May 6, 2009

CONSIDER SHORT SELL ESM9 (S&P FUTURES)

Our stop hit at 913. Consider sell short 10% right here at 916.5 with a stop at 921. Those comfortable with large draw downs may consider the position with stop of 926

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CONSIDER TIGHTENING SELL STOPS ON UYG (ULTRA FINANCIAL ETF)

As financials have moved up, consider raising sell stops on UYG.

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