Friday, August 21, 2009

More of the same

Late last night I was up and saw the nasdaq futures down about 10 bucks - I bought in half of my short - I literally could not believe my eyes this morning to see them up 6.75. This mornings opening sets the closing price for Aug S&P and other index options, so do with that what you will.
The strength to the bid in this market continues to astound this guy. I think we have existing home sales report at 10am that should be the next data point for the bulls to pounce on....forget about the jobs report - jobs dont matter.

more later

JB

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