Probability

Probability we get a shake out here. I wont get into all the technicals but 1129 is a good probability short here or at least to start a position. We will see soon enough but with the commodities looking strong I would be careful being long the equities here.

More up

So nice up move today as said would happen. There is a small gap resistance at the 1129 area and I would look for that number to be in play tomorrow if we gap up. Again the market seem to be trading on this air and participation is relatively weak but the tape says higher right now.

Higher

I think the path of least resistance right now is up. Oil is showing a strong anti seasonal move but I will stick to my game plan for now. I will be watching the close of the quarter very closely as I feel we are in some kind of rotation again into commodities especially the metals.