Nice move and our fund took a small leveraged position at last night's close on the weakness, so all the better. We are back at the 50% retracement though; consider a loose trailing stop with an eye towards that rising VWAP.
1:30PM CST UPDATE: So did you trail a stop? I realize I looked neutral to bearish yesterday. My intraday comments are often based on discretionary/personal technical observation -- by day's end we had a quantitative buy signal. The day isn't over yet.
2:50PM CST UPDATE: Nice bounce back up off of R2, but now we are back at that area of concern. Yes, we got it twice. May be we'll be "in the clear" until Fed day (CNBC talking head speak), but you know there will be volatility ahead of the real jobs report and actual decision/event day. I still tend to think that if the VIX continues to collapse, there will be a decent short-term trade there on the $VIX options contract.
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