THUNDERBOLT

Thunderbolt the first 4G phone on Verizon arrives tomorrow but pre orders on Wirefly is reported to be 400% higher than the previous record holder. I am dying for a smartphone I might have to check it out, seem it might be a winner.

DOW

The DOW is now just 94 point higher for 2011. Going to be a very interesting year folks but I can say this for sure there will be many shake outs.

Buyer

I would be a small buyer @ 1260 on the futures. for a hold.

Action

Action as I said be careful the volume is thin. Just got a bit heavier and most of the futures were to the sell side.

Be careful

Be careful the S&P Futures are training very thin, that means most of the big guys are not active, easy to swing one way or the other if a big play comes in with an order.

Digestion

Looking for a digestion day today so I don't expect much to happen. Right now it is very easy to say the market has shift to a downward bias but I would wait for confirmation and since we have none so far I am still holding a few longs with minimum risk. One of the main reason I am against a full downward trend here is that I still have some time cycles saying April or June should be a cycle high in the market so that makes me overly cautious on the downside than more than a trade.
We will see as the digestion take effect.