Breakout Or Fakeout – Bullz Need To Hold These Gains

June 11th, 2009

Well, the markets have technically made a very clean breakout above the 950 resistance line. The key will be holding this gain throughout the close today. Members and I have added more short positions at these great prices. I’d be just flat out stupid to go long here…at least in some areas (wink-wink members for our 1 lone long position that’s up over 7%). Back later on with a new trading video for you all.

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Today's Live Market Quotes & Charts

NASDAQ	2778.79	-34.90	-1.24%
S&P 500	1295.22	-9.64	-0.74%
^TNX	1.70	+0.00	+0.00%
^XAU	147.76	+0.07	+0.05%
^XOI	1102.97	-6.05	-0.55%
UUP	22.46	-0.09	-0.40%
XLB	32.77	-0.13	-0.40%
BGZ	25.33	+0.61	+2.47%
SKF	50.34	+1.11	+2.25%
URE	56.72	-1.21	-2.09%
EDZ	18.69	+0.48	+2.64%
BGU	66.43	-1.92	-2.81%
FXP	31.37	+0.36	+1.16%
XLE	63.94	-0.40	-0.62%
DUG	28.53	+0.40	+1.42%

05-18 17:30
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Breakout Or Fakeout – Bullz Need To Hold These Gains