Wednesday, May 13, 2009

I am short the U.S. Markets Again of monday...

it's not a trade i would recommend following necessarily since there is very little technical confirmation....i'm just betting on inflation (or recovery) driving the markets much higher from here.

so far, i've noticed a lot of market strength into "bad news"...that's also not a great sign for shorts.

i'm hoping the overhead resistance holds us at or under 1000 through this spring/summer and fall brings a reckoning again....maybe i'll get lucky earlier with all the equity raises/dilution in the financials.

good luck

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