Today's fade as a total gimme, it doesn't come much more gift wrapped then that. If only every day were that darn easy.
In meantime it appears that the Nuclear issues are calming down, Japan up 6% early. I think any real bump will set us up for a larger fall ultimately but it'll make a great trade to get there. On upside the obvious target is 1300 if we can get there. Let's see what shakes out and hopefully the indications of calm in Japan keep up.
More soon, stay tuned...short list totally rocking covering on gap down good move, but watch AAPL for key signs of when we really do crack. Tomorrow should be very very interesting...
Michael "Waxie" Parness