11-24-09

Some thoughts:

China sold off hard last night. I stayed up late watching the action. They were down 3.3%

Put/call ration was .5 yesterday. So that is 2 to 1 calls. This is a bearish indicator

We broke out to a new high on the DOW and no other index made a new high

Oil went down as the dollar tanked

Gold made a new high then sold off in the last 5 minutes 1%

Bonds rallied into the close and made new highs in after hours

Right now the futures are up. This could be a nice shorting opportunity. Everyone is waiting on the GDP revision. We have that coming out at 8:30am. After this we have employment numbers coming out on wednesday.