I didnt fade the open but I opened a small short position on the SPY's at 12:30 when it broke back below 140 and covered it at 139.85 at 1:05 after it failed to get any selling behind it. Going to wait and see what it does arond the 140 level again.
Well... you didn't wake up this morning Because you didn't go to bed You were watching the whites of your eyes Turn red The calendar, on your wall, is ticking the days off The calendar on your wall is ticking the days off You've been reading some old letters You smile and think how much you've changed All the money in the world Couldn't bring back those days. You pull back the curtains, and the sun burns into your eyes, You watch a plane flying across a clear blue sky. THIS IS THE DAY -- Your life will surely change. THIS IS THE DAY -- Your life will surely change. You could've done anything -- if you'd wanted And all your friends and family think that you're lucky. But the side of you they'll never see Is when you're left alone with the memories That hold your life together like Glue
Amazing...it's like someone threw a ball into the night sky and it just stuck to something and stayed. Volume is highly suspicious.
Housing starts/permit data will be important. Also, leaks claim Bernanke will talk down the notion of bailing equities out.