Thursday, July 15, 2010

7/15 2:15

Arrived at the hotel and bought 4% YM the DJ futures at 10240, with a very tight stop of 10225.
I own 5% TLT long bond which more than offset the small long stock futures position I was stopped out of.  I was on the road and wanted to have something in line with I1 in case the market took off on the upside.
The DJI hit it's 5-minute, 380-unit M/A and found support.  It is still possible for 1 more low, but this may be all that the market needs.

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