Took some profits in $SPXU looking for the gap fill on the $SPY this morning - exact same situation as Monday, even though jobless claims weren't absolutely terrible.
If I was you - I would hold my cash. Like the teddy bear you used to have 30 years ago (or may still have). Clutch the life out of it, because it isn't going to leave when it's not in the market.
On a side note, I can't stop having technical difficulties. Right now on my thinkorswim intraday chart, it says that $HALO is only 10 minutes into the day. It's 11 a.m. EST.
Thursday, July 29, 2010
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