Today’s Market Action – You Call That a Bounce?

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Today’s Market Action – You Call That a Bounce?

Yesterday afternoon, we closed our short S&P 500 futures position after hours, on the expectation that some sort of bounce was developing in the near term. If that’s what you call a bounce – it was pretty pathetic! What a lame-ass bounce! We’ll see what type of follow through we get tomorrow and Friday.  That […]

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S&P 500 Support Holds at 1050 – For Now – Let’s Cover That Short

After gapping WAY down at the opening bell, the S&P (and other indices) rallied throughout the day, slowly but steadily climbing back to even on the day.  All-in-all a very respectable showing, as the first major test of support at 1050 for the S&P held. The S&P did set a new intraday low for 2010 […]

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