If SP makes new high today (can't imagine considering report tomorrow) low 900's should happen quickly..the area we should have seen on Monday.. Trade what you see..
Covered commision on the UYG.. Will quit for day as this is the part of day that nauseates me lately, especially with S&P at such a crossroads should be especially mad. Did ok for a relatively slow day.
good call. i was in and out of TWM and SRS around 3-30 i think. today was difficult. i was also short in NUE and that thing refused to go down with the rest of the market! and i agree with what you said about FXP a couple days ago, that chart isnt pretty and im ready to get out of my position soon. I originally thought holding it would hedge against my long positions in my portfolio, but after working twice, im not seeing the same success during the past week.
Financials UYG $5 like a wall.... simply refuse to break for now... Out SKF 142 SP at 818... could be THE December bounce here..