Noon update:
QQQQ is working hard at holding 38.87 (NQ 1586) and ES 1171.75. Bulls are obviously fighting for these levels. Resistance for ES is 1174 and 1177.
RIMM has reached my buy target (66/67), but stops need to be respected on a day like today, or just stay out altogether from any longs.
The VIX has reached weekly R2 at 40 (39.99). If short, you need to be aware of the mid-day bounce potential.
QQQQ is working hard at holding 38.87 (NQ 1586) and ES 1171.75. Bulls are obviously fighting for these levels. Resistance for ES is 1174 and 1177.
RIMM has reached my buy target (66/67), but stops need to be respected on a day like today, or just stay out altogether from any longs.
The VIX has reached weekly R2 at 40 (39.99). If short, you need to be aware of the mid-day bounce potential.
This entry was posted
on Monday, September 29, 2008 at 9/29/2008 11:55:00 AM.
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