Monday, June 15, 2009

Trendline breaks

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.

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