NOTHING BUT SET UPS

Chances are high here that the market might pullback or trade sideways, we had a  2 week 5% bounce  across the board.  We had pocket of strength in some individual stocks, but besides that, in my opinion it was lackluster. Keep an eye on the $JJC (back below the 50day).  The ISEE equity only call to put ratio closed at 292, that is almost 3 calls that were bought per 1 put contract–(giddy up)…Volume on the NYSE has been decreasing everyday since 3/21/2011…What this all means is that, should’ve been aggressive when the market was down 7% in a week and everyone was bearish, now it’s a little tougher.  What I will be looking for is how the $SPX and $RUT behave around 1300 for the spx and 800 for rut.  HERE ARE SOME STOCKS TO KEEP AN EYE ON:


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.


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