Monday, November 23, 2009

Monday Revives the $VOMINX

Have you ever come home to something like this? That's what watching this mornings gap and go felt like if you had any short positions. Ripped to shreds. We have a few posters who are feeling a little green this morning, and I usually consider that a good sign, hence the revival of the $VOMINIX. So, new highs on INDU, but not on the Qs, Spoos or the RUT, nor did the VIX move to new lows. Is there an upside to all of this? Of course there is! As long as we have some weakness in some areas, we have ample trades both short and long, it just takes a little more finesse and fine tuning to churn out some profits, but they're there. So, with that, here is a chart on XLF and IWM for a look at the weak and the weaker. Tomorrow's economic calendar includes: before the bell: ICSG-Goldman Store Sales, Corporate Profits and GDP. 9:00 AM- Case-Shiller HPI, 10:00 AM - Consumer Confidence, 1:00 PM - 5 yr Note Auction, and finally at 2:00- FOMC Meeting Notes. Lots of fun for everyone!

Douala found this video, enjoy!

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