Unique swing trading signals and stock market commentary.
Friday, June 10, 2011
We are very close to Buy #2 today, but it's not going to happen. Signal is a hold. I'm still sitting in about 50% cash and I'm anxious to put my money to work. I am expecting a good bounce next week into opex. This last hour will be pretty important. If we continue to melt up, it will make for a relatively bullish candlestick on the daily chart. Otherwise it's another big red candle perhaps indicating more downside early next week. That's it for now. Have a good weekend.