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The major indexes are down hard today. The VIX, TICK, and TRIN are confirming the move lower. The SPY is forming a low base on the daily chart and the IWM is once again in a confirmed double top formation.
No trades for me today as there is too much uncertainty at this point. If SPY breaks down out of its high base I will start picking up short positions (most likely FAZ, TZA, and/or SPXU).
Thanks for being a part of Swing-High.com. Always trade with a stop loss and manage your risk appropriately. Check back later today or tomorrow for your Post Market Analysis and/or Weekend Review.
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Halftime Report, Friday October 30: Bearish 0 comments
No trades for me today as there is too much uncertainty at this point. If SPY breaks down out of its high base I will start picking up short positions (most likely FAZ, TZA, and/or SPXU).
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Thanks for being a part of Swing-High.com. Always trade with a stop loss and manage your risk appropriately. Check back later today or tomorrow for your Post Market Analysis and/or Weekend Review.
Happy Trading,
Jason
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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StockTalks
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nice sell off on the major indexes $SPY, $DIA, $IWM, $QQQ, $XLF. Entered long positions in $FAZ, $EDZ, and $TZA throughout the morning
Nov 12, 2009
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put an order in to pick up some $fas at $70.17... will probably hold it for this up leg if there is one
Nov 4, 2009
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the vix should have support at 30 now... $TICK, $TRIN, and $VIX all behaving slightly bearish today after a bullish open
Nov 2, 2009
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