Trading for the Masses

Entries from April 2007

SDS update

April 30, 2007 · No Comments

We have been long and building into our long on SDS for a few weeks. Today was the first day in over 12 that on the 30 minute chart SDS 10 ema moved above our 40 ema. This is potentially very bullish for a sustained downside move for the SP 500 in here if we can go and test the lows here without taking them out. I am looking to add more to my long SDS in here if we can get a test, I will add to my position.

sds3.jpg

Categories: Charts · Stocks · Technical Analysis · Trading