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Trading Idea: SINA and KITD

August 19th, 2010 · 1 Comment

Not a day to go long, or?
In our empirical experiment to see whether charts have any predictive value, here’s another one, from Ryan Mallory again.

The market didn’t like the jobs report one bit and erased all of the mornings early gains with all the major indices currently trading in the red. Whether the ‘dip-buyers’ jump in and hold this market up, or the bears use the bad jobs number to push the market lower, remains to be seen.

LONG: Sina.com (SINA)

SHORT:KIT Digital (KITD)

Tags: Technical Trading Ideas

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