Tuesday, April 19, 2011

4/19 Addendum

I just wanted to post this chart because it explains why SDS at 21.15 is a good buy.  While SP futures broke their 30-minute M/A after hours,  SDS hit a low of 21.14 with a strong M/A at 21.12.  Intel came out with good earnings and was optimistic for 2nd quarter.  The chip business will start to see the effects of world macro trends in 3rd quarter and beyond, so party while you can.  With I1 peaked out this could be the end of the abc rally correction.

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