Tuesday, May 20, 2008

On Fire!!!!!

BLOG is on FIRE!!!!. CAT and SLB yesterday were monster plays. Also analysis of a pullback was in full force as we ramped up and hit resistance and we totally sold off. This morning we have the futures down and the pullback should continue.
Financials please stay away from them. GS, MER, C , FNM are all looking weak here. I wouldn't buy them even if it was free money. Lets stay light here as I believe they want to shake us either way but I am leaning lower as we are overbought here.

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