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Well the Nikkei 225 has closed down -750.15
points and the futures have traded slightly lower.
I hope we see a re-test of Thursdays lows which is
down only 80 or so points and then back up to end
up in positive territory.
Of course I have selfish reasons - that way I can
cover my shorts for a better gain in the morning.
The good news about Intel and Dell might help the
tech sector but it is also Friday. This would mean
any gains on the long side could get trimmed in
the last hour as traders may not want to hold a
position over the weekend.
In the morning look to see were the futures are
trading and look to see where the 30 year treasury
is trading. If they are buying bonds and the
futures are down look for a sell off in the
morning and possible lookout below at the end of
the day. Particularly if market breadth is poor
and Dell and Intel are helping to hold up the
market.
Well time to take a shower and then to bed. It is
late and tomorrow is going to be a pain since I am
tired. I usually don't make good decisions and I
am slow at the trigger when I am tired.
Have a good day all.
Harley
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