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Approaching the 50 day MA which may produce a bounce. This would be an objective area to consider taking some profits on shorts if this fits your strategy.
the spx is really not moving much
Thanks for the mention, Steve
Had a nice little move in TZA today, even buying after the gap up. Time to take profits.
Also, TZA just broke its 5 min uptrend line.
likewise selling some shorts but keeping the core.
might dip into some SPX longs for a bounce
still long on gold but hedged
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Posted by steve on 11th of Aug 2010 at 01:00 pm
Approaching the 50 day MA which may produce a bounce. This would be an objective area to consider taking some profits on shorts if this fits your strategy.
the spx is really not
Posted by rkelman on 11th of Aug 2010 at 01:33 pm
the spx is really not moving much
taking profits
Posted by dallassteve on 11th of Aug 2010 at 01:03 pm
Thanks for the mention, Steve
Had a nice little move in TZA today, even buying after the gap up. Time to take profits.
Also, TZA just broke its 5 min uptrend line.
likewise selling some shorts but
Posted by Palladin on 11th of Aug 2010 at 01:07 pm
likewise selling some shorts but keeping the core.
might dip into some SPX longs for a bounce
still long on gold but hedged