The 38% retracement off the October 2007 high is near 1014. If the SPX doesn't rally another 9 points higher, the upward momentum can stall near 1007. I will consider a short position once I see a price rejection of the 1000 area in the SPX.
Tuesday, August 4, 2009
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- Consumer-less recovery
- SPY -- Rally -- Volume ??
- Short accumulation
- AIG momentum impacts low-quality financial stocks...
- Select shippers moving higher
- DBLE
- ADLR
- Consumer is not participating in jobless recovery
- Perspective
- Great action today, market allowed me to build a d...
- SPX
- FAZ
- Encima Global is predicting that unemployment in t...
- RTK
- Overseas
- Commentary
- Selling 50% position RTK (taking profits), continu...
- RTK
- No title
- Adding to my swing short position on financials. FAZ
- The EconomyHousing starts fell in July, according ...
- SP 500 - McClaren Target
- FAZ
- QQQQ
- Overseas Selling
- RTK - continue long
- KG
- 30 Yr Bond Auction
- Market disconnect
- FAZ - exit $28.20
- FAZ
- RTK - Exit $1.34
- FAZ - Exit $27.50
- FAZ
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- Commentary
- No title
- MPG
- The stock market keeps momentum, frustrating the s...
- RTK - continue long
- Week's winners
- FAZ
- Here comes the squeeze, out for now and on the sid...
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- Good economic news presents a classic profit-takin...
- SDS continue to short the market, long RTK
- Trading Radar
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- SDS
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- 91% of the S&P 500 stocks, or 455 of them, are cur...
- STEC beats by $0.08, beats on revs and guides high...
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