Friday, January 22, 2010
No Direction This Morning
Seems like the market is as indecisive as I am. The market has opened without any direction. It seems the best play here is to buy any advances that break above yesterday's close between $111.53 and $111.68 or to sell any break downs below the low of this morning's trading range at $111. Be careful going short though as there is plenty of support below $111.
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It was a tough market to play this morning as it was misleading and choppy, but if you went short at $111 this afternoon, you saw a nice move to the downside...
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