Thursday, December 9, 2010

Morning update

Cumulative ticks are trending solidly negative right now. Other internals are all weakening suggesting lower prices. Probably will be a range trading day today. I'm not expecting a breakout but you never know. With end of year window dressing I still think this market will be bought at lower levels. Volatility is coming in a bit too. Exited the ES trade earlier today at 1235 for 15 point winner. (Now if only everyday was like that!!). Still holding onto the GOOG and OEX trade.

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