Stocks slid Thursday, although they finished off their session lows, as investors weighed cautious comments from a regional Federal Reserve president about the health of the economy and a mix of quarterly profit reports. The S&P 500 slipped 4.6 points, 0.4 percent to 1,101.5.
I bought UPRO when the market bottom at 1093 support with extreme selling pressure, then I sold all of it when market got back to 1103. I don't want to hold a short or long position overnight at this price level.
Market seems digesting the recent gain. I will wait until the next resistances 1131 and 1145-1150 to short this market. For the next few days I may day trading for some quick profit. watch support 1190, 1182.
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