Sorry for the late post. I was very busy this morning with the customers.
Now S&P 500 heavy resistance level at at 1085 to 1090.
The market is doing 2 step down and 1 step up.
Watch BP closely. It could file for bankruptcy because of oil spill in Gulf of Mexico.
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Both BP and RIG took a dive today. VIX reversed mid day.
ReplyDeleteStill holding position in TZA.
Now my shorted stock, BIDU, is the beginning of a massive dive. Yippeee!
ReplyDeleteI warned to the investors last week about not seeing a right shoulder forming. More and more individual stocks are beginning to start a second leg down.
I would expect SPY to hit 95 in the horizon. And QQQQ to hit 41.50 target
Where is BAS? I haven't heard anything from him lately.
ReplyDeleteHI!! I posted yesterday around 3:40 or so with a $1 victory in TNA on a lot of shares ;)
ReplyDeleteI took today off to relax my mind.
I was stressed out from yesterday.
bedition
You two, BAS and DXO, are my two loyal fans.
ReplyDeleteThe CDS spread in BP is just ridiculous now. Use to be $29,000 to insure 10 million of their debt. Now it costs 500k to insure the same amount.
ReplyDelete