Thursday, December 04, 2008

Another big move coming


With the jobs report up tomorrow, all major indices are at a crossroads so as to say. Investors are bracing themselves for some really bad news and anything short of a disaster will be taken as a positive. VWO and FXI are the most bullish patterns, SPY is in neutral territory and XLE is bearish.
Currently i am "hedged" so as to say with positions in VWO and XLE. I plan to take positions based on the jobs report tomorrow.

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