Are You Bearish Or Something?

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September 10, 2009

Day after day I’m cleaning up on the long side, giving great setups, and less and less people are interested in playing that trade. Are you top picking? Listening to the news flow? What are your reasons for not being long?

I mentioned that 1025.57 was the $SPX trigger I was keying off of. We got above it, and that was it. I’m back in long. Today yielded 1.3% in the RUT and a little less than 1% in the SPX from my 10:45 buy point. I would’ve gotten alot more out of this trade if not for the pesky Rydex handcuff timeframes.

From what I can tell there is nothing in the way for SPX to march to 1099.23. And when I mean nothing I mean ‘nussing.’
spx1099

Unfortunately for people who like to torture themselves by fighting a trend, the real spot on the SPX that I think it can get to is 1161.06.