Monday, October 4, 2010

Keeping 1 unit of SPX

Market internals are not improving, but bearish volume seems steady on 60-min SPX chart.
Today market internals broke on both 1-day and 2 days chart. Extra caution is needed.

Gold is fine.

A note: SOX is surprising strong. If internals on SPX were not this bad, I'd buy SOX longs.

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