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Joined Apr 1, 2010
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Checking Out the Action


The market is off and running and those knocks on the door that I discussed last night turned out to be the bulls pushing through resistance. We still have a lot of trading left to do on an options expiration Friday, but so far the bulls are dominating the action. I am seeing squeezes all over the place, and stocks that were in limbo are starting to resolve higher. On a weekly basis, if the bulls can close above 1230 on the S&P 500 I think it will be a huge advantage for them headed into next week.

To my eye, the retail/consumer discretionary and financials are the most impressive sector. If the session progresses today without a major fade, I am looking to add more exposure there.

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