I will more than likely not be around tomorrow because of an family emergency but if I can I will be looking to buy some QID, IWM and some Puts June GS $140.
Hope to back on wednesday or maybe late tomorrow.
Since we had a move higher in price today I would expect us to consolidate for the better part of tomorrow before tipping our hands. If we gap up tomorrow into that 914 area it should provide a good risk reward for a short. If we gap up more than 2 points above it wait for the 921/923 area.
MARKETJEDI
Monday, May 18, 2009
Volume
Volume today is EXTREMELY low. Yes the market is up BUT up on no volume a very negative development.
Gary Shilling
For those who dont know who Gary Shilling is google his name. He has basically been one of the few who have predicted the movement in the market. He was just on Bloomberg stating his claim for S&P 600 will he continue to be right. Only time will tell.
Monday
Futures showing upside an hour and a half before the open. Lets see how we react to the start of the week after the first down week in 9 for the markets.
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