Monday, March 1, 2010

All Technical Resistance Cleared; Off to the Races

I am buying a good bit of index calls (March SPY 112s) since all resistance levels have now been cleared, simple moving average or otherwise.  A glorious "Pied Piper" morning where SPY futures buying has led the algorithms to jump in - textbook in nature.

S&P 1109 will now be the floor as a stop loss area, otherwise buy at will.  The computers are here ....

p.s. also closed out the residual smallish short TNA (ETF) I had remaining from Friday

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