Monday, February 28, 2011

Comments and outlook for 03-01

Well, it was another day of "guess the open".  We popped at the open (not in my projection), drifted down (which was my projection) and closed with a move up.  I guess you could say the bias for most of the day was down (except the open and close).  So partially right, but not a great call.

My "guess the open" for tomorrow - is open higher.  The bias for the day should be up and we probably break above 1330 on S&P and close near the day's high.

GL traders.  Do your own analysis.

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