Thursday, June 9, 2011

6/9 pre-open

Currently 5% SDS, 2% EUO, 1% ZSL, 1% SOPIX, 1% UCPIX.
Claims brought volatility.  SP futures beyond  1289.50 on a 30-minute close will cause me to exit 3% SDS.  Tomorrow is the last day of the short-term timing component remaining above 10.5. Until then it allows for stock rally.  Technical composite is at +16 where rallies most often occur.  If the stock market makes it through tomorrow without triggering the SP futures stop then we are in a waterfall decline.  Regardless I'll increase shorts tomorrow afternoon.
Dollar has broken to the upside by rallying to 74.16, beyond the envelope of it's first hourly M/A.

No comments:

Post a Comment