Monday, July 23, 2012

Why I want to sell Strength in 2 charts

 This intraday 1 min SPY and even out to 5 min looks like the early a.m. action is about to give way to some upside, I want to look to sell in to price strength because this is the overall near term trend we have been talking about below...

SPY 15 min negative.

With leveraged options positions I want to be more nimble, with straight out shorts like IOC I am more than willing to hold those.

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