Monday, June 29, 2009

Markets

Market internals are moderately bullish with $TRIN at 0.64 and the A/D line at +786. Buyers are "chasing" prices here with the SPX trading higher a fifth consecutive day; the 930 area could be the limit.
I am ready to position myself on the short side (SDS) for a pending correction from this 930 area.

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