Thursday, February 18, 2010

This Should Be Interesting

The big news today came after market hours with the Fed raising the rates on banks that need emergency loans. Is this a signal that interest rates are going higher sooner rather than later? We shall see. In the mean time I am still short AMZN and have a stop tomorrow if the market closes above $121.67 (see chart below). Other ETF's I will be watching tomorrow are:

QID - Buy on a close above $20.45
SDS - Buy on a close above $36.56

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