TCM Notes : 6/23/09

• Well, with a golden cross on the horizon things are getting tricky. Today's close beneath the 50 and 200dma, and the violation and close beneath the 23.6% retracement further push the moving averages into rolling over. The 9 has crossed down through the 20dma. The golden cross is .15 away. There was a golden cross in DAG several sessions ago, but that hasn't kept it from trading lower. It caught support on it's 86 and 150dmas and formed what looked to be a hammer on first blush. However, further study reveals that the real body was too big. Same applies to DBA, but it's candle looks better. MOO still looks to have a few more dollars to shed.
• Looking to get long SDS on a 9/20dma cross over. Swing trade signal on the 60 minute chart was triggered Monday midday.
• Energy shorts are moving sharply now. Positive technical crossovers and swing signals were triggered recently. ERY, DUG, and SCO get the job done. Heard several traders playing it using DTO. I prefer my picks as far as "bang for the buck" is concerned.