Here’s a look at a 1 hr chart of the Spoos:
If the dip buyers fail to show up Monday, we could be headed back down to 1520 – 1525 this week. I will throw some ideas up after I see the open, as of now I’m not in a rush to do anything.
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As for my positions, this is the very reason why I own $TVIX in my portfolio, which I will likely hold throughout the day. $FB, $NFLX, & $X are on the chopping block. I will likely hold $AAPL depending on the close, and may add to $GLUU and $UCO on a significant pullback. $NAT got the cramer pump on Friday, so may still see some green, and $HOV may just end up being a causality.
All in all, I’m not worried about this dip, bring it on.