Wednesday, July 17, 2013

New Short Position

I might be premature in making this assessment, but my view is that if the market is poised to break above 1687.18, then today with Bernanke's testimony would be the day.  He basically said all the same things as last week, but the market stalled out (as of this writing) somewhere around 1682.  And, so, I initiated a new short position on XLK (the technology ETF).
at
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Broken Money

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