Tuesday, May 4, 2010

Shake & Bake

Somethin's happenin' here
What it is ain't exactly clear
--Buffalo Springfield

When inter-day volatility rises following an uptrend period, something's usually up. That's what we've seen the last few days.


Increasing volume too.

Should this downside move get traction and slice thru the 50 day moving avg (blue line), then the intuitive next stop is the Jan highs of 1150ish.

position in SPX

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