Tuesday, February 23, 2010

Waiting For An Entry

I am watching a few inverse ETF's for a possible entry tomorrow. The first is QID which goes up when the NASDAQ goes down. The entry is on a close tomorrow above $20.41. The second is SDS which goes up when the S&P 500 goes down. The entry is on a close tomorrow above $36.22. Charts are provided below. I am still short AMZN and have a stop on a close tomorrow above $121.67. Notice on the chart below that AMZN has been in a sideways channel and should break out one way or another.




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