Tough day tomorrow. Retail numbers before the open and Feds later on. QQQQ has resistance not far above, but DIA has strong support at 107. There is just not much to play with so take your profits quickly. We might not get a real resumption of the rally until Christmas week. Sentiment is still quite bullish with large amount of calls purchased today at QQQQ 41 and 42. Seems like many traders betting for a fed rally. That never makes me particularly excited.
This entry was posted
on Monday, December 12, 2005 at 5:54 PM.
