Got to love this market, the swings are huge intraday but I must warn you the trend is still down. Today I did expect us to pull in after having such a huge up day yesterday, the gap up was a give away to short and it played out well. The financials got some selling today after the gap up and I think we will soon start the selling there again.
We are now in earnings season and it will be a surprise if earnings blow out to the upside as past quarters. Tech is the place I will be looking at for some earnings to come in lower than expected and surprisingly the staples as the consumer pull back on spending.
I will be sending out some option plays as we head deeper into earnings season. I still expect us to bounce alittle higher.
Showing posts with label Got to l. Show all posts
Showing posts with label Got to l. Show all posts
Tuesday, October 14, 2008
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