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Going LONG @ SPX 1310-15: SPY, QQQ, GS, USO, IWM, FAS


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#1 dTraderB

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Posted 26 June 2012 - 10:05 AM

... missed out on JPM yesterday; stock up almost 3% since then, Looking to build a long position in the SPX 1310-15 zone, and even lower it market declines further. Unless there is a major geopolitical event, equities should rally from here for at least a week, into JUly 4th Expect a rebound in Crude to 90, minimum

#2 pdx5

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Posted 26 June 2012 - 10:58 AM

"What bad news is not priced in"? Election results!
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#3 dTraderB

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Posted 26 June 2012 - 01:26 PM

Will leg into bullish spreads (AUGUST puts) as SPX approaches 1325 Good reversal in most ETFs today.

#4 dTraderB

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Posted 26 June 2012 - 01:28 PM

watch the financials and tech - GS and AAPL are key stocks to monitor for overall trend in these sectors.