Tuesday, December 22, 2009
Mad Scramble
Today is probably the final day where there will be decent volume for the rest of the year. We might get another increase in volume around Dec. 30th and 31st. Those holding short dollar positions are making their final moves to get out. With the blatant options speculation ahead of Christmas, I can't picture much upside from these levels. I will be short heading into the open and expect weakness on the existing home sales data.
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2 comments:
Well I don't really agree with your outlook on the market recently but did you see this
SNS?
This thing is a monster for daytrading.
Oh yeah mkt cap half a billion, sales a little bit more than that. This is definitely a bubble.
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