Tuesday, April 13, 2010

4/13 open

Short stocks 10%, short crude 2.5%.  Both down overnight.
Stop on stocks is SPX 1201.  Target for 5% cover is DJI 10,970, critical support.  I1 bottoms today, so if target is not reached I will get flat this afternoon.
Here is crude forward sentiment gauge:

Crude shows down to the end of the month, at which time I will go long.

Here is the critical support:

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