What a weird day. I came in short ES, short Bonds and long Cotton. After sitting tight through all that volitility this morning my money is virtually flat except for a nice scalp from the short side in Bonds (wish I'd stayed with the extra sales!!).
im just going to play devils advocate here.. there are hammers everywhere on just about all the indices. when they happen at the top of a rally thats usually not a good sign for the following day . I think we're going down this week... not a new low or anything...but we'll test the 50% fib before resuming this ridiculous rally ::qualifier:: Im not a perma bear.. I rode that nice bull run last year but I just cant shake the feeling that we need one more downleg before resuming the bull run.
its the last week, window dressing is taking place and they need to show that this market is doing fine when it comes to the ending quarter statements.
I should have bought FCX, before Cramer mentioned it last Friday. He who hesitates, gets their pick taken up 3% in one day by massive herds of sheep.
ahhhahaha that and MOV said FCX should go to 100. The massive herds of sheep still follow his every move.