Posted by manson805 on 1st of Jul 2009 at 09:52 am
While the SPX has resistance at 930 I'm really not seeing a
reason to get bearish just yet. What's your trigger? The financials
are the only area I'm seeing that's lagging or showing weakness but
even the IYF is picking up some from the open. Holiday weekend (low
volume usually = fairly large moves up without much resistance)
with big news out tomorrow. I'd say going short right now is a
risky venture.
The tick has yet to even reverse and the SPX has yet to even hit
930 and there's plenty of buying going on.
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short?
Last night's newsletter was in my opinion one of the ...
Posted by manson805 on 1st of Jul 2009 at 09:52 am
While the SPX has resistance at 930 I'm really not seeing a reason to get bearish just yet. What's your trigger? The financials are the only area I'm seeing that's lagging or showing weakness but even the IYF is picking up some from the open. Holiday weekend (low volume usually = fairly large moves up without much resistance) with big news out tomorrow. I'd say going short right now is a risky venture.
The tick has yet to even reverse and the SPX has yet to even hit 930 and there's plenty of buying going on.