Taking the last 1/4 lot on my SPY short proved to be the right move before lunch. The market rallied hard in the last 90 minutes of the day on news that the administration is planning some bailout of home owners on the edge of foreclosure.
Whether this is anything to rally on, I have no idea but have to play it as it comes.
Oil DEATH here and we really might head to sub $30 soon, very soon.
Gold is almost 950 and the commodities still looks like they might scream higher.
Lets see what happens tomorrow. I think we head lower into next weekend but we will see.
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