I woke up this morning, S&P -4. 5 minutes later, S&P -8. 10 minutes later, S&P -4. Now S&P
-11. Did anyone really make money there?
On to the 3x short financial short (FAZ). Up to 13 and change in the AM, closed at 9 and change in the PM. That's a 31% intraday swing.
Yesterday we retraced 50% Monday's move and closed exactly at 850. The trendline is still broken, but the bears need to close this thing much lower today.
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Ughh. Stopped out at 8.85 on FAZ.
ReplyDeleteIm glad I was not watching my screen today very much.
ReplyDeleteI did not even see it trade that low.