Wednesday, May 23, 2012

Market Update

Things are progressing, I'll be looking around for a couple of speculative long hedge positions to add, I'll of course let you know before taking any action.

As for the market,

 ES is progressing

 The Euro is as well (2 min)

 Finally the DIA is showing decent underlying action (1 min)

 IWM 2 min

 QQQ 1 min

SPY 1 min

It looks like the Euro shakeout theory was correct thus far so this seems to be as good an area as any to consider adding spec longs to hedge some of the short exposure and make a few extra $$$.

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