Tuesday, December 8, 2009

Weak Day is Due

We haven't had a weak day from open to close in ages.  I think we are due for one of those days.  This gap down feels like the real deal, and the market should sell off for most of the day.  Crude oil has been a laggard, and the euro is starting to crack against the dollar.  That brings down the weak dollar plays, which has been the support for this market.  I expect selling from the opening bell, with weakness for most of the day. 

1 comment:

Anonymous said...

Did you get short dawg?