Monday, May 18, 2009

Sold FAS $9.4

It didn't open above SPX 895 and 895 is acting as resistance right now. Reduce long exposure. High now: 895.05

+2.28% gain (bought at $9.19 on 5/14)

Effectively breaking out SPX 895 would be bullish for today. If that happens, I may re-enter long positions, as the Pivot Trend System remains BUY.

Don't forget to read my comments on Twitter update panel on the right (listed the latest 5). I can not put all my comments in regular posts, but will send comments through Twitter. Just keep that in mind.

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