Wednesday, June 10, 2009

Futures Catching a bid early. Can we hold above 950?

By Sell Puts 6/10/2009 05:10:00 AM

Futures looking up quite a bit here in the AM. We are at key levels here. Will we push past resistance or gap up then trade back down to flat? Im not sure exactly whats pushing us up, could be Asia making fresh 8 month highs, could be Chrysler.. I really couldn't careless about Asia, they follow us anyway. REMEMBER the wizard behind the curtain will buy up the market on ANYTHING. The window dressing is going to disappear in July beginning july 1, so ride the train. THe funds are buying up all the out performers so they look smart at the end of the quarter(they are gonna need it later). Then they sell the overbought crap and buy the under performers from quarter 2. So Stay long through June short the dollar, long equities, long oil.. but not gold. Get into DIG, RIG, OIH, UDN for a quick trade if you dare.


ASLO: The FED had been supoened, wouldnt that be a negative thing?

BTW.. CNBC's morning show Squawk box gets worse by the day.

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