INDEX UPDATE
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Here are some CLASS SELLS to buy-in today:
CLASS 1: WFC, BKX
CLASS 2: RLX, XAL,XBD, AMR, DOW, SPX
These are not recommendations but just technical positions per my short-term analysis, which is starting to come back into play.
Still do not expect strong pullbacks today but some negativity, leading. This could be the beginning of the a pullback or just a one day blip, but if the overall market is again flat or just slightly negative, will interpret such as a precursor to a pullback to begin within days/latest next week.
Actually, I am hoping for overall flatness today and a pop up tomorrow, and to initate PUTs on a nice upswing.
I am now looking at the XAL,BKX,WFC to initiate PUTS today. In the near future, hoping for the SOX to pop up some in the near future to initiate PUTS there, since technically it is one of the weakest indexes in the whole market.
Hoping for the BULLS to keep the market flat today, although the futures are now down 5.
Seeya |
