Monday, March 28, 2011

3/28 pre-open

Sold 3% SDS at 21.26.  I'll be online at the hotel until noon EDT.  I'll finally be home for some better analytical tools this evening.
SP futures are in a trading range with the 30-minute M/A having caught up to price overnight.  I'll buy SDS again on a rally in cash SPX to 1325, where there is a cluster of resistance.  If stock indexes don't rally from here then I'll go short again at the 30-minute close lower than .5% below the 30-minute M/A in SP futures.
The short silver trade is working out fine, with further downside ahead.

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