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10 July 2009

Published on: July 10, 2009 No Comment
WMT Enters Final Target Zone

The Short-sell setup in Wal-Mart Stores (WMT) is finally entered the final swing trading target zone so we thought it would be useful to talk about trade management. Recall the original setup was to sell-short on June 9 evening with a downside swing trading target of $49.93, $47.61 and then $46 with an initial stop at $51.78. Given that the stock closed at $50.61 on June 9 the setup got a pretty good risk/reward ratio.

Published on: July 10, 2009 No Comment
No Appetite for Stocks despite Oversold Condition

despite the extreme oversold condition, investors showed no appetite for stocks. This is bearish and suggested that recent support, near the 870 level on the S&P 500 index might not hold for long. A sustain decline below that level could trigger a massive rally in the U.S. Dollar.

Published on: July 10, 2009 No Comment
投資者對股票興趣缺乏

儘管已經極端超賣,投資者對股票的興趣非常微弱。這是不利的,意味著標普500指數870點附近的近期支撐可能難以守住。持續跌破這意味著將觸發美元大幅上漲。

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