Just make sure to keep tight stops in case end of the month mark ups take over.
Outlook:
With volume shrinking as the SPY tags the 50-day average, it's time to start putting on short positions again.
Wednesday, March 26, 2008
50-Day Average A Stumbling Block Yet Again
Yesterday the SPY struggled at its 50-day average as volume has shrunk 6 out of the past 7 days and the day volume grew occurred on a sell day. Shorting at the 50-day average on shrinking volume is a no brainer.
Just make sure to keep tight stops in case end of the month mark ups take over.
Outlook:
With volume shrinking as the SPY tags the 50-day average, it's time to start putting on short positions again.
Just make sure to keep tight stops in case end of the month mark ups take over.
Outlook:
With volume shrinking as the SPY tags the 50-day average, it's time to start putting on short positions again.
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