Market is churning...

that was the pullback, hope you all got long.

 

and it started out such a nice day!

 

Looks like i nailed the low on those options... market ist till churning and burning.. very boring tape...

 

HA! advance/decline just went positive

 

I covered the rest of options @ .55 and went into complete cash in portfolio...

 

am beginning to agree with you, Trendfader.

much more of that churning/U turn business and this rally is over.

 

so what is going on...i cant tell if the amrket cant sustain a short rally or it cant sustain its downward momentum...very confused.

 

I'm thinking we might actually have a real pullback over the next week or so. BUT only if the CPI, oil inventories, etc. are not super bullish numbers.

Nothing crazy, just back to the 20 day moving average on the major indices. We're a bit overbought here.

 

A new 4.5 year closing high in the SPX today.
1248.27

Five consecutive weeks up for the NAZ.
Four consecutive weeks up for the SPX.

 

really? what's your point? you think people on elitetrader don't know where the indices closed? how lithiumed up are you?

calling al-zarqawi and his masked buddies: please goto lithium capital's studio apt. in san fran. he would like to invite you over for a "knife sharpening" party.