posted by korenidan87 on 1 months ago
VIDEO: http://www.youtube.com/watch?v=AP-SvB4raaE
SITE: WWW.STOCKTOCK.COM
Today we looked as the S&P hit the upper resistance of the wedge, the 1091.5 fib target
and the descending support of a H&S from 2007 which is now resistance all at once. This
has been our ultimate target for this rally, and we can very well see this market correct.
There is a chance for a small little push higher to 109.70 on the SPY to fill a gab from a
year ago, but we believe we're moving lower. Keep stops on shorts at 1097-1098. Our short
GOLD vs Long SPY trade worked very nicely and today we sold short some November SPY 108
calls hoping for some downside into the end of the month, and also went short JPM at an
average of 46.50, AMZN at 96.90, BIDU at 416 and WYNN at an average of 67.10. Keep stops
of around 1-1.5% away from these places.
Replies
Page 1 of 1








