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Well I'm awful glad I pulled some profits out yesterday, because
we got stopped on CLF and FCX this morning. Granted we sold them
just ahead of flat, so they didn't go red on us, but it really
stinks seeing something like CLF
That open stunk, and got stinkier.
We were pretty flat, and fading off a bit from the open. Okay, no
big deal. Because of new home sales coming up at 10 am, they were a
bit paranoid and were getting real defensive.
Well it's a decent day, after this morning's dip and rip..
The question is.. will it hold? I think it will folks, but I also
think that each day we move up, we're stretching the rubber band.
So, caution is indeed
Watch the SPY over 110.32.. it could go well
Things are moving waay too fast. As I said earlier I thought they
might have one last pop in this market, as they suck in people over
the weekend... So, we
Okay, a decent day working... but I don't want to push my luck.
So, I lightened up some more and took some profits
I sold 1000 SPY at 108.10.. About a buck and a half to the good
and I have