Tuesday, June 11, 2013

Market Update

This is perhaps the most efficient market update for now...

ES/SPX E-mini futures...
 ES 1 min intraday with a positive divergence that started in pre-market after such a nasty move down....

ES 15 min still suggests that there's more downside to this move.

Nothing moves in a straight line, options are a bit trickier, especially short term because you want to capture downside momentum, not just downside, however leveraged ETFs like SQQ, SRTY, SPXU, FAX and UVXY are all positions mentioned Friday/Monday are different, you can wait an intraday bounce out in those and hit lower prices and that's what you have, more gains.

All of the recent short/put positions are doing well, VXX long, UVXY long, AMZN short, XLF short, GS short.

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