Tuesday, May 22, 2012

5/22/12

  • UUP into Major Macro trend and resistance
  • Should see a pull back off this level. Dollar down = Markets up
Why the late day sell off?? seems to be the trend over the past few weeks No 1 likes to hold over night... do you blame them?

Here is the /ES mini Spy futures explaination of the Late day sell.. Im sure we are too familiar by now with the H&S Pattern.



  • DE channel I found today. Top of the channel is shortable... buying now is chasing.


****LONG WYNN FOSL IWM JPM XOM... Take half off the table of WYNN & FOSL for 5% Gain let the rest ride with a break even stop...

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