Below you'll find the complete archive of each M48 Bulletin delivered to our M48 clients for the month of May 2009. All of them also include a hyperlink to the trading video for that particular day so you can see, and listen, first hand to Doug's illuminating commentary on his positions in the different markets and symbols he closely watches of the different exchanges, including individual stocks and exchange traded funds (EFT's). Each M48 Bulletin is time stamped for easy viewing and tracking of past performance! As a courtesy to our vast subscriber base to the M48 Bulletin we keep a 30 day delay on all M48 Bulletins before making them public on our site. Subscribe Today to the M48 Bulletin newsletter to ensure you don't miss out on timely, critical trade recommendations sent to your e-mail inbox 3-5 times a week, including a screen captured trading video where Doug explains in close detail how, and why, he does his trades. In these uncertain times can you really afford NOT Subscribing to the M48 Bulletin?   Time Stamped » 3:21 PM 5/1/2009 PST   Close above 875 with low volume... With two minutes until the close stocks jumped higher in a mostly sideways session Friday. The energy issues finished with decent gains. Banks and home-builders closed lower. So what's our next move on our S&P position(s)? We will slowly increase our percentage long by 10% next week provided volume picks up. Our target to add was a close above 875 on the SPX (S&P cash). We failed to close above 875 on Wednesday and Thursday. Today we closed at 877 with a two minute push into the close. When price increases and volume slows this often signals a short term top. Hence, the reason for caution before we add (see video). Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SPY 75.64 45% 83.21 on half and mental on rest 50%. 87.89 With two minutes until the close we finished above 875 on the S&P at 877.52. We will increase our percentage long by another 10% early next week. My concern is the lack of volume (see video.) AAPL 112.64 5% 118.49 on 50% and 121.66 on rest. 127.48 Do not initiate a new trade. Looking for a pullback to 120 if you missed this one. GLD 89.73 5% 84.66 86.95 GLD remains on shakey gound. A close above 91.38 and we will increase the size. USO 28.46 5% 26.37 29.66 A good day with a close above the 50 day. SSO 20.19 5% 19.17 on half and mental on rest 50% 23.97 We will add to this once the market pulls in. Looking for a deeper pullback. DLTR 43.13 N/A 41.66 43.04 We were stopped out for a small loss. DBA Watching. N/A N/A 26.11 I'd like to see it pull in next week before we add it to the M48. MDAS 16.11 N/A 15.39 16.27 We were stopped out yesterday. This is why we seldom use small caps due to lack of volume. MSFT 19.72 5% 18.38 20.24 Softy may fill the gap between 18.98 and 19.52. Stopped is parked below gap. TBT 47.91 5% 45.47 50.17 This is our short bond play. Looking for it potentially reach 55 which is resistance. Bonds continue to look like they want to go lower. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 4:41 PM 5/4/2009 PST   Increased Price w/ Increased Volume... Tomorrow we will start adding to our SPY position. Technically, 95 is the next resistance with 110 being the top end of the range. How and when we will get there would be a guess. Volume picked up nicely today which is what we were waiting on. Should we sell in May and go away? No, but let's be disciplined to lock in profit so when we short this market we have the necessary capital to do so. Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SLV Watching. N/A N/A 12.83 I like the SLV (silver) chart better than GLD. We've been profitable in this before. Buy on a close above 13. URE Watching. N/A 3.49 4.16 Ultra real estate ETF with resistance at 5.00. Huge volume today. Pick up 5% tomorrow but don't pay more than 4.33. SPY 75.64 45% 83.21 on half and mental on rest 50%. 90.88 Today's volume increased w/ price. Get to 65% long the S&P with the SPY and SSO. AAPL 112.64 5% 118.49 on 50% and 121.66 on rest. 132.07 Resistance is at 140 if it makes it. Do not initiate a new trade. Looking for a pullback to 120 if you missed this one. GLD 89.73 5% 84.66 88.64 Tough chart because it's sitting right on the trend line. Do not initiate a new position. I like silver better. USO 28.46 5% 28.79 30.56 Another good day. Moved stop above entry point. SSO 20.19 5% 19.17 on half and mental on rest 50% 25.56 We will add to this once the market pulls in. Looking for a deeper pullback. XLF 11.15 5% 10.28 11.73 Resistance just ahead at 12.00. If it gets through 12 it has a shot at 14.00. Big volume today ahead of stress test on the 7th. DBA Watching. N/A N/A 25.87 It pulled in today. Watching closely for potential purchase this week. MSFT 19.72 5% 18.38 20.19 Close lower today. Softy may fill the gap between 18.98 and 19.52. Stopped is parked below gap. TBT 47.91 5% 45.47 49.83 This is our short bond play. Looking for it potentially reach 55 which is resistance. Bonds continue to look like they want to go lower. Pulled in on lighter volume today. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 2:47 PM 5/5/2009 PST   Getting To Scratch... The S&P is slowly clawing its way back to break even. All this way from the March 9th lows and the Buy & Hold crowd is still not quite to break even. Anyway, tomorrow ADP Employment comes out well before the open. CSCO will announce tomorrow as well. Continue to add to your SPY position (hopefully on weakness) so you are at 65% by the end of the week. Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment SLV Watching. N/A N/A 13.14 I will get long tomorrow (purchasing 5% tomorrow with a market order.) I like the SLV (silver) chart better than GLD. We've been profitable in this before. URE 3.97 5% 3.49 3.87 Ultra real estate ETF with resistance at 5.00. Low volume today on down day which is good. SPY 75.64 60% 83.21 on half and mental on rest 50%. 90.57 Held up well today. Get to 65% long the S&P with the SPY and SSO. Added today in the managed accounts. AAPL 112.64 5% 118.49 on 50% and 121.66 on rest. 132.71 Do not initiate a new trade now if you missed it. Looking for a pullback to 120. GLD 89.73 5% 86.66 88.25 Move stop up tomorrow to 86.66 or sell it on a mental stop if we close below 86.66. Do not initiate a new position. I like silver better. USO 28.46 5% 28.79 30.15 Low volume with very little selling today. SSO 20.19 5% 19.17 on half and mental on rest 50% 25.35 We will add to this once the market pulls in. Looking for a deeper pullback. XLF 11.15 5% 10.28 11.56 Resistance just ahead at 12.00. If it gets through 12 it has a shot at 14.00. Lower volume today on minor pullback. DBA Watching. N/A N/A 25.72 Will buy with a close above 26. MSFT 19.72 5% 18.38 19.79 Shooting for the downside gap. Close lower today. Softy may fill the gap between 18.98 and 19.52. Stop is parked below gap. TBT 47.91 5% 45.47 49.89 You can buy below 50. Looking for it to potentially reach 55 which is resistance. Bonds continue to look like they want to go lower. Pulled in on lighter volume today. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 3:51 PM 5/6/2009 PST   The Charts And Nothing But The Charts... For those who trade off the news the charts have proved yet again that the reaction to the news is more important than the news itself. Continue to move up your stops per my table below. As the market strengthens you will notice more positions in the table for two (2) reasons: With market strength typically more leading stocks and ETF's show up in more sectors. It's also important not to chase extended stocks or ETF's and therefore for the new subscribers we are always searching for new positions that are just breaking out. We will short this market in '09. You can count on it. Over and out! Stock/ETF Approx. Buy Point % of M48   Stop   Closing Price Comment TSO Watching. N/A N/A 18.45 Looking for the refiner to pull in before we pull the trigger. Too far extended from breakout on a daily chart. VLO Buy below 23.05 5% 20.88 22.65 I like this energy play as it broke out above 22 today. Buy 5% under 23.05 tomorrow and set your stop @ 20.88 GDX Buy below 37.00 5% 34.16 36.85 The Gold miners chart looks good. Give it some room on the stop especially since it makes up such a small percentage. SLV 13.53 5% 12.32 13.52 Will mostly likely fill the gap to the downside first. Needs to hold and bounce off 13. URE 3.97 5% 3.49 4.15 Ultra real estate ETF with resistance at 5.00. Good volume on an up day. SPY 75.64 60% 83.21 on half and mental on rest 50%. 92.14 95 is in sight. Get to 65% long the S&P with the SPY and SSO. AAPL 112.64 5% 131.00 on half and put a stop five percent above your purchase price on the other half. 132.50 Do not initiate a new trade. Looking for a pullback to 120 if you missed this one. If you're in we will look to take some profit at 140 if you are not using a tight stop. GLD 89.73 5% 86.66 89.54 This has been an interesting ride. A close above 90 with volume would increase the probability of an extended move. USO 28.46 5% 28.79 31.43 Good move today with decent volume. SSO 20.19 5% 20.50 on half and mental on rest 50% 26.21 30 is in sight. A rest for a few days would increase the odds. We will add to this once the market pulls in. Looking for a deeper pullback. XLF 11.15 5% 10.83 12.48 Broke through 12. 14 is in the cards provided it holds 10.88 DBA Buy below 26.50 5% 24.66 26.05 Got our close above 26 today - time to jump in! MSFT 19.72 5% 18.38 19.79 Waiting for the gap to be filled. TBT 47.91 5% 45.47 50.11 You can still buy at these levels until further notice. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 3:12 PM 5/7/2009 PST   Techs Lead The Market Down w/ Volume... The results are out on the stress test and the Government's test revealed that 10 financial institutions have been ordered to raise $74 billion over the next seven months. So now what? If we break 900 over the next week then we want to make sure we hold the trend line just below 890. If we bouce off the trend line we will add. If we break it, we will lighten up to lock in profit. Tomorrow should be an interesting day with employment numbers and the market's reaction to the stress test. Stock/ ETF Approx. Buy Point % of Your Portfolio   Stop   Closing Price Comment TSO Watching. N/A N/A 16.45 Pulled in big today. Needs to hold 16 and bounce. VLO 22.60 5% 20.88 21.87 Up big this morning and closed lower. GDX 36.74 5% 34.16 36.55 Possible market weakness may give this its boost. SLV 13.53 5% 12.32 13.60 Did not fill lower gap yet. URE 3.97 5% 3.49 3.63 Increased volume with selling today. That's not good. SPY 75.64 60% 83.21 on half and mental on rest 50%. 90.86 Today might be the start of some selling especially if we close below 90. Still holding trend line though. (see video). AAPL 112.64 5% 124.66/ 118.78 129.06 Do not initiate a new trade. Looking for a pullback to 120 if you missed this one. Your stop should be 124.66 on half of your position if you didn't sell half today at 131 based on yesterday's post. The balance should be 118.78 GLD 89.73 5% 86.86 89.44 Close lower but still above trend line. USO 28.46 5% 31.29/ 28.84 31.49 Some expected profit taking today. Split your stop with a stop on half at 31.29 and 28.84 SSO 20.19 5% 23.55 on half and mental on rest 50% 25.59 30 is in sight. A rest for a few days would increase the odds. We will add to this once the market pulls in. Looking for a deeper pullback. Tighten your stop. XLF 11.15 5% 11.44 12.12 Stress test. Tighten your stop. DBA Buy below 26.50 5% 24.86 26.16 Closed above 26 - Watching... MSFT 19.72 5% 18.38 19.32 Gap has been filled. Increases probability of a bounce off of 19.00 TBT 47.91 5% 49.17/ 47.04 52.41 Big move today. Don't add until you see it here. Split your stop. Set stop at 49.17 on half and the balance 50% at 47.04 Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 3:58 PM 5/8/2009 PST   This Week We've Added to the S&P, Metals and Energy... The S&P and the Dow are still showing technical signs of strength while the NASDAQ looks to be stalling. Investor sentiment is high but not quite an extreme yet. When investment sentiment reaches an extreme the market typically has hit a temporary top. It works the same when everyone throws in the towel, we then begin to buy based on technical confirmation. You guys know by now that these markets are based on emotions and nothing but emotions. The news (good or bad) in itself is meaningless. It's the reaction (emotion) to the news that counts. Thankfully those emotions (reactions) plot themselves on a chart to give us our edge. Always remember that the fear of missing out is often greater than the fear of loss. Hence, the reason markets become overbought and oversold due to the average investor buying at the top and selling at the bottom. But not us: We forget the noise and watch the charts! Stock/ ETF Approx. Buy Point % of Your Portfolio   Stop   Closing Price Comment TSO Watching. N/A N/A 16.72 Held 16. Let it play out a little next week. VLO 22.60 5% 20.88 23.30 Closed above 22 which is good. You can still buy this. GDX 36.74 5% 34.16 37.46 Still good to buy here. SLV 13.53 5% 12.32 13.79 Metals continue to move... URE 3.97 5% 3.49 4.16 Wow! Recovered nicely with bigger volume. SPY 75.64 60% 88.38 on 25% and mental on rest 75%. 92.98 Ride her 'til she bucks (see video.) Move stop on 25% of your position to 88.38. Mental stop on rest 75% AAPL 112.64 5% 124.66/ 118.78 129.19 Do not initiate a new trade. Looking for a pullback to 120 if you missed this one. Your stop should be 124.66 on half and then 118.78 on rest 50% GLD 89.73 5% 86.86 89.98 A close above 90.34 would help (see video.) USO 28.46 5% 31.29/ 28.84 32.49 Low volume today finishing up. SSO 20.19 5% 23.55 on half and mental on rest 50% 26.73 30 is in sight. A rest for a few days would increase the odds. We will add to this once the market pulls in. Looking for a deeper pullback. XLF 11.15 5% 11.44 13.02 So much for the after the fact stress test. DBA 26.50 5% 24.86 26.73 Hit our buy point today. You can still add this one. MSFT 19.72 5% 18.38 19.42 Need to hold 19 and get a close above 21 to add. The NASDAQ may sell off next week. TBT 47.91 5% 49.17/ 47.04 52.41 You can still add but don't load up. Just 5% for now. Split your stops 50/50: 49.17 and 47.04 Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 6:03 PM 5/11/2009 PST   Lower Volume Selling... The NASDAQ actually had the best day of the three for the first time in a week even though it closed again below the 200 day moving average. The SPY and SSO are still above the lower trend line in our channel as depicted in today's video. Is this the start of a move down or just another soft volume drop in a "V" shaped bottom? The answer is that it's too early to tell. A couple more down days with heavy volume might get us to sit up in our seat to lock in some profit. F (Ford) down in after-hours may increase selling pressure in the morning. Stock/ ETF Approx. Buy Point % of Your Portfolio   Stop   Closing Price Comment SKF Watching N/A N/A 42.86 Short the financials. Watch the video. DBC Watching N/A N/A 21.62 Looking for more sideways chop. TSO Watching N/A N/A 16.31 Bounced off the 18 day. Now it would have to get to the 19 area before we pull the trigger. VLO 22.60 5% 20.88 21.81 Weak today on average volume. Keep stop in place. GDX 36.74 5% 34.16 37.31 Close in the middle of today's range. Still good to buy here. SLV 13.53 5% 12.32 13.74 Let's see if it holds the gap just below 13.50 URE 3.97 5% 3.49 3.86 The bad news is it dropped today. The good news is that the volume was light. SPY 75.64 60% 88.38 on 25% and mental on rest 75%. 91.24 Selling today on low volume which is good. Still in the channel (see video.) AAPL 112.64 5% 126.06/ 118.78 129.57 Tighten up your stop on half of your position. Looking for a pullback to 120, so do not initiate a new trade if you missed this one. GLD 89.73 5% 86.86 89.69 Still the same. A close above 90.34 would help. USO 28.46 5% 31.29/ 28.84 32.29 Held up today. I'd like to see heavier volume on the up days. SSO 20.19 5% 23.55 on half and mental on rest 50% 25.73 Still holding trend line. A rest for a few days would increase the odds of it making it to 29 or 30 before we plunge. We will add to this once the market pulls in. Looking for a deeper pullback. XLF 11.15 5% 11.44 12.26 Low volume profit taking today. DBA 26.50 5% 24.86 26.68 Still looks good especially if we hit and bounce once off of 26. MSFT 19.72 5% 18.38 19.32 Still needs to hold 19. Bond offering may cause technical damage. TBT 47.91 5% 49.17/ 47.04 50.80 Let's see if it holds 50. Some profit taking today on decent volume. Can it fill the gap around 55? Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 5:43 PM 5/12/2009 PST   Trend Line To The Penny... Volume was heavier today in the major indices. The trend line on the Dow and S&P held perfectly (see video.) The NASDAQ trend line is broken. We continue to move stops on the equities and roll into commodities with freed up capital. The bulls are still in control as of today. Stock/ ETF Approx. Buy Point % of Your Portfolio   Stop   Closing Price Comment WMT Watching N/A N/A 50.90 Looking for a close above 51.40. POT < 100 5% 92.47 100.87 Another way to play the aggs. Buy it below 100. MOS < 50 5% 42.44 47.67 A gap between 53 and 61. Buy below 50. SKF Watching N/A N/A 44.48 Closely watching this short financial play. DBC < 21.90 5% 20.11 21.84 I like commodities this summer. TSO Watching N/A N/A 16.16 We will remove this from the watch list with a close below 16. VLO 22.60 5% 20.88 20.86 Stopped out today even though crude held up. GDX 36.74 5% 34.16 38.96 Good move with good volume (see video.) SLV 13.53 5% 12.89 14.02 Moved stop up. URE 3.97 5% 3.49 3.60 Missed getting stopped out again by 1 cent. SPY 75.64 60% 88.38 on 25% and mental on rest 75%. 90.37 Kissed the trend line and bounced (see video.) AAPL 112.64 5% 126.06/ 118.78 124.42 You should only have half your position remaining because you bagged a profit between 126 and 131. GLD 89.73 5-8% 86.86 90.37 We got the close above 90.34 that we were looking for. You can increase to 8% of your tradable money. USO 28.46 5% 31.29/ 28.84 32.63 Held up again today. Make sure your stops are split 50/50. SSO 20.19 5% 23.55 on half and mental on rest 50% 25.49 Still holding trend line. A rest for a few days would increase the odds of it making it to 29 or 30 before we plunge. We will add to this once the market pulls in. Looking for a deeper pullback. XLF 11.15 5% 11.54 12.00 Moved stop up slightly. DBA 26.50 5% 24.86 26.84 If you don't own this play the aggs with MOS or POT. MSFT 19.72 5% 19.13 19.89 It bounced off of 19. Move stop up. TBT 47.91 5% 49.17/ 47.04 50.34 Let's see if it holds 50 before we at new money at this time. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 4:44 PM 5/14/2009 PST   Protecting Some Profit... A little bounce today on light volume. But yesterday we broke the trend line on the SPY (see video.) We continue to keep our stops in place on 25% of our S&P positions. I do not want to use stops on our entire position because I believe based on what I see technically that the March lows will hold. However, I remain confident that we will be able to buy back in at lower levels. How much lower would be a guess. Hence, the reason for not stopping the entire position at this time. Additionally we may hedge soon with some shorts on the NASDAQ using the QID and the S&P using the SDS. These short plays are listed in the table below. Option expiration tomorrow Friday should bring volatility. Stock/ ETF Approx. Buy Point % of Your Portfolio   Stop   Closing Price Comment KO 44-46 5% 41.77 44.90 Nice chart with decent volume. Buy between 44 and 46. SDS Watching N/A N/A 60.40 Short the S&P. Want to see it pull in and hold. QID Watching N/A N/A 38.93 Short the NASDAQ. This actually looks pretty good. It's just a bit extended here (see video.) POT < 100 5% 92.47 107.93 Don't chase it. Wait for it to pull in, and if it does, you'll see it here. MOS < 50 5% 43.44 50.33 Closed above 50 today. SKF Watching N/A N/A 45.89 Watching the chart for a higher probability pattern. DBC < 21.90 5% 20.11 21.73 Small position due to white space below (see video.) TSO Watching N/A N/A 17.21 Nice recovery today (see video.) VLO 22.60 5% 20.88 21.28 Stopped out today, but let's keep it here because we may re-enter with a close above 22. GDX 36.74 5% 34.16 38.05 Low volume, flat finish. SLV 13.53 5% 12.89 13.85 I'm surprised we haven't seen more selling at 14.00 URE 3.97 N/A 3.49 3.47 We were stopped out yesterday (Wednesday.) PEP 50.00-51.66 5% 47.44 50.87 Pepsi or Coke. Buy between 50 and 51.66 SPY 75.64 60% 88.38 on 25% and mental on rest 75%. 89.44 Broke the trend line on Wednesday. Check out the video. AAPL 112.64 5% 118.78 122.95 For new money you can buy here because we got our bounce off of 120. However take a small position because this will be our tight stop, risk trade of the week. For existing holders, you should only have half your position remaining because you bagged profit between 126 and 131 on a portion of your holding. If you can buy back your other half lower. GLD 89.73 5-8% 86.86 91.03 Continues to hold up. Percentage wise our stop is tight. USO 28.46 5% 31.29/ 28.84 32.63 Due for a rest. SSO 20.19 5% 23.55 on half and mental on rest 50% 24.67 We will add and or replace some of our SPY with the SSO upon the S&P retracing and holding. XLF Watching N/A N/A 11.77 Stopped out for a small 3% profit. The long and short financials have no direction as of today's close. Therefore let's leave it on the table. DBA < 26.50 5% 24.86 27.04 Strong chart today on low volume. This hit a low yesterday of 26.47 so most of you should be filled with a limit order under 26.50. Only buy below 26.50. MSFT 19.72 5% 19.28 20.06 So far it bounced. Move your stop again because we're only giving it one bounce. TBT 47.91 5% 49.17/ 47.04 50.34 Stopped out of half our position for a very small profit. We may end up scratching this trade - stay tuned for an update. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 5:32 PM 5/15/2009 PST   Bounce or Break... The market sank today even though we saw better than expected economic data. This is just one more reason why we make final decisions based on technicals vs. fundamentals. We can see by looking at the SPY chart the market has not made up its mind whether to bounce or break. No movement to speak of in the last three days. By using hard stops we did take some profit today on USO (Oil) and on 25% of our SPY position. We are keeping some powder dry while simultaneously rolling into stocks and ETF's that look more probable. Check out the video for support levels on the SPY at 88, 85, 83, and 80. We will continue to probe the short side as a hedge against our larger SPY position and also as an attempt to capture some short term profits. Cut your losses short and quick and let your profits flow. Stock/ ETF Approx. Buy Point % of Your Portfolio   Stop   Closing Price Comment SRS Watching N/A N/A 24.46 Ultra short real estate. The trend down was broken. Prefer to see it pull back before we jump on (see video.) KO 44-46 5% 41.77 44.96 Finished in the middle of its range today. Nice chart with decent volume. SDS Watching N/A N/A 61.37 Short the S&P. Want to see it pull in and hold before we enter. QID Watching N/A N/A 38.95 Still watching. Short the NASDAQ. POT < 100 5% 92.47 107.14 Looking for it to bounce of 100 and hold. If it does we will explore adding. MOS < 50 5% 43.44 51.30 Needs to hold 45. SKF Watching N/A N/A 47.52 Continue to watch the chart for a higher probability pattern. DBC < 21.90 5% 20.11 21.18 Keep the position small due to white space. TSO Watching N/A N/A 16.60 Needs to get through 18 before we get interested. GDX 36.74 5% 34.16 37.65 Strong dollar today and the gold stocks held up. SLV 13.53 5% 12.89 13.77 I'm still surprised we haven't seen more selling at 14.00 PEP 50.00-51.66 5% 47.44 50.57 Low volume selling today. Buy between 50 and 51.66 SPY 75.64 60% Mental stop. 88.71 Higher volume today on a down day is not good. We took profit today via our hard stop at 88.38 (see video), and we keep a mental stop on the rest of our position. AAPL 112.64 5% 118.78 123.87 No change. For new money you can buy here because we got our bounce off of 120. However take a small position because this will be our tight stop, risk trade of the week. For existing holders, you should only have half your position remaining because you bagged profit between 126 and 131. If you can buy back your other half lower. GLD 89.73 5-8% 86.86 91.55 Continues to hold up with strong dollar today. USO 28.46 5% 28.84 31.30 Yesterday I said it was due for a rest. Well, today it took that rest. Stopped out for a profit on half our position (see video.) SSO 20.19 5% 23.55 on half and mental on rest 50% 24.25 We will add and or replace some of our SPY with the SSO upon the S&P retracing and holding. DBA < 26.50 5% 24.86 26.15 Good support at 26. We definitely need to hold 25. MSFT 19.72 5% 19.28 20.22 Continues to work provided it can hold 19.75 TBT 47.91 5% 47.04 49.13 Stopped out of half our position for a very small profit. We may end up scratching this trade. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 5:03 PM 5/18/2009 PST   Bounce Is The Answer... It appears that the answer to Friday's question was answered today with the word 'bounce,' with the banks as the biggest culprit. Even though prices jumped the volume did not. The NASDAQ barely climbed above the 200 MA again today. 95 on the SPY is the next level of resistance provided we hold 88. We will be able to buy the SPY and the SSO cheaper than today's close. However at this time I see 110 and higher in the cards before the years out. It is too early to say we'll end up at those numbers but I do feel we'll hit them at some point. So if you are new and in heavy cash, you need to get exposed. Our "Chart of the Day" is KO (see video.) Stock/ ETF Approx. Buy Point % of Your Portfolio   Stop   Closing Price Comment XLF Watching N/A N/A 12.29 We were stopped out of this with a small profit last week. We may re-enter (see video.) SRS Watching N/A N/A 20.50 Better than expected housing news today sank this real estate ETF. KO 44-46 5% 42.87 46.07 Nice move today along w/ everything else equities. Stick with the same buy point if you don't own it currently. Moved stop (see video.) SDS Watching N/A N/A 57.84 Same stance. Short the S&P. Want to see it pull in and hold before we enter. QID Watching N/A N/A 36.89 Needs to hold 35. Still watching. Short the NASDAQ. POT < 100 5% 102.47 111.46 No change here. Looking for it to bounce off 100 and hold. If it does we will explore adding. Move stops up if you're in to protect profit. MOS < 50 5% 47.04/ 51.15 55.00 Big day! The first resistance is 60 if we make it (see video.) Divide your stops 50/50. SKF Watching N/A N/A 41.77 Some financials bounced big today and some didn't. We are probing the long side again with the XLF. DBC < 21.90 5% 20.61 21.74 Much nicer chart vs. Friday's. Looks like it wants to push through 22. TSO Watching N/A N/A 16.70 Needs to get through 18 before we get interested. GDX 36.74 5% 34.16 37.49 Gold stocks took a breather today. SLV 13.53 5% 12.89 13.58 Expected profit taking at 14 which is resistance. We want to hold 13 which is near term support (see video.) PEP 50.00-51.66 5% 47.44 50.57 Buy between 50 and 51.66 SPY 75.64 60% Mental stop 91.23 Lower volume than Friday. However it did bounce off our first support area that I marked up on Friday's charts. AAPL 112.64 5% 118.78 126.65 No change from Friday's table. In other words for new money you can buy here because we got our bounce off of 120. However take a small position because this will be our tight stop, risk trade of the week as well. For existing holders, you should only have half your position remaining because you bagged profit between 126 and 131. If you can, buy back your other half lower. GLD 89.73 5-8% 86.86/ 87.49 90.36 Needs to hold 90. Do not initiate a new trade as of today. Let's see if we get a bounce off of 90. We have also split our stops 50/50. USO (28.46) 31.86-32.76 5% 31.29/ 30.44 32.71 Still working. Existing holders of this ETF should have half the position remaining. If you're not in yet, buy between 31.86 and 32.76. Split your stops 50/50. SSO 20.19 5% 24.22 on half and mental on rest 50% 25.68 We will add and or replace some of our SPY with the SSO upon the S&P retracing and holding. Moved stop today. DBA < 26.50 5% 24.86/ 26.07 26.89 What a difference a day makes. Let's split the stops. MSFT 19.72 5% 19.28 20.60 Same status. Continues to work provided it holds 19.75 TBT 47.91 5% 48.57 50.50 50% of the position remains. Let's tighten up our stop due to the chart pattern (see video.) Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 2:39 PM 5/19/2009 PST   Flat With Mixed Volume... After the close HP's (HPQ) profit and sales took a hit. I like the stock if it holds 34 this week. And if it does, you will most likely see it in the table. Continue to keep some powder dry and move your stops according to the data in the table. The VIX is very low which is one of our indicators for some potential selling ahead. Keeping an eye on the steel stocks. The "Chart of the Day" is SKF. Market Overview: Market Close Change Day Low-High Volume 52 Week Low/High Dow 8,475 -29.23 -0.34% 8,464- 8,538 277.71M 6,440/13,171 NASDAQ 1,735 +2.18 +0.13% 1,720- 1,750 2.00B 1,266/2,551 S&P 500 908.13 -1.58 -0.17% 905.22- 916.39 0 666.79/1,440 Gold 926.70 +5.00 +0.54% 921.00- 928.00 11 709.40/1,005 Oil 59.65 +0.62 +1.05% 58.55- 59.40 32,512 32.40/147.55 M48 Positions and Watched Items: Stock/ ETF Approx. Buy Point % of Your Portfolio   Stop   Closing Price Comment X Watching N/A N/A 29.94 Decent chart with volume in a sector that may break out of a base. XLF Watching N/A N/A 12.04 Same status. We were just recently stopped out with a small profit. We may re-enter (see video.) SRS Watching N/A N/A 21.29 Needs to hold 19.64 or will will seize watching. KO 44-46 5% 42.87 46.64 So far so good. SDS Watching N/A N/A 57.95 Short the S&P. We will leave this here so you can get used to the short side. QID Watching N/A N/A 36.61 Needs to hold 35. Still watching. Short the NASDAQ. POT < 100 5% 102.47/ 111.05 114.48 Move stop on half of your position. MOS < 50 5% 47.04/ 51.15 56.87 All is good as of today. We will sell some if we get to 60+ SKF Watching N/A N/A 43.47 Looking for the low to hold (see video.) DBC < 21.90 5% 20.61 21.74 The chart still looks good with a tight stop due to white space below 21.11 (see video.) TSO Watching N/A N/A 17.22 Unchanged. Needs to get through 18 before we get interested. GDX 36.74 5% 34.16 38.43 Needs to get through 40 for increased probability. SLV 13.53 5% 12.89 13.98 The chart looks good as of today while it approaches a close above 14.00 PEP 50.00- 51.66 5% 47.44 51.61 Closed above the 50 day with decent volume. SPY 75.64 60% Mental stop 91.12 Low volume today with no technical direction one way or another. AAPL 112.64 5% 118.78 127.48 You can continue to buy with a small position provided it holds 124. Buy under 130. We've already taken profit between 126 and 131. Our buy back in and stop is based on 120 holding. GLD 89.73 5-8% 86.86/ 87.49 90.96 Same stance. Needs to hold 90. Do not initiate a new trade as of today. Let's see if we get a bounce off of 90. We have also split our stops. USO (28.46) 31.86- 32.76 5% 31.29/ 30.44 32.79 Status Quo. Existing holders of this ETF should have half the position remaining. We have moved the stop up to 30.44 to protect profit. If you're not in yet, buy between 31.86 and 32.76. Split your stops 50/50. SSO 20.19 5% 24.22 on half and mental on rest 50% 25.58 We will add and or replace some of our SPY with the SSO upon the S&P retracing and holding. DBA < 26.50 5% 24.86/ 26.07 26.90 No movement today to speak of. MSFT 19.72 5% 19.28 20.31 Same status. Continues to work provided it holds 19.75 TBT 47.91 5% 48.57 51.04 Needs to hold 50. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 3:59 PM 5/20/2009 PST   Profit Taking w/ Volume... Up huge in the morning with end-of-day flush. And with strong volume. We've been here many times in the last 9 weeks and the market quickly bounces back. Maybe this time we get the rest we've been looking for. Highly probable considering the long weekend. As always keep some powder dry and follow my pattern recognition on the shorts. Our commodity stocks and ETF's were the big winners today. Your "Chart of the Day" is SDS (short the S&P). Market Overview: Market Close Change Volume Day Low-High 52 Week Low/High Dow 8,422 -52.81 -0.62% 468.64M 8,405- 8,592 6,440/13,171 NASDAQ 1,728 -6.70 -0.39% 2.15B 1,722- 1,767 1,266/2,551 S&P 500 903.47 -4.66 -0.51% N/A 901.37- 924.60 666.79/1,440 Gold 937.40 +10.70 +1.15% 11 928.00- 940.00 709.40/1,005 Oil 61.47 -0.57 -0.92% 824 61.35- 61.68 32.40/147.55 M48 Positions and Watched Items: Stock/ ETF Approx. Buy Point % of Your Portfolio   Stop   Closing Price Comment DUG Watching N/A N/A 18.42 I know we are long oil but the DUG (ultra short oil) should be looked at here based on its chart (see video.) A Watching N/A N/A 18.64 I like the chart provided we hold 17.23 X Watching N/A N/A 31.24 Chart still looks good provided it hold 28.50 XLF Watching N/A N/A 11.72 Needs to close above 12.50 before we get interested. The short financial chart came to life today. SRS Watching N/A N/A 21.70 Double bottom today. We will continue to monitor. KO 44-46 5% 42.87 47.00 Still working as of today. SDS Watching N/A N/A 58.59 I'm sitting up in my seat again with this one ("Chart of the Day.") QID Watching N/A N/A 36.83 Held 35 today and bounced (see video.) POT < 100 5% 102.47/ 111.05 114.48 No change. Split your stops 50/50. MOS < 50 5% 47.04/ 51.15 56.82 Not quite 60 for a high today. We will sell some if we get to 60+ SKF Watching N/A N/A 45.30 I was looking for the low to hold. Today it held. DBC < 21.90 5% 20.61 22.09 Close above 22 which is good. TSO Watching N/A N/A 17.29 Hit 18 today but closed lower. GDX 36.74 5% 34.89/37.64 40.47 Split your stops 50/50. SLV 13.53 5% 12.89/13.43 14.10 Closed above 14 which is a good sign. Split your stops 50/50. PEP 50.00- 51.66 5% 47.44 52.06 Light volume today but held up. SPY 75.64 60% 88.78/ Mental 90.51 The trend is up. However, protect some profit by using a stop of 88.78 on 25% of your position and then mental on rest 75%. Higher volume profit taking. AAPL 112.64 5% 118.78 125.87 Status Quo. You can continue to buy with a small position provided it holds 124. Buy under 130. We've already taken profit between 126 and 131. Our buy back in and stop is based on 120 holding. GLD 89.73 5-8% 86.86/ 87.49 92.25 Nice close. Maybe we get to 95, which is resistance. USO (28.46) 31.86- 32.76 5% 31.22 33.87 Oil was on the move today as was the USO. Adjust your stop accordingly. SSO 20.19 5% 24.32/ Mental 25.26 We will add and or replace some of our SPY with the SSO upon the S&P retracing and holding. And we adjusted our hard stop. DBA < 26.50 5% 24.86/ 26.07 27.05 Moved with commodities today. MSFT 19.72 5% 19.49 20.38 Sideways action today. Adjust your stop. TBT 47.91 5% 48.91 49.95 Playing this tight due to chart parttern. Tighten your stop accordingly. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 5:24 PM 5/21/2009 PST   Lower Price on Lower Volume... The NASDAQ was the biggest mover to the downside today. The volume was light which is a positive on a down day. Volume could be even lighter tomorrow Friday with traders cutting out early for the three-day weekend. Nice move in our metal positions: SLV, GLD and GDX. We may bounce here again on the SPY (see video). However, Im very confident we will eventually break our first level of support at 88. The "Chart of the Day" is MOS. Market Overview: Market Close Change Volume Day Low-High 52 Week Low/High Dow 8,292 -129.91 -1.54% 302.28M 8,221- 8,416 6,440/13,002 NASDAQ 1,695 -32.59 -1.89% 2.11B 1,678- 1,720 1,266/2,550 S&P 500 888.33 -15.14 -1.68% N/A 879.61- 900.42 666.79/1,424 Gold 951.20 +13.80 +1.47% 11 937.00- 951.50 709.40/1,005 Oil 61.22 +0.17 +0.28% 637 61.05- 61.30 32.40/147.55 M48 Positions and Watched Items: Stock/ ETF Approx. Buy Point % of Your Portfolio   Stop   Closing Price Comment DUG Watching N/A N/A 19.35 Continue to watch due to gap. A Watching N/A N/A 17.68 I like the chart provided we hold 17.23 X Watching N/A N/A 30.00 Chart still looks good provided it hold 28.50 XLF Watching N/A N/A 11.74 Needs to close above 12.50 before we get interested. SRS Watching N/A N/A 21.60 We will continue to monitor. KO 44-46 5% 43.87 46.68 Still working as of today. Tighten up your stop. SDS Watching N/A N/A 60.32 May jump into this one next week. QID Watching N/A N/A 38.14 Continue to monitor. POT < 100 2.5% (5%) 102.47 109.55 Your stop should have been hit on half of your position at 111 to lock in profit. Keep the 102.47 stop on the balance. MOS < 50 5% 47.04/ 52.45 53.35 As featured in "Chart of the Day." Move stop. SKF Watching N/A N/A 45.25 We may jump on this next week based on a hold 42.08 DBC < 21.90 5% 21.18/ 20.64 21.91 Split the stops w/ close below 22. TSO Watching N/A N/A 16.53 Will continue to watch if it holds 16. GDX 36.74 5% 36.75 41.24 If you are up 10% sell half your position on a market order and move stop on the balance. SLV 13.53 5% 13.41 14.33 Another strong day but on lighter volume (see video.) If you have a 10% profit, move your stop to protect half your position to lock in the 10%. PEP 50.00- 51.66 5% 47.44 51.49 Still good. SPY 75.64 45% Mental 89.21 Hang on to a good chunk of your SPY. Let the balance ride if you dumped 25% with the hard stop at 88.78. We want lower prices even if it means some short term pain. AAPL 112.64 5% 118.78 124.18 If it gets above 130 we may add. GLD 89.73 5-8% 86.86/ 87.49 93.85 Another nice close. 95 looks highly probable. USO (28.46) 31.86- 32.76 5% 31.35 33.38 Chart still looks good. Move your stop. SSO 20.19 5% 24.32/ Mental 24.49 We will add and or replace some of our SPY with the SSO upon the S&P retracing and holding. DBA < 26.50 5% 24.86/ 26.07 27.20 Looks like it wants to fill a gap around 28. If it does we will move stops again. MSFT 19.72 5% 19.49 19.82 Just missed getting stopped out. TBT 47.91 5% 49.34 52.43 What a recovery! And w/ huge volume to boot. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 5:30 PM 5/22/2009 PST   The Buck... The Dollar tanked this week and therefore our commodity positions moved higher than the equity markets. Even though the dollar will most likely bounce next week we will continue to pick individual stocks (large cap) and ETF's that work well with a weaker buck. Investor sentiment remains very high (contrarian indicator). This along with our pattern recognition using technical analysis has confirmed our decision to keep a significant amount of powder dry. The Dow and the S&P are still negative so far in '09 for those Kool-Aid drinkers in the 'Buy&Hold' camp. The "Chart of the Day" is TBT. Market Overview: Market Close Change Volume Day Low-High 52 Week Low/High Dow 8,277 -14.81 -0.18% 244.19M 8,257- 8,364 6,440/12,760 NASDAQ 1,692 -3.24 -0.19% 1.53B 1,682- 1,712 1,266/2,550 S&P 500 887.00 -1.33 -0.15% N/A 883.75- 896.65 666.79/1,419 Gold 958.90 +7.70 +0.81% 11 955.00- 959.50 709.40/1,005 Oil 61.67 +0.62 +1.02% 179,169 60.50- 61.16 32.40/147.55 M48 Positions and Watched Items: Stock/ ETF Approx. Buy Point % of Your Portfolio   Stop   Closing Price Comment MCD Watching N/A N/A 57.08 Good chart and numbers. MCK Watching N/A N/A 40.89 Nice looking chart. We may add soon. DUG Watching N/A N/A 19.34 This could be in play soon. Didn't quite fill the gap entirely today. A Watching N/A N/A 17.69 We will continue to monitor. X Watching N/A N/A 29.49 Still keeping an eye on this one... SRS Watching N/A N/A 22.73 Short real estate. We may take a run at this very soon. KO 44-46 5% 43.87 47.30 Still working. SDS Watching N/A N/A 60.54 Did not quite fill the downside gap. QID Watching N/A N/A 38.35 I like what I'm seeing on this chart. POT < 100 5% 103.22 114.50 Filled gap and bounced higher today. We have a nice profit on half. Let's sit back just above entry on the balance. MOS < 50 5% 52.45 55.36 Filled gap as expected. Move single stop to protect profit. SKF Watching N/A N/A 46.32 Status Quo - We may jump on this next week based on a hold 42.08 DBC < 21.90 5% 21.18 22.23 Nice day. Keep single stop only. GDX 36.74 5% 38.64 42.05 We moved the stop again. If you are up 10% sell half your position on a market order and move stop on the balance. SLV 13.53 5% 13.53 14.50 If you have a 10% profit, move your stop to protect half your position to lock in the 10%. PEP 50.00- 51.66 5% 47.44 51.57 Holding up. I'd like to see a close above 52.52 SPY 75.64 45% Mental 89.02 If you are new and sitting in cash it is OK to buy in at these overbought levels because the market may continue to be more overbought. AAPL 112.64 5% 118.78 122.50 If it gets above 130 we may add. We may also get stopped out for a profit on our balance or a small loss if you just got in. We will make money in AAPL even if we get knocked out a couple times. GLD 89.73 5-8% 86.86/ 87.49 94.15 Let's move half of our stop above our entry. You can also sell 25% if we hit 95 which is resistance. USO (28.46) 31.86- 32.76 5% 31.35 33.70 This may be a little tired. Our stops are pretty close and well above our original entry. SSO 20.19 5% Mental 24.41 We will add and or replace some of our SPY with the SSO upon the S&P retracing and holding. Keep single, mental stop only. DBA < 26.50 5% 25.35/ 26.07 27.63 Nice day. Still looks like it wants to fill a gap around 28. If it does we will move stops again. We adjusted one of our stops today. MSFT 19.72 5% 19.49 19.75 Stopped out for a very small loss. I'm going to leave it in the table because we may re-enter at the 20.73 area provided it holds 19. TBT 47.91 5% 49.34 53.57 A gap that may be filled at 55 at which time we will split stops or dump half if we close above 55.50 Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 3:06 PM 5/26/2009 PST   The Market Focuses On The Good... The market opened lower with geo-political concerns and weak housing data. Consumer confidence kicked in and the market reversed its early losses and took off later in the trading day. An upgrade for AAPL (Apple, Inc.) helped the NASDAQ close above the 200 day moving average once again. The NASDAQ was the best performer with the heaviest volume, which is a good sign. New buys today, if you are heavy in cash, are MCD, AAPL and SMH. Maintain no less than 30% cash in your portfolio. The "Chart of the Day" is AAPL. Market Overview: Market Close Change Volume Day Low-High 52 Week Low/High Dow 8,473 +196.17 +2.37% 314.76M 8,227- 8,496 6,440/12,760 NASDAQ 1,750 +58.42 +3.45% 1.95B 1,678- 1,751 1,266/2,550 S&P 500 910.33 +23.33- +2.63% N/A 881.46- 911.76 666.79/1,406 Gold 953.30 -5.60 -0.58% 11 947.30- 953.50 709.40/1,005 Oil 62.66 +0.21 +0.34% 225 62.56- 62.95 32.40/147.55 M48 Positions and Watched Items: Stock/ ETF Approx. Buy Point % of Your Portfolio   Stop   Closing Price Comment MCD < 59 7% 54.51 58.62 Let's get on board with a tight stop. MCK Watching N/A N/A 40.46 Closed at the high end of its daily range. DUG Watching N/A N/A 18.57 Need to get up towards 20. SMH 19.65-20.99 5% 19.44 20.50 Decent basing chart that looks like it may break out. X Watching N/A N/A 30.73 Keeping a watchful eye... SRS Watching N/A N/A 20.21 Triple bottom here. If it breaks it, we will remove from our watchlist KO 44-46 5% 43.87 47.21 Needs to bounce off 46 before we add. SDS Watching N/A N/A 57.45 Gap was filled today. We will continue to keep the short ETF's on the table. QID Watching N/A N/A 35.57 Huge down day on large volume. POT < 100 5% 108.57 117.45 Very nice chart. Tighten stop. We may add if we get some healthy sideways action. MOS < 50 5% 52.45 56.37 Still working. SKF Watching N/A N/A 42.81 Now it needs to get above 47.50 before we think about pulling the trigger. DBC < 21.90 5% 21.18 22.28 Holding up nicely with great volume today. GDX 36.74 5% 38.64 41.84 Status Quo. If you are up 10% sell half your position on a market order and move stop on the balance. SLV 13.53 5% 13.73 14.42 Same here; If you have a 10% profit, move your stop to protect half your position to lock in the 10%. PEP 50.00- 51.66 5% 47.44 51.28 Not my favorite chart today. Do not add new money to PEP. SPY 75.64 45% Mental 91.30 If you are new and sitting in cash it is OK to buy in at these inflated levels because the market may continue to be more overbought. AAPL 112.64 5% 118.78 130.78 You can add at this level provided you can buy below 130. However, this position should not make up more than 9% of your portfolio (Chart of The Day.) GLD 89.73 5-8% 86.86/ 87.49 93.76 Same. Lets move half of our stop above our entry. You can also sell 25% if we hit 95 which is resistance. USO (28.46) 31.86- 32.76 5% 31.88 34.11 Finished at the high end of its range today which is a good sign so far. SSO 20.19 5% Mental 25.70 We will add and or replace some of our SPY with the SSO upon the S&P retracing and holding. DBA < 26.50 5% 25.35/ 26.07 27.71 Did not completely fill gap today either. Still looks like it wants to fill a gap around 28. If it does we will move stops again. MSFT 19.72 5% 19.49 20.34 It's a buy again with a close above 20.75 TBT 47.91 5% 50.83 55.07 Sell half on a limit order GTC with an activation price 55.55 and move stop up on other half. Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 4:50 PM 5/27/2009 PST   Bond Yields (six month highs) Take Down The Equities... The equity market continues to trade sideways in a tighter range with each passing week. If we close lower tomorrow I believe based on what I see technically, we will soon break our first support level that we charted on the SPY at roughly 88 (see video.) If this is the case we will tighten up our stops and hedge some of our long positions w/ various shorts. Bond yields jumped sharply and pushed equities down. Our TBT (short bonds) position was a major benefactor. Call me directly at (858)414-1970 if any of you have questions about placing a short order. The "Chart of the Day" is GE (short). Market Overview: Market Close Change Volume Day Low-High 52 Week Low/High Dow 8,300 -173.47 -2.05% 285.99M 8,289- 8,497 6,440/12,760 NASDAQ 1,748 -19.35 -1.10% 2.07B 1,729- 1,768 1,266/2,550 S&P 500 893.06 -17.27 -1.90% N/A 891.87- 913.84 666.79/1,406 Gold 953.30 0.00- 0.00% 11 950.30- 957.70 709.40/1,005 Oil 62.94 -0.51 -0.80% 421 62.86- 63.11 32.40/147.55 M48 Positions and Watched Items: Stock/ ETF Approx. Buy Point % of Your Portfolio   Stop   Closing Price Comment GE > 12.99 5% 13.89 12.99 Let's short the stock but give it room to fill the upside gap. Short it above 12.99 MCD < 59 7% 54.51 57.82 Not to bad today considering its recent big moves. MCK Watching N/A N/A 40.29 Chart still looks good. DUG Watching N/A N/A 18.97 Filled gap today but to tough to call yet. SMH 19.65-20.99 5% 19.44 20.63 The chips did well today. X Watching N/A N/A 31.78 Still watching... SRS Watching N/A N/A 21.56 Short real estate. It held the triple bottom today. KO 44-46 5% 44.47 46.63 Moved stop. Needs to hold 46 or at least 45. SDS Watching N/A N/A 59.49 As discussed in the video we may add this very soon as a hedge against our long S&P. QID Watching N/A N/A 36.05 Short the NAS 100 POT < 100 5% 108.57 112.87 Good idea to keep stop at least 8% above buy point. MOS < 50 5% 52.45 54.56 We have moved stop above entry to lock in profit especially if the market start selling off this week. SKF Watching N/A N/A 45.55 Same. Now it needs to get above 47.50 before we think about pulling the trigger (see video.) DBC < 21.90 5% 21.18 22.38 Held up again on low volume. GDX 36.74 5% 38.64 41.22 Not bad today. I expect it to test 40. SLV 13.53 5% 13.73 14.58 I expect it to test 14. Remember if you have a 10% profit, move your stop to protect half your position to lock in the 10%. PEP 50.00- 51.66 5% 48.44 50.01 This chart is breaking down so we will tighten up our stop. SPY 75.64 45% Mental 89.67 Same. If you are new and sitting in cash it is OK to buy in at these overbought levels because the market may continue to be more overbought. AAPL 112.64 5% 123.73 133.05 Let's tighten up the stop for the first time in weeks. GLD 89.73 5-8% 86.86/ 87.49 93.45 Same. Lets move half of our stop above our entry. You can also sell 25% if we hit 95 which is resistance. USO (28.46) 31.86- 32.76 5% 31.88 34.58 Decent day due to oil holding above 60. SSO 20.19 5% Mental 24.75 We will add and or replace some of our SPY with the SSO upon the S&P retracing and holding. DBA < 26.50 5% 25.35/ 26.07 27.71 Same. Did not completely fill gap Wednesday either. Still looks like it wants to fill a gap around 28. If it does we will move stops again. MSFT 19.72 5% 19.49 20.13 It's a buy again with a close above 20.75. However, it didn't close above that today. TBT 47.91 5% 51.17 57.14 Move stop up and let the balance run (see video.) Click Here to watch the M48 Bulletin Trading Video.   Time Stamped » 5:35 PM 5/29/2009 PST   Commodities Continue To Lead... We are seeing nice profits in our various commodity ETF's such as SLV (Silver), GLD (Gold) and USO (Oil). We continue to move stops to lock in profit at these lofty levels. A late surge today on lighter volume was not enough to break the market out of its four week base. We continue to be cautious at these levels and we also continue to beat the market while sitting w/ a nice chunk of cash. The "Chart of the Day" is QCOM (short). Market Overview: Market Close Change Volume Day Low-High 52 Week Low/High Dow 8,500 +96.53 +1.15% 361.91M 8,369- 8,523 6,440/12,760 NASDAQ 1,759 +22.54 +1.30% 2.15B 1,743- 1,266/2,550 S&P 500 919.14 +12.31 +1.36% N/A 903.56- 920.02 666.79/1,406 Gold 980.30 +17.10 +1.78% 11 976.20- 981.50 711.30/1,009 Oil 66.31 +1.23 +1.89% 253,135 66.35- 32.40/147.55 M48 Positions and Watched Items: Stock/ ETF Approx. Buy Point % of Your Portfolio   Stop   Closing Price Comment QCOM 41.51- 42.99 5% 40.77 43.59 Chart looks good w/ acceptable risk. GE > 12.99 5% 13.89 13.48 Held up nicely today for the longs. Short it above 12.99 MCD < 59 7% 55.25 58.99 Looks like 60 is initial resistance. Move your stop. MCK < 40.50 5% 37.27 41.15 Chart still looks good. Top side gap at 43.21 DUG Watching N/A N/A 17.20 Keep watching as long oil will eventually pull in. SMH 19.65-20.99 5% 19.64 21.09 The chart is holding up and 22 may be in the cards provided it holds 19.64. Move your stop. X Watching N/A N/A 34.08 Wait for it to pull in a little and we'll jump on it. KO 44-46 5% 45.29/47.14 49.16 WOW! What a day with volume. Split the stops 50/50. SDS Watching N/A N/A 55.50 Continue to watching this one for educational purposes. QID Watching N/A N/A 34.38 Continue to watch for educational purposes. POT < 100 5% 108.57 115.84 Looks like it wants to go higher. MOS < 50 5% 52.45 54.70 Keep your stop tight. SKF Watching N/A N/A 41.53 We will remove this next week if it breaks 39.17 DBC < 21.90 5% 22.44 23.23 Getting a little toppy. Move up stop. GDX 36.74 5% 40.74 44.16 Tighten up stop just like the other commodity ETF's that are a bit extended. SLV 13.53 5% 14.67 15.47 What a month. I know you guys bagged profit on half. Tighten stop. PEP 50.00- 51.66 5% 50.13 52.05 Nice recovery today thanks to KO (Coca-Cola). SPY 75.64 45% Mental 92.53 Interesting chart (see video) Still the same. If you are new and sitting in cash it is OK to buy in at these overbought levels because the market may continue to be more overbought. AAPL 112.64 5% 124.62 135.81 Nice finish today. GLD 89.73 5-8% 91.47 96.29 Tighten up stop (keep single) because this is due for a rest and therefore do not add until we fill the gap (see video). USO (28.46) 31.86- 32.76 5% 32.93 36.40 Move stop again. As of today we are up 28% on the balance. SSO 20.19 5% Mental 26.40 We will add and or replace some of our SPY with the SSO upon the S&P retracing and holding. DBA < 26.50 5% 25.35/ 26.49 27.89 Tighten one of your stops. It filled the upside gap today. MSFT 19.72 5% 19.61 20.89 It did close above 20.75 today. Adjust your stop accordingly. Buy under 20.75. TBT 47.91 5% 52.07 52.64 Move your stop once again (see video.) Click Here to watch the M48 Bulletin Trading Video. Click Here for more past M48 Bulletins.         Home  |  What We Have To Offer  |  Who We Are  |  How Our Methods Differ  |  M48 Timing Service  |  M48 Archive Workshops & Webinars  |  Podcasts & Audio Library  |  Video Archive  |  Doug's Blog  |  Pro Investor Show - AM Talk Radio Independent Asset Management  |  Safe Money Investing  |  The 7 Rules  |  Commodities & Futures  |  Follow Doug on Twitter Client Testimonials  |  Free Trial Offer  |  Frequently Asked Questions  |  Recommended Reading  |  Contact Us Copyright© 2010 Pro Investor Coach, LLC  |  444 S. 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