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July 28th, 2009 at 12:13 pm
Not a very exciting sell-off.
Frankly, with commodities way down it’s almost exactly the rotation we’ve been looking for.
VIX up 5% now, things are still dangerous – Watch XLF $12.50 for a breakdown signal and 39 on the Qs (1,950 Nas) but, so far, everyone seems to be holding their spots…