Since the New Year, its been a string of strong closes and today was yet another one. With INTC and JPM earnings coming up on Thursday/Friday, we'll probably stay up with only minimal selling. I will welcome any small dip and be a voracious buyer. I am going to join the bull camp, and look to get long on 3 point dips. I will do that till Friday, at which point I will also consider the short side. It is just insanity to short right now. The market clearly wants to go higher. If we gap down tomorrow, I will buy aggressively.
Monday, January 11, 2010
Sunny Skies
Since the New Year, its been a string of strong closes and today was yet another one. With INTC and JPM earnings coming up on Thursday/Friday, we'll probably stay up with only minimal selling. I will welcome any small dip and be a voracious buyer. I am going to join the bull camp, and look to get long on 3 point dips. I will do that till Friday, at which point I will also consider the short side. It is just insanity to short right now. The market clearly wants to go higher. If we gap down tomorrow, I will buy aggressively.
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1 comment:
another scenario i considered is that earnings will lift the market to around 1175. it's what happened the last two quarters. Whatever happens I want to be flat by Wednesday. it's absolutely disgusting out there
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