Thursday, July 8, 2010

Not too exciting

We got  a gap, a little weakness backing off the gap and really nothing too exciting except there's 1 indicator-4C that is looking bad on the 1 minute. This indy has proven very effective in the past, but it's alone right now at least in the severity of it's decline. We are close to the upper limit of the gap, our high was within cents of filling it all so it's not hard to imagine a decline sometime today or at least a stagnation. We'll see what the later readings reveal, but I think it is safe to start phasing into some of the recent equity shorts listed recently a little at a time.

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