Some register ringing today with oil heading higher and that overheating PMI number. I did take some long exposure earlier but it appears I've gotten on the wrong side of this market once more and will get stopped out shortly on that trade. The only thing working for me is the precious metals. Need I say more?
From a vew outside of the intraday view, the test here today is of the breakout point on the SPX of 1239. If it holds, then you have the obvious thought of a push towards that 1250-1260 area still to come. Until we take out those targets I'll have to move cautiously on the short side as this bull is definitely hard to kill.
From a vew outside of the intraday view, the test here today is of the breakout point on the SPX of 1239. If it holds, then you have the obvious thought of a push towards that 1250-1260 area still to come. Until we take out those targets I'll have to move cautiously on the short side as this bull is definitely hard to kill.
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home