Email of the day (1)
Comment of the Day

August 03 2011

Commentary by Eoin Treacy

Email of the day (1)

on the S&P 500's chart pattern:
"Wow, looks like the S&P500 completed a type 3 top today. Ouch. I'm sure you'll address this in your message tonight, of course.

"I was trying to think of how the US Government could get worse... no creative ideas so far.

"Guess I'm gonna go long calls on the double-short S&P500... crap.

"Have a great evening."

Eoin Treacy's view Thank you for this note which arrived at 22:30 last night. Yes, David addressed the deteriorating stock market environment in some depth in last night's audio. He also reviewed a number of salient charts in Monday's Comment of the Day. As you highlight leveraged ETFs are more suitable for traders than investors.

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