Monday, July 13, 2009

First hour break was higher

First hour break was higher and thus the push higher. Again that 875 area proved to provide some support.

Crude

For those who are watching remember we had out target for oil initial move down to the $57 area. Since we are now in that area I would expect us to chop around there and/ or possible bounce.

First hour is in so look for a break either way to play the indices.

Good luck

All gaps FILLED

All indices have now filled there gap within the first hour, that's how we like it done.

Gap filled on S&P

Gap filled on the S&P so far but not filled yet on the DOW.

Gap fill

Looking for at least a gap fill here this morning-
Oil still seem to be under pressure