I exited my commodity shorts at the close yesterday and will use strength to re-establish short positions. I am also looking to short weak sectors that have bounced with the market.
I also exited a few of my long bounce plays, like UYG (financials) at the close for some tidy gains. However, I am still holding the indexes (QLD and SSO).
Trade Report Update:
I will have information on subscribing to the Trade Report this weekend, along with the final free report. If you haven't already, you can view previous reports:
Monday, Tuesday, Wednesday and Thursday editions.
The diary of a market speculator who trades stocks and commodities using technical analysis, chart patterns and trend following methods. I can be contacted at SinghJD1@aol.com
Friday, July 18, 2008
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1 comments:
you notice the low volume bounce on WYNN?
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