Tuesday, May 14, 2013

Biotechs still going higher

Biotechs are still going higher- I guess I came out of IBB AND CELG too soon. Got to watch rotations and see which sector is next

1640

1640 on the S&P is a number i am watching to start dipping into some puts slowly on the NQ and S&P. I think we are getting exhausted up here and need a rest so a pullback of about 35-50 point would be in the cards if we are. Taking a less trades is more approach here as I see some rotation going in the general markets.