RUT Levels

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December 3, 2008

Looks like RUT might test 451.3 or 456.52.

I’m short the indexes, and bought short ETFs this morning too including: QID, REW, SZK, and SMN.

Then picked up some TNA as a, yawn, hedge that I will dump at those levels if reached.

Market typically doesn’t bottom on a Wednesday (from Art Cashin) and I think today will close closer to flat rather than up or down.


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  • http://www.stockrake.com StockRake

    My posting timestamps are off…that should read 10:38 am…not 11:38am.

    I sold my TNA position as RUT hit 451 (453 right now) good for a quick 7.6%.

  • http://www.stockrake.com StockRake

    1165/1169 for NDX

    if the Dow starts trading below 8497..short it.

  • http://scalptrading.blogspot.com singh

    bad news for AAPL i guess nfineon's press release on its outlook states that “revenues in the Wireless Solutions segmen”� in the December quarter “are anticipated to be strongly negatively impacted by the weakening of global demand and, in addition, by a reduction in demand at one specific customer.” Several analysts have expressed iPhone production concerns and Citi analyst Greg Yeung said that one specific customer in Infineon's statement is Apple (AAPL)

  • http://www.stockrake.com StockRake

    My posting timestamps are off…that should read 10:38 am…not 11:38am.

    I sold my TNA position as RUT hit 451 (453 right now) good for a quick 7.6%.

  • http://www.stockrake.com StockRake

    1165/1169 for NDX

    if the Dow starts trading below 8497..short it otherwise its likely going higher.

  • http://scalptrading.blogspot.com singh

    bad news for AAPL i guess nfineon's press release on its outlook states that “revenues in the Wireless Solutions segmen”� in the December quarter “are anticipated to be strongly negatively impacted by the weakening of global demand and, in addition, by a reduction in demand at one specific customer.” Several analysts have expressed iPhone production concerns and Citi analyst Greg Yeung said that one specific customer in Infineon's statement is Apple (AAPL)