Just a quick note, as we are still in the midst of a OPEX counter trend rally.
Oil and oil related stocks have bottomed for now, we are long.
Gold and miners are bottoming, we are long.
SPY is now above the hourly 22 and the MA has now turned higher. This usually signals some follow through. My target is still 197 area. We are long.
We are also long Biotech.
Volatility has collapsed. This apparently was the fuel to drive the market lower. We are short.
The only short we have on the market is real estate. It is bucking this trend for now. We are long REK.
So far, so good.
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ReplyDeleteAre you still long after today? I had a strong buy signal (went long 2 days ago) but it failed today as I was stopped out after gap support failed to hold.
ReplyDeleteI bailed when it broke the trend line. Went short AAPL though.
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