Wednesday, April 27, 2011

4/27 pre-open

The SP 30-minute and DJ 10-minute M/As continued upward overnight bridging the gap between them and price.  The DJ blue line minus 37 points is the first meaningful M/A break.
The SP blue line -6.7 is it's 30-minute break point.
I expect the stock market to meander until the Magic Moment at 12:30, but if it breaks DJ beforehand I'll go more short.  I sold TWM at 40.53 when DJ futures touched their 10-minute M/A.  I'll restore these on the DJ break or on the FOMC announcement.

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