What a roller coaster. We tested ke support areas on S&p and they were rejected.
We are in the bottom of a trading channel went long TBT today this is an ultra short for the bonds. My theory is if stocks rally bonds will get a haircut. Looking for 3 points on this trade have a $1.00 stop. Half size share of 300 shares
FSLR was downgraded by citi. This stock fell out of a trading channel. Would suspect tis stock sees support around 120. We will see, currently own puts on the stock. Could have been a bad idea but i kept hearing that Obama is going to green on the economy. I strongly feel the solars are hurt here and i am looking for new lows.
Looking for a rally on stocks into friday.
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