Who knows but watch the 110 level on the SPY. It closed today at a strong 109.57 with very little headroom. The dollar has made all new lows for the year and sitting right on 75 support. Oil just trading sideways but look for any catalytic event to push it higher like a serious tropical storm in the Gulf. Could see a technical pullback and resume sideways trading. Still expecting the expected... will be watching to possibly add more to my positions if tomorrow is the start of pullback.
The financials which have been lagging the market are beginning to show life and of course there's the dollar carry trade favorite: commodities. Will gold continue to trade strongly? Will be watching the GLD as it approaches 110. Trying to add more to my TBT position but the sucker doesn't want to pull in.
Going to be watching AMZN & RIMM as day trading opportunities & watching my swings especially UDN, TBT, etc...
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