Markets Getting Clobbered: Watch the 200 Day and 50 Day Moving Averages

Because that’s all that anyone really cares about right now. Yes, the derivatives mess, the implosion of the Euro-zone via debt, and the various other debt related issues are still quite prealent but the main thing traders with money who move the markets will be following is the 200 day moving averages… If you are looking to short some equities here, I suggest selling call options on the following stocks or index funds…

QQQ

CRM

CMG

AMZN

IWM

SPY

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Keep in mind you want to have some “long hedges” as well…

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