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Wednesday, 12/01/2010 9:52:25 AM

Wednesday, December 01, 2010 9:52:25 AM

Post# of 8308
Last time, I said that I was looking for a rally for the first, and we're up big this morning. Momentum is still negative, but we're still on that ISEE ST Buy. The technicals are not at all Bullish for the market. It's hard to argue with seasonality, though. We know that they like to rally the market on the first day of the month. Sentiment is interesting here. I see some smart money Buying Puts, and some dumber money paying up for calls, but the OEX smart money is strongly looking for a rally today. I have to think that at least some of the strength holds today. I'd not be surprised by some considerable chop into Friday, however.


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