Intraday Commentary ~ 03/05/2010

Idan  2:36pm EST
I am taking my additional short on CLNE as we are up at my target for this rally at 19.47-19.50… This time i’ll be shorting twice as much bringing my average cost price to 19.28,
and I am going to put a stop around 20 assuming this market does decide to go higher, which is what it looks like.

Woo:

9:28 am PST:

1 month SPX

Idan:

12:34am
The uup or dollar ETF is showing some slightly bearish signs here, as it may be forming a H&S formation. You can see very nicely on a daily that the target of $24 from the inverse
H&S was practically reached but now we have a H&S on the 60 minute (shown below). That said, notice how the last push down, or the right point of the neckline is a little higher than the left side, which makes the H&S not as strong usually.

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