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I’m glad I waited for today’s action. The market is selling hard and I’m afraid the near reversal we had today is a sign of even worse things to come. I get the sense that dip-buyers haven’t capitulated yet and that could mean that the rug could be pulled out from this market in the near future. BE CAREFUL and DO NOT buy this market right now. ShareEmailPrintDigg
read moreFade the open
I bought the SDS (Ultrashort S&P 500) on the open. Update: I was stopped out. I will re-enter the trade if the SPY fails its test of the 21 day EMA. ShareEmailPrintDigg
read moreNot much to post
The market has run up against resistance and turned lower. There wasn’t a ton of conviction on the down-side and I have no clear sense of the near-term direction. I will wait and see and delay publication of the newsletter until a better picture emerges. (Besides, I still have to finish my taxes) ShareEmailPrintDigg
read moreupdate
Newsletter will be published tomorrow morning and will include a full market health analysis. ShareEmailPrintDigg
read moreTwitter Weekly Updates for 2012-02-19
ADM short setup http://t.co/t5uGgiT4 $$ $ADM # Sequential breakout retracements: SMTC and MKTX | Market Turbulence http://t.co/OsZN4wcJ $$ #demark # Probability and Baseball | Market Turbulence http://t.co/AlcqIhqe # Sequential Buy for AMZN | Market Turbulence http://t.co/9CEQasn2 #demark $AMZN...
read moreQuick Update
The ADM short trade is off. It broke through the stop loss today. I am long CLR and KLAC since yesterday. The action in leading stocks remains bullish. ShareEmailPrintDigg
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