Monday, July 16, 2012
Thoughts...
Looks like today was a small consolidation day after friday's huge move up...keeping it simple for the moment as I see upside targets of 1374-75 and possibly higher...but will wait to reassess the higher levels if and when we get to 1375! until then I will remain fully hedged against all open short positions and continue to remain net long with the few Long positions I have outstanding...MON had very nice surging follow-through day after friday's breakout so I may be looking to add to that position very soon...stay nimble and flexible and away from biases and let the charts tell you where things are headed...it remains best play too make money in this environment right now....
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