Crazy trend up day after they pushed it down to the 26-27 level pre-market. Took the MACD momo at 9:00am and exited for 4 points as per plan. (woulda, shoulda, coulda held, of course). Waited for any pullback and only one was at 3:20pm where another 2+ points were captured.
This market is relentless and buyers are waiting for any pullback, even if they appear severe, like in the case of the 100 pt drop on Friday. IBM earnings out after close. Look good but initial selling on news.
The grand-daddy of them all, Goldman Sachs, out with earnings on Thurs. morning.
Trades for Today
09:04am 1130.75 +4.00
03:21pm 1144.25 +2.75
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