The bulls did it and closed OEX above 670, in fact OEX is closing at its highest level since 2001. I warned not to argue with price and I hope you did not waste your time shorting this today, although YM 50% projection last week at 12785 seems to be holding as resistance as is ES 100% retrace (1477.75). There should be some nervousness overnight.
Money will be going to high beta stocks such as techs on the Yen carry trade, so your NQ/NDX/QQQ/SMH trades depend on the Yen not catching a bid.
CPI and Housing Starts at 8:30 will be critical.
Money will be going to high beta stocks such as techs on the Yen carry trade, so your NQ/NDX/QQQ/SMH trades depend on the Yen not catching a bid.
CPI and Housing Starts at 8:30 will be critical.
This entry was posted
on Monday, April 16, 2007 at 4/16/2007 03:59:00 PM.
You can skip to the end and leave a response.
» Post a Comment