Morning Thoughts on September 30, 2010

Joe PalauGeneral CommentsLeave a Comment

Good morning traders. Inside day yesterday is constructive for the bulls as the market is consolidating its previous run without giving gains back. I will be long the market over 115, waiting until it holds higher to really load up on the long side.  I will be watching XLF and OIH as market tells; we need to get some more sectors involved if the rally is really going to have some legs in it.

Follow me on twitter @JoeP_SMB

SPY

113.20

114.20

115.04

115.90 (Gapfill)

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