Tuesday, June 2, 2009

11:00 update closing in on the sell entry

The was some bearish data on quotas and housing surprised to the upside which is bullish to the S+P for the most part but there has ben some debate on how this will effect  rates.
We saw 67.60 on the second pullback and now we are revisiting the tops from the last two days.
I am looking for the sell entry and I am trading back and forth all the while once sell entry is ignited I will change gears back to stop adjustment limiting risk but allowing for the point to point and a half move that has been expected today.





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