Monday, February 8, 2010

SRS

is an UltraShort on Real Estate (2x inverse) and looks pretty good right in this area. The breakout would occur around $8.50 where I'm sure there are a lot of buy orders lined up. Take a look, I like it here.

XLF (11:30 am) looks like it's hit in intraday double top and should pull back a little from here, it could be a quick day trade on a leveraged financial ETF like FAZ or SKF-or this could be the start of something bigger, but I can't say that yet considering the strength of Friday's pattern.

Check back often today.

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