Tuesday, July 12, 2011
Europe Panicked
You saw ES test 1296 overnight and it passed with flying colors. That will be a huge support zone going forward. I do believe we will see a bit of follow through strength off the V bottom in Euroland but it should only last for the first half of the day. We should fade back down in the 2nd half of the day. It will be volatile out there. I would not chase any rallies today. Getting above 1318 will be difficult
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4 comments:
buying a red close seems sensible.
http://longridgepartners.com/hedge-fund-recruiting-uptick-in-hiring-trends-and-options/
Leveraging continues
I believe hedge fund $ is the new dumb money and they will continue to underperform
It's not looking terribly sexy for long positions. Seems like a crowded trade to go for a bottom here.
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