InvestorsHub Logo
Followers 13
Posts 2748
Boards Moderated 0
Alias Born 01/25/2006

Re: None

Thursday, 12/09/2010 10:12:14 AM

Thursday, December 09, 2010 10:12:14 AM

Post# of 8308
Last time, I said that the odds strongly favored more weakness yesterday and perhaps even today. Well, we got a little weakness and a come-back. We were up big in GLOBEX, but gave some of that back too, today. The VIX is still so low that it is reasonable to look for some selling. The $-weighted options still show some folks paying up for calls. The market's momentum is still down, but it has not confirmed. The real rub for the Bears is the big drop at ISEE into Buy territory. That's a ST Buy too. I will take Sells and Buys in here. There's risk to this market, but short term, it's hard to be too Bearish. The market is resilient. Short resistance, and buy good support.


.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.