Thursday, July 31, 2008

7/31 - intraday trade

Following the 30 min chart, now is a good time to place some trades...USO is about to break into a rally and SPX and XLF failing at resistance....

long USO, ENERGY (nov, pbr, hes, etc), and Commodities (agu, xme, etc)

short SPY, IWM, EXCHANGES (ndaq, nyx, ice), FINANCIALS (ibn, etc)

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