On better than expected new home sales, durable goods orders, and a convincing breakthru of S&P resistance levels. Lets see if I'm right. (could resist after all these 'i have a feeling this is the top' posts) Oh... and I forget... Goog will be only up +1.00-2.00 points.
Yep, its all rigged to the upside, all news is still good news. I am waiting to see if this China riff starts to put a damper on this rally. The market will let me know if its tired and wants to lay down. The market is my friend.
According to the ST Almanac tomorrow is a high % bullish day and there didn't seem to be a lot of conviction as far as selling in to the close goes so I agree unless asia has a wobble overnight we resume the ramp up tomorrow with a vengeance.
Alright... I was right about reports and goog, completely wrong about everything else. Bought some QQQQ calls about 2/3rds way down from the top For recap: I would've NEVER thought the NASDAQ would be down 40+ pts and GOOG ends up. And NO WAY AMZN ends up. Want some more craziness? RBOB crack spread sold off dramatically the past few days, and VLO/TSO were up yesterday. Now today? Crack spread buys back aggressively, and the refiners are down big. NUTS. NQs looking like the best buy of the lot. Held 2/27 support. Yes we're back to 2/27 levels on the Jun contract.