Monday, August 3, 2009

S&P 1000 - dollar wacked

Well, as I expected the rally in the S&P is looking to squeeze up to 1000 or higher here. A part of this is being driven by the dollar dropping. The commodities are working today as well. Sorry for the limited posting lately, but I have been out of town quite a bit.

Where will the rally stop - seems like there may be some more squeeze power left from where I sit, but a lot of shorts will line up at S&P 1000 that is for sure.

No comments:

Post a Comment

None of my content is a recommendation to buy or sell any securities.

Please do your own research or consult an advisor before making any investments.