Jun
30
Market
In my last post , I refred the market is “confirmed downtrend “ – with today’s action , it is double confirmed. Unless on Thursday if S&P closes above 1040.
Market closing above 1040 is very weak. Market broke the key support area of 1040.
We moved out of all long position as of today.
We will be moving to short position , if the market moves lower still.
Below are the short’s we will be watching and entering some .
AIG , ETFC , DNDN, FAZ , TZA , EDZ,ERY