Tuesday, August 3, 2010

Fast Money Bearish for Today

The opinions on Fast Money Halftime are bearish for the intraday action towards the close.  We are range bound today from 1113 to 1123.  But I expect us to close similar to yesterday, the upper end of today's range. 

I think there will be a down 1% day either Wednesday or Thursday, so I am currently looking for an opportunity to short. 

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