Asia probably was up on the hopes that this has all ended. A down day in NY is going to offer another down day tomorrow in Asia.
Guys, I told you!! Market is backed up !! Started cautious buy steady march towards next quarter. No More black days for atleast 3 months.. See ya after three months!!
Red of course. Let see we had awful news friday and the market went down 200 and then had a nice short covering rally. There aren't going to be any sustaining upward bids over 8600, after Friday's horrible jobs numbers. I think we go below 8k this week. Alot will depend on the auto bailout of course. If the bailout fails expect an even worse week. If there is a bailout we might get a minor one day rally but it should quickly get erased with all the volatility. So for monday, we go lower as longs take profits awaiting the auto bailout vote Tuesday which could fail.
No idea what RTH will bring, but right now, 9:07pm EST, I have gone short YM @8690, 1 only with a relatively wide stop @8720. Will have to wait and see how this plays into RTH, if it holds. Osorico