Morning Gang!
It looks like we are going to get a pop up open. We exited all our energy plays for nice profits yesterday and it looks like they are in rally mode this am. the second piece of SDS will be taken away this am on a gap down open. SRS second piece stop will be the only position we hold with a stop at 20.
The bulls are defending the 875 level with a vengence as well as the media. I would look for the action here ...if we go through 875 again I think there is no looking back as the pattern suggests a 820 810 target. I am in scalp mode now until we get a break up or down. Watching for an up open that does not hold. ORBs will give direction today.
Hit'em Hard!
Thursday, July 9, 2009
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