Huge volume on Friday to complete Option Expiry. The suggested pivot 754 was close to the bottom of the selling pressure Friday and as we all know there reversal came hard and fast. I would use at this time any weakness tomorrow to get long. A suggested safer more bang for your buck strategy might be to use the NASDAQ futures ( NQ) instead of the S&P 500 Emini's as tech I believe is some what aside from the financial pressure will be an out performer going forward. Same strategy on buying any weakness tomorrow morning on a possible little bit of option expiry hang over. Good luck and trade well.
Sunday, February 22, 2009
Monday... Buy Weakness!
Huge volume on Friday to complete Option Expiry. The suggested pivot 754 was close to the bottom of the selling pressure Friday and as we all know there reversal came hard and fast. I would use at this time any weakness tomorrow to get long. A suggested safer more bang for your buck strategy might be to use the NASDAQ futures ( NQ) instead of the S&P 500 Emini's as tech I believe is some what aside from the financial pressure will be an out performer going forward. Same strategy on buying any weakness tomorrow morning on a possible little bit of option expiry hang over. Good luck and trade well.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment