Tuesday, March 15, 2011

SPX Update March 15, 2010



  • Got my 5%+ correction I was aiming for with a High to Low range currently at -6.17%
  • Currently from high to close we are seeing -4.7% 
  • However, Strong and Clean closes under 50 SMA means free falling inbetween. 
  • Strong volume confirmation - my RSI and MACD read were good 

Side Notes:
  • Ending up even on energy trades for this month so far (lets hope a longer term trend can establish)
  • Locked in some FX positions but risk on is making for more interesting range bound trades, I will have to wait it out

Alexander Lê
Managing Partner
Analyze Capital LLC
analyzecapital@gmail.com

2 comments:

  1. Earnings!? come earnings we probably will see the snapback with "supposed" strong margins... Keep raising the bar guys keep raising it...

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