Wednesday, July 15, 2009

Wed, July 15th

I did NOT forsee todays afternoon action coming AT ALL.
I had felt that the gap up today was a nice SHORT entry, and I did add to my sbux short today midday, and do still hold it....only position.
(stoped of tin and mar at the open)

VIX was up today along w/ the SPX.
8 of the past 9 times we have had that, the next day was down, fwiw.
I remain bearish short term.
If the $COMP and/or $NDX make new 2009 highs, then I will re-evaluate.
(as they are both close to a new high or a double top, we shall see)
blog comments powered by Disqus