Wednesday, November 19, 2008

2008-11-18 Market Watch

SPX daily: it doesn't look like the bottom is in.  However it's relieved a bit.  From the volume pattern there is no strong indication that the money is flowing in broad market and flowing out from UltraShort ETF's.

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SKF: bad day - optionsxpress doesn't borrow SKF for short any longer and covered my short position in the morning with small profit.  Too bad.

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Short-term bottom might be in place.  However the index futures still looks bearish.

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