We had another positive day in markets and bulls really are not letting this go away. I had mentioned that we are nearing some major resistances and I would look for weakness to short, but we never saw any weakness in markets. Infact I played today from long side, that is an another example of how a trader should throw away pre conceived biases and trade the market he got not what he wants.
After the close INTC looks like blew the numbers and is higher significantly after hours and dragging futures higher with it. Looks like we may have a signifcant decider move tomorrow either we close strong and kind of negate this correction we are having or we reverse big time and really setup a big top in markets. I am open for bothe scenarios and would not chase long side at open if we gap higher.
Sector wise with Intel news semis lead the advance followed by homebuilders while biotechs were laggard.
Follow me on twitter for real time trade updates.
www.twitter.com/sidshar
About Me
- Sid
- A techy at heart who tries to keep in sync with ever changing technical and business world. A producer, architect, developer, leader, all rounder, like to do what I really love- Technology
No comments:
Post a Comment