Just no legs.

Just no legs in the market it seems today. I am back full time tomorrow and will see if we have some set ups going on. I have literally just been playing futures for the first hour of the last 3 days and doing some personal stuff so sorry if the blog is light.
QCOM seem like it wants much lower, I am targeting those options as a double as my target right now and SNDK looks like it will be good too. Man oh man just no helping the credit markets, the FED just said this morning they will be buying commercial paper too facilitating over 540 BILLION to unfreeze this market too. I just dont understand why the banks are just not doing anything? I can tell you what it is the banking business is DEAD, BROKEN and obviously run by a bunch of morons and them not the FED will be the main cause of this prolong recession.


MARKETJEDI

Thoughts for today

I will be in and out today as I have some personal stuff to do. The market seem to be gapping down but I would look for a buy opt using the first hour highs as entry. Yesterdays rally was on light volume so bulls need to step up efforts if we are to trend higher.