Tuesday, August 13, 2013

Trades for WED August14, 2013

RTS-OS covers SLW and PBR.A at the open; shorts AGNC and KBH (no free shares available for LINE, updated on 8/14, 5:50 AM PST) JCP and VXX at the open.

Bull flags have been formed in all major indices price charts.   RUT and NAZ broke out of their bull flag formations today and started trading higher.   Chances are excellent that other indices follow those two leaders tomorrow. 

The action between now and end of August is going to be very choppy due to the low volume of trading.

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change N without notice.