I will more than likely not be around tomorrow because of an family emergency but if I can I will be looking to buy some QID, IWM and some Puts June GS $140.
Hope to back on wednesday or maybe late tomorrow.
Since we had a move higher in price today I would expect us to consolidate for the better part of tomorrow before tipping our hands. If we gap up tomorrow into that 914 area it should provide a good risk reward for a short. If we gap up more than 2 points above it wait for the 921/923 area.
MARKETJEDI
Monday, May 18, 2009
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