Identive Group, Inc. (INVE): the stock was mentioned in a previous post as our indicators noticed accumulation of the stock, today it had a nice rally and we closed our position. UP (10.51%)
ProShares UltraShort S&P500 (SDS), Direxion Daily Small Cap Bear 3X Shares (TZA):
we are still holding SDS and TZA as the market could be starting a correction phase which will accelerate into the month of April. we are expecting that the spy will test at least 180 level.
THOUGHTS ON SPY :
This the fourth consecutive day that the close is much lower than the open, which is very bearish
the chart shows that spy is heading to 181.43 as a first target , breaking that level we will be testing 179.80.
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THERE IS RISK OF LOSS IN TRADING . PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
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