Boring day indeed but I am glad because as I am sick. Tomorrow if we do gap up I will be shorting, especially Google and ADS. Google got downgraded today and any weak day should send this one firmly in the red and ADS i have on my radar a couple of days now and it just looks terrible. This one I have no doubt will be alot lower in a year from now.
Although I wasn't trading today I did send out an alert on my GE calls which I will ride into GE's earnings and also mentioned MA short if it broke it 10am lows, which it didn't so that trade it now void.
Volume is very anemic for the past two days and that's not a good sign for the upside. I still believe we will grind higher but we are in no rush here at all, just better to stay small or wait it out. I think the big active traders are taking this week slow or off as it is spring break time. The pit in chicago trading futures was only 50-60% today, so we should be careful not to over trade here as we can be whipped around more easily.
I rather stick to the trend here in the meantime. Also look if we get some weakness on the brokers tomorrow. I am watching GS for a little pullback below 176.5 to scalp a few point.
Talk to you tomorrow heading to bed early to get better
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