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Post by huh on Nov 21, 2014 11:09:04 GMT -5
Well, the rally was fun while it lasted anyway.
Had my finger over the buy button for UVXY at 20.68 in pre-market. I'll probably regret not clicking that one (but only if the market were to close red).
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Post by huh on Nov 21, 2014 11:29:57 GMT -5
Tech companies getting eaten alive in today's rally.
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Post by huh on Nov 21, 2014 11:45:28 GMT -5
But at least BBRY, JCP & solars are still green.
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Post by huh on Nov 23, 2014 13:16:12 GMT -5
Even though Friday's intraday action looked bear flaggish in nearly everything - SPX, SPX futures, IWM, QQQ, XLF - it's nothing a good gap-up couldn't cure. I'm still hoping for a rally this week, but looks to me like it would have to begin with a gap-up.
Though they're sloppy, perhaps Friday's pullbacks can turn out to be bull flags. And even better would be gapping right to those flags' targets & holding (ie. SPX ~2079)
VIX looked really, really oogly Friday, which is a good sign. However SPX futures not so much. But futures have all of Sunday night to correct that...right? Hopefully. Fingers crossed.
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