1900 Level

She opened up slightly below 1900 today. This causes me to believe that we’re going to drop to around the 1850 level before another up turn.

But, she’s behaving a little tricky today. During the noon hour she took an upward turn, and, surprisingly my Marathon position is up despite the news of oil going down.

I’m still watching for a drop down to around 1850, where I may pick up some leveraged index ETFs for another run up.

Unlike last week, I’m not feeling an intense vibe from the market. She’s dancing between a couple  of levels that make sense to me, which, of course means that either direction is an understandable move. It will become interesting again when the S&P nears 1850 or 1950.


Author: cinkyblog

I am me.