4.01.2008

Noon Move


Back to the March 25 highs near 1360 on the SPX and don't be surprised to some selling at /near these levels. Question everyone has - does this last /is the bottom in? Going out on the limb here- NO IDEA- bad news could come back tomorrow from the Wrestlers wife- or somewhere else.


Commodity DBA- may be worth a dip near here as seems to be making a double/triple bottom near these levels.


USO also could be good here as it seems to have a floor near the $100 level on crude.


VIX down more than 11% and with the DJIA up 300+ I am not looking for many more points higher this week. I suspect we get some comments like "too far too soon/ financials still have lots of bad news"/etc etc.

2 Comments:

Blogger iv said...

but financials could have more bad news...lol

2:11 PM  
Blogger DAVID said...

and they will!!!

3:33 PM  

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