Tuesday, July 13, 2010

New Positions

As mentioned via twitter went quite short here via ES, ETFs, puts. Avg price around 1096-1097 SPX (except one small batch of puts I got earlier) - stops on all at SPX 1099.

Minimum is a retrace back towards 1085 from here, could develop into more depending on how we approach that price range. Just so you know, its very likely that this position will get closed and reversed back into a long. Price action today has been quite bullish but we are "smacking" against strong resistance so some pull back is to be expected.

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