Update (5):
AD lines are not improving much and the trade is close for +9, add +4 earlier and the day ends at +13 (NQ, $20 per point per contract). I will update after the close. We might rally hard, but I always recommend taking the money if breadth does not correlate enough. I will keep trading in and around this, but for the readers, play it safe.
Longer term traders can pick up some INTC October 20 calls right here, not a bad bet if 21 holds.
We are in the last two trading days of the quarter, funds are dumping the stocks they are embarrassed to own.
If you found this useful, let me know.
AD lines are not improving much and the trade is close for +9, add +4 earlier and the day ends at +13 (NQ, $20 per point per contract). I will update after the close. We might rally hard, but I always recommend taking the money if breadth does not correlate enough. I will keep trading in and around this, but for the readers, play it safe.
Longer term traders can pick up some INTC October 20 calls right here, not a bad bet if 21 holds.
We are in the last two trading days of the quarter, funds are dumping the stocks they are embarrassed to own.
If you found this useful, let me know.
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on Friday, June 27, 2008 at 6/27/2008 12:18:00 PM.
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