The force (manipulation) keeping this market up certainly is not the fundamentals. Thursday was an impressive (recovery) day after a gap down at the open.
I still see the trend as short as of the 2/26/10 close. I also think we’ll trade higher next week.
How high? Don’t know. We have been hedging our short position and will increase that hedge with a close above the 50 day using tight stops. I see gold as a buy again with a close above 1130-1135.
Long bonds provided the 10 year stays under 4%.
Will increase short exposure w/ a close below 1078 on the SPX.
Should be streaming radio with live charts over the net hopefully soon.
Manage your own money:
Follow me free for three weeks just using the SPY (long S&P) and SH (short S&P) at www.antiWallStreetGuy.com