Futures show oil still on a bid, now above 55. I see little reason for stocks to rally with conviction tomorrow and bounces will most likely be sold. Target remains YM monthly pivot at 10375, 100 points further down. I would go long there, especially ahead of Intel's update on Thursday. Shorts should cover in front of that. Intel has disbelievers but I am not one of them.
This entry was posted
on Sunday, June 05, 2005 at 4:55 PM.
