Well looking to short the POP in the RUT here,... still have the Stronger Dollar exposure.. but moved some of that
over to UTLs last night on what was a 1.57% pop in the Dyn RUT STRONG $ Fund.
Still have some RUT shorts and added to those here this morning just in case we can give some of this back
going into the close.
I'm really only looking for a day long trade here and then back into more UTLs and STrong
dollar. But there may be a little to short the NDX now see below.
It seems that the markets are lagging UTLs and Energy stocks ... as they started moving up days ago...
so we are seeing the indexes reach highs on the back of Higher Energy Stocks which are expecting higher Commodity Prices or in other words ... INFLATION !
Not sure how well that works going forward.
The NDX may have finally exhausted most of the SHORTS there,... Surprised they could take that much,..
must be the Bear Market hang over affect of 2000-2003
It's Soooo easy to short the markets now ,... just as easy as it became to buy the market back in the
late 90s with the invent of online-trading,... that short traders really need to take profits when they get
the Swift moves to the downside.
So here is the NDX DAILY Signal chart that is FLASHING its SELL SIGNAL despite todays rally!
This again may take a few Days just like the RUT DAILY SELL did.... but something to seriously watch for
as most Q traders least expect a Sell OFF.
ENJOY
Edited by Mr Dev, 02 May 2007 - 10:01 AM.
