Wednesday, July 23, 2008

TRADE IDEA: TWM

Lets pass on the TWM till we hit the 1292 level on the S&P. Yesterday's action marked a bullish candle on the charts and thus implies we will push higher here short term.

SKF I will add to my call position if we dip in the mid 110/120 level as I think that's a good play here as they are overbought but no reason why they can't stay overbought for awhile.

Stay flexible here folks trading has been choppy.

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