Tuesday, September 21, 2010

9/21 1:45

Half an hour to go.  There is just no fear in the global markets.  3-month Libor remains at .29.  The Nasdaq has relative strength today and you can feel the greed in these traders.  Only one way to go, up!
I covered my NQ futures earlier at support at a trivial loss (4 points). 
My orders are to buy SDS at 29.49 and when XMI reaches 1199.80.  This is 19 ticks off of it's August high.  So my expectation is to see new highs during the volatility and capture them.
I sold the 5% TLT at 103.07.

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