|
PureBytes Links
Trading Reference Links
|
Just looking at the SP futures and cash I remain bearish unless we close and
hold above the 868 area. Until that happens I continue to trade from the
short side, especially with 5y and 10yr notes testing recent highs.
A couple of things make me nervous though. (i)The Nasdaq Comp is holding
above a key 1319 level (ii) There are fewer talking heads calling a bottom.
They are actually calling this an oversold bounce.
> >
> > ----- Original Message -----
> > From: "ira" <mr.ira@xxxxxxxxxxxxx>
> > To: "REAL TRADERS" <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Thursday, February 20, 2003 2:13 PM
> > Subject: [RT] Stocks
> >
> >
> > In looking for something to do I started to scan my stock list. All I
can
> > say is that things look real ugly right now. In many instances price
> > didn't rally much in the face of good news, short covering and bargain
> > hunting. With expiration tomorrow it appears that a lot of puts might
get
> > exercised. If that does in fact occur there will be more downside
> pressure
> > on the markets. Monday's price action should be interesting.
> >
> > The inflation report today didn't help things any. Another move in gas
> > prices to over $2 per gallon in my area reinforces what I have been
saying
> > for months. The government may not realize that there is inflation by
> their
> > numbers, but by mine, the cost of living has been increasing across the
> > board for a couple of years.
> >
> > Have a good week end. Ira
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|