Wednesday, June 1, 2011

6/1/11 Passed on the market BUY signal

Yesterday I stated that I had a possible buy opportunity if the value of SPY exceeded 134.95. Well, the market started off lower opening at 134.51 and never came close to 134.95. The buy stop signal never hit. Mine is not to analyze the whys.  I will simply state that I passed on adding to my hedged long positions in my 401K.
We remain in a sideways market.

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