Well we are in breakout city now aren’t we? All the major indices broke to the upside and the new highs will now become crucial pivot / support areas. Bernanke says things are peachy and getting better, cash for clunkers is a government masterpiece (heavy sarcasm), and even though the jobs numbers continue to fall, things are much better (we will likely see a little pop in the jobs # due to GM hiring back workers). Well I plan to play these up moves, but cautiously, and I believe, along with many savy traders, that the emperor wears no clothes. But the market will do what the market will do and our job is to trade it. That is why you have seen me adding more upside trades over the last few weeks. I think Tuesday’s consumer confidence and Friday’s personal spending numbers could be market moving events. Please for you to enjoy:
briefing.com
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