Sunday, June 13, 2010

New week, not same old, same old of recent market activity...perhaps

We're almost a sure thing to see 1100s here on the S & P, the Euro should continue to bounce, with some headline risk, and Natural Gas remains my favorite play by far. Tech looks solid here for a potentially explosive move HIGHER baring bad headline risk that would jeopordize. Yes, if anything I am bullish near term. Tough to be overly bullish or bearish with all the headlines out there, but I think pullbacks are buyable until further notice and breakouts are certainly playable and should remain so. We'll see soon housing purchase #s post-tax break. If those #s are not absolutely abysmal we should get a very nice rally. If they are, well, then potential fly in the soup...Office space should be open shortly, if you have an interest to come to NYC and study live with myself and Scott please email me directly;

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More this week for sure, headed off to dreamland, watch 1100, folks, once we hit it it'll be interesting to see if it stops us, or if I am right and we are buyable here...


See ya on the other side,

Michael "Waxie" Parness

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