Live Update

Friday, August 6, 2010

08/06/2010 After Bell Quick Summary

The bottom line the short-term trend is back to up from down before the market closed, but I hold my trapped short-term short position over the weekend in order to stick to my trading rule.

Today doesn’t feel like a pivot day because it didn’t make a new high and as I mentioned in the last night’s report, 2 back to back unfilled gaps are rare, so I expect them to be filled very soon.


Overall, I still don’t think the market could go too high from here because 6.2.3 VIX:VXV Trading Signals is now way too low.


Enjoy your weekend!

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