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Thursday, 10 October 2013

Sell S&P 500 @ 1680, Buy Netflix @ 300

Sell S&P 500 around 1680 if it stays below 1680, for 30 minutes expiration
Resistance @ 1680
Risk: Market sentiment is bullish but investors should still be cautious as shutdown continues
Safest is to wait for it to reach 1680 & drop more than once, each time lower than previous low
Because it'll try to break above 1680, wait for it to fail before selling

Buy Netflix around 300 if it stays above 300, for 30 minutes expiration
Possible support @ 300
Risk: Netflix broke below 300 earlier & is now trying to create support @ 300

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