6/2/2009 12:19:04 AM
Official signal: | SELL Signal on NDX __ __ __ __ |
SELL Signal on SPX __ __ __ __ |
The blast higher on Monday is having our system reduce the short strength again. If we get another close higher on Tuesday, we'll be moving to cash as the underlying indicators are not supporting this move.
For the open on Tuesday June 2, we're going to suggest the following:
Close the short in the SPY by 25% of the capital you have allocated for this strategy at the open. **
AND
Close the short in the QQQQ by 25% of the capital you have allocated for this strategy at the open. **
The result of our positioning after these trades are done, is:
SPY: Short 25%
QQQQ: Short 25%
Feel free to email me at angelo@stockbarometer.com with any questions or comments.
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