Friday, May 6, 2011

Friday 5/6 - how real are the jobs report if the good feel does not last even half a day?

Status is current signal is Down:

Near the end of the day and we had a day were the SPX pushed up to 1354 the 61.8 retracement from the most recent low and moved down again.  That would have been a great place to buy inverse ETFs or a PUT.

My inverse ETFs lost a bit today but still have gains.

Enjoy the weekend
The Trend Advantage.

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