Friday, March 4, 2011

Early Consolidation

Job report came around consensus but it looks like oil is pressuring the market a bit.  I would not be short this market today.  We washed out the weak hands on Tuesday and its likely headed to higher ground before we get another whack.  Yesterday, the market was up big but the put call ratios were not as low as one would expect.  There is still that wall of worry that this market is easily climbing.  Expecting any early dips to be buying opportunities.  We should grind after the first hour.

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