Update (2):
Overnight highs were sold, raise stops to lock in profits. You can always re-enter. Remember, NQ 1853.25 and 1858.25 are both levels that need to hold now. Oil is back above 140.
Note that the opening lows corresponded to TNX 4% (3.99). Bonds are still bidding, though, so be careful. Shorting here is an otion, but scalps only. SPX hit 1279, two points higher than the 1277 I was waiting for, but we are close to an important level, at least short term.
Overnight highs were sold, raise stops to lock in profits. You can always re-enter. Remember, NQ 1853.25 and 1858.25 are both levels that need to hold now. Oil is back above 140.
Note that the opening lows corresponded to TNX 4% (3.99). Bonds are still bidding, though, so be careful. Shorting here is an otion, but scalps only. SPX hit 1279, two points higher than the 1277 I was waiting for, but we are close to an important level, at least short term.
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on Friday, June 27, 2008 at 6/27/2008 10:10:00 AM.
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