1. This will be a quick post as I have about nothing to really discuss. This market is really just a mess. It seems the market is wandering in a 'fairly' tight trading range this week and many elected to sell ahead of tomorrows jobs numbers. 1325 was the close on the S&P and also marks a support line. Keep an eye on 1320 as a more meaningfull measure.
2. As I stated yesterday, I held FXP overnight against my better judgement. Instead of locking in the profit yesterday at $101 I took a small loss at $97. It made new lows all morning and I put another order in at $92 but it never reached that level. Had I held it all day I'd be about even on that trade. Solars remained on fire today as they had all week. YGE broke out mid morning and I snagged shares at $18.24 on the break over $18.20. I sold them an hour later at $18.90. IWM keeps hitting fib levels. I picked some UWM up at the close to see if this same pattern continues tomorrow and to see if it bounces off of that fib level again.
3. Not much I'm eyeing for tomorrow. If the markets bounce I'd like to short. I'd really love to see FXP in the low $90s to grab some shares. I'd like to see UYG test $30. I'd be looking for a quick entry around there.
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