Monday, May 4, 2009

Stock Market Commentary

Good Morning.

I still believe we will see a pullback to the low S&P 820's. Major earnings releases are done. This could lead to some profit taking. I am looking for some confirmation before I add more bearish positions.

The SRS trade is working well. Keep in mind, this is a bearish trade. If your option reaches $.25 this week, bail out and take your GAINS!!!

I will keep you posted on trading ideas during the week.

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