Market Summary
The indices were up again today for the third day in a row. The Q's were finally able to post a close above the 44.75 level. It looks like the NASDAQ wants to test the year high.
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3 comments:
MSFT down AH on CEO's comments, think it will bring the the Q's and end up being yet another head fake and continue to move back down?
I'm not getting involved. Shorting hasn't been working. If the Nasdaq does eventually break down I can always short the first pullback but that hasn't happened yet. The Q's are in a trading range so I'm going to leave them alone for now. Tomorrow is also option expiration so things will be volatile and tricky tomorrow.
I think the Feb Options will pin it closer to $45 than $44 by the close. MSFT will weigh on the index.
-Thompson
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