Thursday, May 1, 2008

05.01.08 - Not a Bad Way...


...to start the month out. Everything but consumer staples, energy and metals are participating. Glad I lightened up on those after yesterday's pull back, but still have exposure. Cumulative Tick shows no sign of letting up at the mid-day.

1:05PM CST UPDATE: Why the fade? There are at least a handful of technical reasons. While I still think we could challenge SPY $143-144 in the not too distant future, this would rely on firming or at least placid economics. Don't forget about jobs tomorrow morning!

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