WRONG ABOUT THE MARKET GOING LOWER

Crap.  My level of resistance on the S&P500 didn't hold and we are now in a market where I am seeing stocks making new highs left and right.  This leads me to believe that we are in a market that is going to move higher.  Take for example TQNT which I bought back in may at $6.58 and more at $7.96, is at a 52 week high around $9.00 today.  SLV which is an ETF that tracks the price of silver is at an ALL-TIME HIGH!!!!.  GLD which is the gold ETF continues to push it's all-time high too.  APWR which was bought into a few days ago is slowly making some movement up.  I posted a buy point for GIVN on 7/21/2010 is finally making the move I wanted it to do.  Here is a screen shot of some current holdings. (Click on the pic to enlarge it.)

The one bad side to this whole story was I bought SPXU which is the three times the inverse of the S&P 500.  I expected the market to go down as it met resistance, but it burst through it and the S&P is now making monthly highs.  Got out of that trade early this morning. 

This is why I hate to be a fundamental trader and not a technical trader.  As a technical trader, I need to wait for the pullback and buy into this strength now.  As a fundamental trader, I would be shocked as the fundamentals of the US suck with high unemployment, low GDP, and massive debt.