Wow what a boring day. seem like the commodities stocks are losing steam and I wouldn't be surprised if many of them report not so stellar earnings. Today FNM fell and I think this has major downside to come. I did pick up some QQQQ $45 puts at 48 cents as a small play to see what happens. I still think the market could trend higher but after 2 big days last week we might be due for a restful pulback.
Keep it light I think we will expand this week and the market will tip its hands..
FNM down-
Only winners here .....
Monday, April 7, 2008
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