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Thursday, June 4, 2009

Pre Market TAO 5-4-09 Thursday

The over night action looks to be bullish for the US Dollar.....the ECB voted to hold rates as is...
the S&P futures printed an overnite range of 938 - 923 .....retail store sales are mixed to down...
and continues jobs claims were down slightly 4000 ....which is minuscule in the big number of 624,ooo jobs ..... still less than Horrible .
We are observing the 2 day rule...after a big run up, a decline on the first day should continue the second day and turn back up late the afternoon on the second day or beginning of third day.....
looks like we get a gap up at open .....
I will sell spy up to 94.20 and exit 92.75....stops at94.50

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