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NASDAQ 100 Flips to Long, Banks to Short
Posted on June 06, 2008
Well, wasn't that just insane? Crude up 8 percent in one day? How does that even happen? I'm happy as a raccoon in a compost heap (I'm getting a trap tomorrow, you bastard!) with my 200-percent leveraged crude ETF (HOU trading in T.O.) and of course my leveraged natgas ETF (HNU) did well this week, as usual, as did gold bullion. But it was a mixed bag as my long bank position tanked today. Yikes. What did we do before all this volatility? Are you getting PTSD yet?So turning to the nifty ol' Commitments of Traders data, whaddya know? My trading setup for the BKX Bank Index gives me a bearish si...
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