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Friday, March 19, 2010

Sold half of my SCO (+5%) and shorting GS

-I'm holding half of my SCO with a break even stop in place after a 5% run up since Wednesday's close.

-Since Wednesday I called for a bullish move on the UUP and it has really gained these past 2 days and I am still bullish on it.

-I was bearish on GS once it got to $178.50 it went to $178.21 today and I picked up some short positions during the last 15 min. of the day, I'm looking for another monstrous gain out GS again.

-We have a break down on the SPY from the parallel channel I had drawn from last week. Today is the first close outside of the channel.

-Look for SPY $115.25-$115.50 to get hit on Monday. But don't be surprised if the SPY fell to $114.50-$114.80

(I will have a chart of the SPY posted this weekend)

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