All three indices seeing multimonth trendline breaks today.
Looking like a trendline break in the VIX as well.
I think you want to hold off until later in the afternoon to see what the invisible hand of JPM will do for a stick-save.
Good entry on the short side right here.
I already lost my energy and PM longs to trendline breaks over the last several days, leaving me with shorts on the S&P, gold and a REIT.
I'm trying to add on the short side with about 7% of the account, being stubborn waiting for my price. I think you'll get another chance over the next several days as it tries to flirt with the trendline.
Got short some silver via ZSL, but that was it.
Monday, June 15, 2009
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