Short SNDK, and picked up a small long position in Lehman brothers (leh) yesterday..Only time will tell if that was a good choice.
Opps....yen carry trade is unwinding as we speak....nikkei down already in today's session....as is the ASX. Next two days will be very telling. The bull's (Kudlow & Cramer & CNBC) already sucked into dead cat bounce.
these were nice swing trades on the long side... wonder if this upmove will get faded or get bought tommorow.. It looks identical to Tuesday's, and despite lack of conviction on Weds, at least the market didn't -really- sell off. Asian markets guide everyone down, as well as up. It all hinges on the JPY....
The Asians as well as the Euros are way up...this one was with conviction guys. Will be a very interesting day...I think we'll see that lingering that happened yesterday turn into heavy buying today. It's all about crowds right now.
Should be a strong open here in the US. Futures are up nicely. Whether the markets hold -- as was the case on Tuesday -- will determine just how bullish the bulls remain...
sp bounced off 1374.07 low, currently 1402.85. I'm thinking at most 50% fib retracement to about 1418 before rollover. Either that or we're rolling over now.