Wednesday, February 17, 2010

SPY Touches $110.45 in Premarket Trading

Waiting till market opens before entering any positions. Market looking pretty strong. If you have already entered 1/3 Position of a short on the SPY, that is OK. Be Careful, market strong after better than expected housing numbers. I still think this is a good short opportunity, but lets watch how the market opens... Also, Keep in mind, FOMC minutes at 2:00pm EST.

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