No trade day

Today is a no trade day for me as it is quadruple witching.
Market looking higher but we could form a lower high which would set up a trade able short at those resistance levels.

Overnight

So it is 11:40 PM and the futures are much higher. Someone asked me today why do you think we will go higher if I am such long term bear? Well for one, any time we are trading above the 200EMA I have a long bias, while if we are below I have a short bias. So presently we are above the 200EMA so I am not bearish till be break that line in the sand, that's how I analyze stuff in the medium term.
Secondly I still have some higher time projections coming in April and June so I have to respect those projections, so till be are below that 200EMA and past those time projections I have to believe we are in buy the dips mode.

We will see soon enough.

Got to love it

Bought some futures yesterday @ 1260. Still in. taking 1/2 off and riding the rest -

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.