5.22.2006

TO THE POINT


I didn't mention the Pivot Points this morning but the SPY pivot support is 126.1 and the pivot point is 126.8. I bring it up because the SPY bounced right at support this morning. The 200 day SMA is under the 126 level at around 125.8 so interesting watching for now. My strategy is going to be to sell any bounce that over the 200 day SMA and go from there.