As we all come back from a relaxing weekend we find ourselves hit in the face riots in China, oil trading down hard and Europe in the red. I am taking half off UNG and USO this am and moving balance on apa and apc to +2 on their balances. We are getting a good gap down this am. 882 may be underway after our open and test of the 888 square. The 200 dma will be one to watch as it may give a get out of dodge sell signal.
Hit em HArd
Monday, July 6, 2009
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