Great Trades

Great stock trades based on fundamentals and technical analysis.

Tuesday, February 10, 2009


Covered Shorts, Partial Long

As we expected, the market pulled back sharply today, with all the major indices closing down 4-5%, led by financials closing down about 10%.

With an extremely high TRIN (Arms index) reading at the close, and other indicators oversold very short term, near S&P 500 key support, our trading model is looking for at least a short-term bounce early tomorrow.

From 100% short (120% short for speculative traders), our trading model has moved to 25% long (S&P 500) for a short-term bounce, though it may reverse back to short intraday.

Open Positions: 25% long S&P 500

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Disclaimer: Great Trades may have a position in all or some of the stocks discussed in this blog, but is not paid by any company to promote their stock. Great Trades contains opinions, none of which constitute a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. Great Trades does not provide personalized investment advice.

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