Going long with DBC. Nice pullback yesterday with strong follow through volume and price today. First target is $23 with stop under today’s low.

The broad indexes fell on price but the volume was light which is what I am looking for. We want this to pullback and buy on a retracement.

I am still holding on to DRYS which went down on lighter volume. It’s in my buy zone and should head up to test $7.

I entered into UWM (Ultralong Russell 2000) which rejected the price and volume 3 days ago. My stop is under today’s low. Target is $17-18 range.

Entered into ANO also at $0.64, really nice up volume 2 and 7 days ago. I noticed the volume was really low as the price retraced – time to buy!!! Target is $1.10. Placing stop below $0.50.

Got stopped out of UNG. Still in Ultralong Real Restate ( URE).

The DryShips (DRYS) trade popped up as expected. Taking some of the +26% gains and raising stop up for a free trade. Target is $6.50.

Entered into Citibank (C) for a trade because selling volume is drying up and we have high volume near $4. Putting stop under 2.40and targeting $3.89.

Market has turned around and financials looking good. I entered into FAS $6.75 today it wants to trade to $7.80 first than up to $10-11. Keep stopped super tight on FAS to below today’s low.

The market is pulling back in an orderly manner which is to be expected in a bullish move. This is what I look for.

The URE pulled back more than I would have liked but it did so on lighter volume. Below is the IYR which is iShare Real estate index which the URE is based on. As you can see today we tested the high volume day on March 10. We went lower into that price range and closed above it which is bullish. URE is heading higher staying in the trade.

My FEED trade I entered yesterday acted great today reaching a high of +19% where I took some profits and raised my stop higher.

Went long the DIG, wants to trade to $34, put stop $21.65.

Going for a trade in the URE (2x Real Estate ETF) this wants to trade up to $7 swing high Dec 12. Stop is $2.25.

The market had one of it’s most powerful up moves in many months with 6-7% gains in the broad market. The SPY had a 7.18% move forming a V-shape bounce. It’s too late to buy into the SPY for a trade and I’d like to see this pull back to $76-78 but first it might run up to 87. The risk to reward is not there yet – be patient.

Today I did enter FEED and ANR which are both commodity stocks. ANR has been consolidating for 4 months with a little sign of strength Feb 2 and March 19. Target price of $24-26.

The bonds had a crazy up move yesterday the biggest move since 1962. I don’t think the TLT (20 year bonds) can hold price it may test the 108.07 price high yesterday. I am shorting this with the TBT.

The financials got a boost but this will not last. The chart below shows the price hitting the mid-upper channel. I am shorting with FAZ…be careful this is 3x leverage ETF… here we go DannyS.