7.02.2009

JUST SCALPING


Done for the day after scalping SDS for a whole 15 cents- anyhow here is the RSI (2) update:


SPX 14

DJIA 19

NAZ 16

NDX 12

EWA 10

EWC 27

XLE 6

OIH 3

UNG 3


The VIX is trading about even with SMA 10- and if we tank again on Monday - we could get some nice over bought levels there-


I may dip in and buy back some EWA sold higher - and will wait on adding to UNG - as that looks like it wants to go lower-


One other thing- this recovery - when ever it appears will be sub normal and long term investing - dead gone dead sheet over the head.

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