Market continues to trend lower. There have been some patches of buying along the way, but so far, the bias continues to point down. Currently, we are trading below the 1183 level on the S&P which I believe adds to the possibility that this market may have further to go down.I’ve jumped in both of the trades below – MENT at $11.05 and TIE at $17.14.
LONG: Mentor Graphics (MENT)
SHORT: Titanium Metals (TIE)
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