Wednesday, September 8, 2010

Expecting a Gap Up

The trading today bodes well for Thursday's trading.  There was never really much of an opportunity to get long, the market lifted off right from the open, and even with the bad Beige book report, the dip was quickly bought.  Only bad part is the low put call ratio, but that is probably why we are closing weak on the day.  The market is set up for a surprise gap up tomorrow and it should catch the traders off guard. 

1 comment:

Anonymous said...

I'm expecting a gap down.