I'll make this short and sweet today, since I'm backed up with things to do. I will elaborate tomorrow if I get a break.
It's not the end of the day but currently the DJIA broke a strong resistance. Fortunately it has 3 other resistances still above it. I will be doubling down on DXD if the DJIA hits 11,400.
HANS might be a good short depending on where it closes today (the higher the better). I planed on talking about shorting it today so I'm a little disgruntled that it's down 7% before I got the chance. I still think it's good to short because of its lack of supports. Also I'm debating on weather to short GOOG. If it reaches 390 again I might force myself.
The Fed reports on interest rates on Tuesday, August 8th. I don't know whether to root for it or against it, as half my stocks will like it and half will hate it, but I guess that's what diversification is all about.
These next five days will likely decide how the market trades for the rest of the year. Read The Kirk Report for today, as he makes a good point on the strange advance today.
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