Wednesday, June 29, 2011

Cancel the standing limit order on SSO and sell with a market order on the open today. There is a sizeable gap up indicated on a news event in a short-term overbought market. We may see some selling after the open.

Yesterday was another lower volume rally which may be setting up a nice shorting opportunity in stocks, but also puts them close to a breakout of resistance on the S&P.

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