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05 Dec
Posted by Sensei @ 5:01 pm on Friday, December 5th, 2008 in Leveraged ETFs, Trades
Market indexes and a bunch of other shit closed above 21 day moving averages and took out any upside level I was looking for earlier in the week.
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These were the levels:
851.81 spx
456/451 rut also close below 448 would be wonderful
1151.96 NDX
8451 DOW???
1472.02 compx
1482.05 compx
16.55 UWM
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Seriously I can’t ignore these items that I’m seeing turning up here. The most important piece is that today marks the end of the week. I don’t care that the market rallied on the bad news. I don’t care about the jobs report per se, technically this was a pivotal day and market spoke. Do you sit there and mope about it and hope the market turns back down on Monday or do you play what the market is saying now?
Long RUT and SPX over the weekend. Hopefully the Earth doesn’t blow up over the weekend because I’d like to get a day right before that happens.
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