Overnight Roundup Fri 08-21-09

Spy Pivot at 10075
ES Range 1011 to 997 currently trading at 1010 area
Gold and Oil is ...up
Euro stks are ....up
News Tape is bullish
Us dollar is Down
Euro is up

Spy will open above pivot even to up from yesterday close.
Bernanke is talking at 10 am est
wait to trade until AFTER the Bernanki comments
if he mentions raising interest rates that could tank the markets.

My plan is to Buy Spy at 10075 down to 10000 and exit 10200

New On the Radar is ...... SIRI..........is going to be an Apple App ......this is a screaming BUY for a trade or long term investment.