Cambodia programs to open stock market place in 2010 and targets twenty businesses to sell shares. (The Bloomberg Edge)
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Right now we search at many charts to see if the bulls managed to take us into bull market territory. Even though it still continues to be a small uncertain, the VIX held up properly considering a large rally, and the financials fell from the open up consider the fact that today was their day to shine due to M2M approval, led down by WFC/C. We seem nowadays at the Dow Industrials, $ SPX, SPY, GLD, VIX, WFC, FAZ and SRS. We believe all charts have a typical theme, and that we’re on the breakpoint of bullishness in the market place but it is a small way too clear and that the big industry makers may well test to push this market down just once a lot more prior to we can really break out. Our more time time period view is bullish, but our really short term look at (unless of course we break out tomorrow and remain above S&P channel resistance) is bearish. We took a loss these days at the beginning of the day but managed to reduce it in half as we took a short mid day at 84.20+ employing SDS and SPY puts only to cover them at a 38.two% retracement of today’s move (wherever assistance was found). You’re welcome to e-mail Idan at idan.koren@duke.edu or verify www.stocktock.com for any additional inquiries.