I will be introducing a new Feature this week. A chart to accompany each call. The charts are 3 months and they show all signals that might have occurred during that time-frame.
Red Dots means SELL and Green dots signal BUY.  Simple enough? Great Let's get started.

Here's a look at SPY SPDR S&P 500 ETF Chart
(Click to Enlarge, Same goes for the rest of the charts)

Upgrades

IYR  iShares Dow Jones US Real Estate (ETF)
Upgraded to BUY on Apr 21 at $52.23

XLF  Financial Select Sector SPDR (ETF)
Upgraded to BUY on Apr 21 at $16.74

Downgrades

DRYS DryShips Inc.
downgraded to SELL on Apr 19 at $6.20

SRS ProShares UltraShort Real Estate (ETF)
downgraded to SELL on Apr 21 at $26.98

SKF ProShares UltraShort Financials (ETF)
downgraded to SELL on Apr 20 at $17.32

SMN ProShares UltraShort Basic Materls (ETF)
downgraded to SELL on Apr 23 at $32.37

VXX iPath S&P 500 VIX Short Term F
downgraded to SELL on Apr 20 at $18.27

Disclaimer:
I am only giving the latest signal for the stock mentioned. Use at your own risk and make sure to take the date into consideration. If you have been trading for a while you should have realized that relying solely on the strategies of others (think Analyst Opinions) will lead to failure so please only take the signals I provide just as another indicator in making your informed BUY or SELL decision. Now go Make some MONEY!

-K

Upgrades

SRS ProShares UltraShort Real Estate (ETF)
upgraded to BUY on Apr 16 at $29.18     (SELL Apr 05 at $28.60)

SKF ProShares UltraShort Financials (ETF)
upgraded to BUY on Apr 16 at $18.11   (SELL Feb 16 at $24.17)

SMN ProShares UltraShort Basic Materls (ETF)
upgraded to BUY on Apr 16 at $34.01  (SELL Mar 29 at $34.95)

VXX iPath S&P 500 VIX Short Term F
upgraded to BUY on Apr 16 at $19.97     (SELL Feb 11 at $31.40)

Downgrades

IYR  iShares Dow Jones US Real Estate (ETF)
downgraded to SELL on Apr 16 at $50.24    (BUY Apr 05 at $51.05)

XLF  Financial Select Sector SPDR (ETF)
downgraded to SELL on Apr 16 at $16.36     (BUY Feb 16 at $14.34)

Notes:
URE and UYG are off my list after the splits because of charting issues.

Disclaimer:
I am only giving the latest signal for the stock mentioned. Use at your own risk and make sure to take the date into consideration. If you have been trading for a while you should have realized that relying solely on the strategies of others (think Analyst Opinions) will lead to failure so please only take the signals I provide just as another indicator in making your informed BUY or SELL decision. Now go Make some MONEY!

Have a good weekend.

-K

Normally I would just update the current picks page but this time around I have decided to make a blog post.
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Market Indices and other important Quotes
(Note: I understand you can’t purchase an index so bear with me these are just signals)

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The Rest of the Symbols (More will be added per request)

The VIX  ETF signaled a sell before the rest of the signals came in the following day. That is interesting.

-K

This page is intended to provide buy and sell signals given by a strategy.
Those who like my calls can follow or at least consider the alerts; those that think this is all fake can keep opinions to themselves and check the info page.  Amount of time in the market using this system is about 38% on average which means you are not in at all times. It is not a buy and hold strategy nor is it a day trading strategy unless very rarely a buy and a sell signal occur on the same day.

I am only giving the latest signal for each stock mentioned. Use at your own risk and make sure to take the date into consideration.

Market Indices

More Symbols

The idea is to give stock tips when the strategy throws me a Buy signal then to call the selling point when the strategy yells SELL.

Now If i use the S&P 500 or the Russel or any other index (all the stocks within it), I will get a lot of buy and sell signals that will drive me crazy.
I'm wondering if any of you have ideas on which stocks to put on watch list.  I will also need to create a section on this page to show the buy and sell signals with their dates as well as how much gain/loss occurred.

I think i might be going a bit over my head as many people do this for a fee (Timothy Sykes anyone?)  but I will  think this through for the next week or two and then decide what to do.    Your comments are really needed this time especially for ideas on which stocks to put on the alert list.

Till next Time,
-K (The busy man)

Now, 10 days later I want to put my opinion down in writing.  SKF went from over $260 to $126 (so far) that is more than 50% off (around $13.40/day for past 10 days).
When I first posted my opinion i was being generous and looking at $182-$186 for the move down to earth.
There was an important fib retracement at $155 and one at $120.

Being a recent fib retracement follower I have a position in the $150-155 range, toady SKF didn't go as low as $120 or i would have doubled down.
If this is the short term bottom for SKF the  move up seems to hit $213, I am not good with timing the market with dates so i don't want to give misleading info.

to recap.. SKF trying to refuel? Buy at $155 or $120 with a target at $213

I am including a visual as always (Click to enlarge)

Disclosure: As i stated in my post I have a position at $150's range and was looking to double it at $120.

-K

I have still kept an eye on the ETF after selling it and is now is extremely overbought on many levels. I had a target of $250-255 for it but I did not hold my shares past $200. Now that my target has been reached I am looking for SKF to come back down to earth,  I am looking for at least $182-186 range.

With the market crashing down so fast there is not much incentive to go more short as I am sure SEC has plans for a no shorting rule or at least something to stop the bleeding.  That concludes this post and I will rest my case by providing you the chart which I am basing my case on.

Below I am attaching a chart showing the RSI being overbought but also SKF itself going over the Bollinger bands that I use. 
If you are looking to buy into SKF (besides trading it for quick scalps) then either stay away from it or just take the chart into consideration.    (Click to Enlarge)

As always, I merely post my opinions on here so I am not responsible for anyone's financial decisions.

Have a good day,
-K

Looking at the SPY 1minute charts, there seems to be a possible Bullish Three Drives Pattern developing.
Using Fibonacci retracements I created the chart below.  Basically when SPY hits 73.39 area there is a strong case for a rally to kick-start. I do not know how strong the rally will be but you might not want to short on Monday.

Here is the SPY 1 minute chart (Click to Enlarge)

As Always, Feel free to add anything on this topic or ask any questions you might have.
-K

I am still holding onto SKF and even bought more as the price dropped.

I do see energy stocks making a comeback at least in the short term.
One of the symbols I am watching is UGA (United States Gasoline)  stock fluctuates with the prices of Gasoline in the US.
With Gasoline beginning to rise thanks to hurricane Ike hitting Texas this is beginning to look good.

This is a short post but I should get back to posting more opinions and charts within a few days. Thanks for Reading and please feel free to voice your opinion in the comment box.

One of my latest moves into ETF's is buying (SKF) Ultrashort Financials on August 14, 2008 . As you can see from the table i have provided (hopefully it displays decent in most readers) I am looking at the Point & Figure Patterns for the Top 40 stocks market cap wise in the financial sector. FRE and FNM are not up at the top but have been talked a lot about in recent news.

Before i get you confused as to what the signals mean I will provide a brief description of each, courtesy of stockcharts.com

• The double bottom breakdown implies that the buyers who were supporting the price are no longer able to create demand that is more than the supply, and prices are breaking down.
• A triple bottom breakdown is similar to a double bottom breakdown except that the price at which the breakdown occurred is a price that the chart retraced from two times before. The breakdown below this level implies that the sellers are now creating more supply than there is demand and therefore the prices are breaking down.
• A double bottom followed by another double bottom, or three bottoms, each lower than the previous is recognized as an descending triple bottom breakdown. The idea is that supply is continuing to outstrip demand on an ongoing basis.
• A bull trap is a triple top breakout followed by a reversal. The breakout is possibly due to buy stops being hit just above the resistance level, and the quick reversal suggests lower prices ahead.
• The high pole warning is given when a chart rises above a previous high by at least 3 boxes but then reverses to give back at least 50 percent of the rise. The reversal implies that the demand that was making the prices rise has given way to supply pressure. The pattern is a warning that lower prices could be seen in the future.
• Bullish signal reversed pattern is a series of rising tops and bottoms that finally soaks up all demand and the double bottom breakdown at the end signals that now supply is outstripping demand.

Enjoy the table I have created. As you can see many bearish signals were given on August 13 so I went ahead and bought SKF on Aug 14 at $123.50.

This is the longest post i've written and I'm sure some of you want to ask questions or make comments, please let's discuss.