Update: FSLR, ISRG and SDS
Posted on November 30th, 2007 in Stock Market |
Like I said yesterday the market looks toppy now. Price action has moved up on much lighter volume meaning few buyers. Take a look at the SPY (ETF of the S&P 500) and you can see that the price has now reached the upper down trending channel and the volume dried up.
I am ready to short the market again by buying the SDS which is twice the inverse of the SPY. I would enter around $53.50.
ISRG is trading very well, currently up +10.7% in 2 weeks.
FSLR is trading very well, currently up +17.7% in 2 weeks.
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