Thursday, July 23, 2009

WOW!


I wish I know what to say about today's trading. Anything could of course happen in the last hour but we've got equities breaking out all over. I truly don't know if this is a big breakout or a big head fake. I know this is a big move but I also know we're over bought. Volume has also not been heavy which is worrisome. We'll see what the last hour brings! Probability isn't always correct! {See yesterday's chart!}
*Long ETFs related to the S&P 500 for client and personal accounts.