Replies to post #88939 on SPDR S&P 500 (SPY)

[Hook Line N Sinker]

Two

All depends how it is perceived. The sudden influx of $$$ from Cash for Clunkers could be read as a one time shot in the arm or spun to read that the economy is healing.
Ive been looking at a 60 min triangle on the Q's that is going to break one way of another, right about at 3:00 if they keep it range bound like this. How convenient lol. Ive heard that the #'s are going to be bad and things will fall apart but after what we have been seeing in 09 Im not so sure. I might open a straddle FWIW. Good luck.


HLNS