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Tuesday, January 26, 2010
Market Action On Tuesday
We did not get an entry signal today on either TBT or RSX. The set ups are still valid and I will be looking for enty points on the close Wednesday if price is above $48.79 on TBT and $32.70 on RSX. Meanwhile my positon in Goldman Sachs continues to grow in open trade profit (chart below). As of the close today the open trade profit is $20.60 per share. I will exit the trade on the close tomorrow if price closes above $159.19 which will lock in a nice profit. See prior post on GS for more details.
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