its history.

October 02: Our swing selections for this week:

Long: BBT, CIM, AUY, GGB

Short: ORLY, TRW (Watching TIBX)

Still Open - Short: ACM, CE, UTX,

Oct. 9: Raise stop to 26.29

Oct. 8: Keep stop in place.

Oct. 7: Keep stop in place.

Oct. 6: Keep stop in place.

Oct. 5: This long position in BBT is now open. Keep stop in place.

Oct. 8: Stopped today at 26.09 for a whopping .04 gain.

Oct. 7: Lower stop to 26.09. ACM is still sitting below the break area however we did not like the way it acted today and with the market moving up we prefer to be out of this trade.

Oct. 6: Keep stop in place.

Oct. 5: This short position in ACM is now open. Keep stop in place.

Oct. 2: No entry. The entry trigger price is still valid.

Oct. 1: No entry.

Sept. 30: No entry.

Sept. 29. No entry.

Sept. 28: No entry.

Oct. 6: Stopped at 24.53 a .66 loss -2.76%

Oct. 5: Keep stop in place.

Oct. 2: This short position in CE is now open. Keep stop in place

Oct. 1: No entry.

Sept. 30: No entry

Sept. 29. No entry.

Sept. 28: No entry.

Oct. 5: Stopped at 60.03 A +.41 gain or+ .06%

Oct. 2: Lower stop to 60.03.

Oct. 1: Lower stop to 61.03

Sept. 30: This short position in UTX is now open. Keep stop in place.

Sept. 29: No entry.

Sept. 28: No entry.

Oct. 9: Keep stop in place.

Oct. 8: Keep stop in place.

Oct. 7: Keep stop in place.

Oct. 6: Keep stop in place.

Oct. 5: This long poistion in CIM is now open. raise stop to 3.87.

Oct. 9: Stopped at 12.19 for a nice 1.19 gain or +10.81%

Oct. 8: Reached our target. Tighten stop to 12.19.

Oct. 7: Keep stop in place.

Oct. 6:This long position is now open in at 11.00. Raise stop to 10.77

Oct. 5:No entry.

Oct. 9: Keep stop in place.

Oct. 8: This long trade in TIBX is now open. Place stop at 9.57. Just a couple of cents below todays low.

Oct. 7: Still no entry.

Oct. 6: No entry.

Oct.5: No entry.

Oct. 2: No entry. Entry trigger still valid.

Oct. 1: No entry.

Sept. 30: No entry.

Sept. 29: No entry.

Sept. 28: No entry.

Oct. 9: Lower stop to 34.86.

Oct. 8: We are keeping the stop very tight lower to 35.13

Oct. 7: This short position in ORLY is now open. Keep stop in place.

Oct 6: No entry.

Oct. 5: No entry

Oct. 7: This short selection is now void.

Oct. 6: No entry.

Oct. 5: No entry

Oct. 9: Keep stop in place.

Oct. 8: Nice move raise stop to 14.77. This position is very close to our target. Remember to sell half if it hits our target. You can place a limit order with your broker at 15.00 for half your shares and a stop loss order at 14.77 for the other half.

Oct. 7: Keep stop in place.

Oct. 6: Raise stop to 13.97.

Oct. 5: This long position in GGB is now open. Raise stop to 13.54.

Oct. 7: Stopped at 10.19 for -.28 or -2.67%

Oct. 6: We didn't like todays gap down and bearish move. Raise stop to 10.19.

Oct. 5: Keep stop in place.

Oct. 2: This long position in GOL is now open. Raise stop to 10.03.

Oct. 1: No entry.

Sept. 30: No entry.

Sept. 29: No entry

Sept. 28: No entry