Tuesday, September 1, 2009

Broke


Thanks to our hedges we had a great day and hopefully you did too.
The XLF - Financial ETF is really the only chart you need to look at.
The chart is now "broken" and there is no reason to buy again until we see
some consolidation. September is going to be a very volatile month (surging VIX today)
and will present some great opportunities both long and short. Keep an eye on RIMM
that we mentioned yesterday, it had a good day.
Trade well,
Trader D

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