PRE MARKET LOOK

One thing that one notices after trading for many years, markets go up a lot higher than one thinks possible and markets go down further than one thinks possible. That is why the most important aspect of trading is discipline and safeguarding capital. Everyone has screwups but the trick is keeping them to a minimum. This morning pop may cause many a bear to cover shorts as some of the highs from May could get taken out. The high was 1327 on the SPX on May 9.