Wednesday, February 18, 2009

Hotel California

Markets making a digestion day. Hopefully we can keep the bad news in our stomachs and get an expiration Wednesday pop. Charts look like garbage, need a close above 798 on the 10 min SPX to make anything look good. Large gap 818-826 good target for bulls this week.

Large cap growth (tech) looking mahvalous. Time to play the QQQQ's here as they are the best of the breed out there. For a trade it looks like $1 up with a .30 stop.

Stay cool.

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