Tuesday, February 22, 2011

2/22 pre-open

I sold DX futures at 78.19 at a confluence of M/As.  I isolated 78.20 as "stiff resistance" in yesterday's Daily.
Stock futures show a clear 3 down so far.  DJI cash closed at 12,390 with it's critical support M/A at 12,300 for a 90 point spread.  I've sold the SDS position at 21.14 which corresponds to that 90 points in YM futures.  I did not get the best price due to ARCA opening 8am EDT. 
I'm holding TLT for a longer period.

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