Market Ruminations

It appears the long prayed for recovery has started. I won't go into the statistics and numbers released by the Ministry of Propaganda  because I find numbers and statistics can be tortured to say anything you want them to. However charts don't lie and today I will enclose the moving average charts that tell me things have taken a turn for the better. I placed 3 bets last week based on the moving average charts. Several other charts have either passed through the moving average line or are poised to do so but to keep things simple I try to limit my bets to 3 or 4 or the major indices. 
Chart #1 is DDM 
As you can see DDM, which is a proxy for the Dow has been going up like a rocket. As long as we stay above the line I'll keep my bet active.

 Chart #2 is TBT which is an inverse of the long bond. \
As interest rates rise the price of the long bonds go down. TBT is a play on that factor. It hasn't crossed over the line yet to the upside but is close enough in doing so for government work. 

 Chart 3 is UGL 
UGL is proxy for the price of gold. Based of massive government printing of money all around the globe I'm betting gold will continue it's meteoric rise. 

Chart #4 is the summary of my progress with these three bets.  As you can see DDM is doing nicely and the other two are too new to have made any progress. As usual I'll keep you posted but from my standpoint things should look pretty good till the first of the year. Unless Europe implodes which is still very possible.

Symbol/Name	Price*	Change	Last Trade	Gain/Loss (USD)	Shares	Price Paid	Purchase Date	Gain/Loss (USD)	% Change	% Port	Value (USD)
DDM:US ($) ProShares Ultra Dow30	60.26	+0.23	10/28	+23.00	100	53.78	10/20/2011	+648.00	+12.05	33.00	6,026.00
TBT:US ($) ProShares UltraShort 20+ Year Treasury	22.36	-0.47	10/28	-47.00	100	22.91	10/27/2011	-55.00	-2.40	12.24	2,236.00
UGL:US ($) ProShares Ultra Gold	99.998	+0.0994	10/28	+9.94	100	96.99	10/26/2011	+300.80	+3.10	54.76	9,999.80
Totals				-14.06				+893.80	+5.15		18,261.80
* Shows Yield for some Money Market funds.