Tuesday, June 16, 2009

SPY Low Volume Breakout Rejected

First time in over a month where 1-2pm intraday low volume breakout has been rejected by the market.

The high/low beta pair trade is not working out too well either: IWM underperforming SPY substantially. Hey Credit Suisse, how is that $20 bn+ ETF basis trade working out for you today?

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