June 12, 2011: Snakebit

In This Issue:

MONDAY MARKET MADNESS - ARE WE THERE YET?

We short USO and QQQ for quick gains

TECHNICAL TUESDAY - TWELVE THOUSAND TWO HUNDRED OR BUST!

Bernanke speaks, repeats there will be no more POMO, markets drop

WEDNESDAY: WIPING OUT ALL OF 2011’S GAINS!

OPEC meeting fails to reach agreement, Saudis will increase production unilaterally

FLOOR TEST THURSDAY

US trade deficit shrinks, giving markets a short-term boost

TGI FLOOR TESTS - AGAIN!

“Must Hold” levels didn’t, so now what?

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