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Strategies & Market Trends : STO AV/DB Workshop
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From: SGJ6/6/2014 9:16:07 AM
1 Recommendation

Recommended By
GROUND ZERO™

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Based on this mornings jobs report, I decided to buy TNA for a short term trade. I bought in Pre-M at 74.20. I see more upside room in the Russell than the other major indexes. Check out the daily chart below and see the circled areas for the strengths supporting this trade. Most important to me was the 9 day MA has surpassed the 50 and 200, very powerful indicator the short term correction in the Russell is over. As today's up move plays out, the 13 and 21 day should follow, creating a tide shift in price that should challenge the previous high. That's a potential 14 point move. Risk on. Target $86.

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