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RUT Levels
03 Dec
Posted by Sensei @ 11:38 am on Wednesday, December 3rd, 2008 in Leveraged ETFs, Leveraged Funds
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.
Tags: indexes, QID, rew, rut, smn, szk, tna
View Comments
StockRake
December 3rd, 2008 at 11:00 am
1My 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%.
StockRake
December 3rd, 2008 at 11:26 am
21165/1169 for NDX
if the Dow starts trading below 8497..short it.
singh
December 3rd, 2008 at 1:55 pm
3bad 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)
StockRake
December 3rd, 2008 at 4:00 pm
4My 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%.
StockRake
December 3rd, 2008 at 4:26 pm
51165/1169 for NDX
if the Dow starts trading below 8497..short it otherwise its likely going higher.
singh
December 3rd, 2008 at 6:55 pm
6bad 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)
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