Not For The Faint Of Heart....

What a week! Volatility has returned to the markets which can often be a sign of the end to the existing trend. While difficult to trade it can be a great opportunity to make good profits. The key is to stick with your system and use a trailing stop to lock in your profits. The open position in Goldman Sachs continues to be profitable. As of Friday's close I have an open trade profit of $22.76 per share. The trailing stop for Monday is a close above $157.16.

For next week I will be watching the follow stocks and ETF's (charts below). Each symbol is listed below with it's corresponding entry for Monday only.

GS - Short at $171.48. Trailing stop at $157.16
TBT - Long on a close above $48.41
RSX - Long on a close above $32.43
FXY - Short on a close below $109.38
DTG - Long on a close above $25.69
AMZN - Short on a close below $119.73