Wednesday, April 4, 2007

ETF update for Thursday April 5

Still long SLV, had a nice move today, this is a very volatile ETF, so my stop loss is at 133.08. The next resistance is at the top of the up channel around 137, that is my profit target.

Everything is very over extended right now, I am going to wait for pullbacks before initiating any new positions.

Still long EEM, price is just above resistance at 119.58. I moved my stop loss up to 119.27.

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