Monday, December 14, 2009

Abu Dhabi News

Abu Dhabi's bailout of Dubai shot up the futures by 12 points overnight but since its been fading a bit.  Just as the Dubai news caused a selling panic, I think today's overnight action was a buying panic and we should trade lower in the 1st half of the US session.

5 comments:

Anonymous said...

There ain't shit to trade out there dawg.

Anonymous said...

Mkt seems dead.. I think half the traders are on vacation.

Market Owl said...

Never short a dull market. Options expiration week in December is usually bullish historically.

If you think this is dead, just wait till next week. It will be half this volume.

Anonymous said...

So with less volume and less traders, it will be easier to manipulate.

You see new highs this week? Where's the top. Looks like 1120 is going to be in reach.

Market Owl said...

I would play the range until it breaks. We're getting close to the top of the range. I would rather sell than buy here.