Tuesday, June 15, 2010

Market view


As stated I am still bullish the markets for the very short term.

Charts indicating that we ran up a lot in the short term and MIGHT have a pullback, but the pullback should only make a higher low and would be new opportunity to buy. IF not a pullback its "buy" the breakout, as I think short term we are able to move higher.

The level to watch IF we get pullback is 1075 on SPX which should act as strong support. Upside remains still near 1150 in SPX, so still think we might go higher over the short run.
Still think the euro will run higher short term too, called the bottom 1.19 and looking for more.

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