Friday, March 12, 2010

Market Feels Heavy Today

I can't put a finger on it, but the euphoria that we saw with the retail sales number contrasting with opening range breakdown from those higher levels smells like a selloff is right around the corner.  I am looking for us to test 1139 and we'll probably save the real damage with a gap down on Monday.  But I am sticking with the short side today.  It looks like it wants to breakdown intraday.

1 comment:

Anonymous said...

LONG MORE DRV @ 9.85

OD