Posted by dodgerdog on 19th of Aug 2008 at 06:55 pm
Short the broad market (see our SDS and DXD setups) and long the
energy complex (would like to see the XLE gain support of it's 20
day MA). However, this may only be some type of extended bounce in
energy since alot of damage has been done - only time will tell but
this area is setting up in a bullish fashion (needs to
confirm).
Personally, I despise many of the financial stocks (especially
the Wall Street Brokers who are helped create the whole mess.
Consumer discretionary stocks should also come under pressure with
the credit crunch and if oil catches a bid.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Short the broad market (see
Position Trader setups - at the moment, are there any?
Posted by dodgerdog on 19th of Aug 2008 at 06:55 pm
Short the broad market (see our SDS and DXD setups) and long the energy complex (would like to see the XLE gain support of it's 20 day MA). However, this may only be some type of extended bounce in energy since alot of damage has been done - only time will tell but this area is setting up in a bullish fashion (needs to confirm).
Personally, I despise many of the financial stocks (especially the Wall Street Brokers who are helped create the whole mess. Consumer discretionary stocks should also come under pressure with the credit crunch and if oil catches a bid.