June 22, 2012

WEEKLY MARKET DIGEST: FORTUITOUS CALL ON TUESDAY AHEAD OF THURSDAY DROP

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)

FORTUITOUS CALL ON TUESDAY AHEAD OF THURSDAY DROP

June 22, 2012

On Tuesday, June 19th, we wrote

Aggressive investors who bought QQQ, FEU, MS, USO, and GREK on Friday may consider taking profits in all these positions with the exception of FEU and exiting them here.

Those investors who do not have enough dry powder because they either did not take enough profits in March and April when we were aggressively taking profits or did not hedge may take some profits here to generate dry powder.

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