Looking to get long this market around DOW 10200 or SPY $108.95. This would be for a small gain before reloading on shorts around 10,400 DOW or slightly higher. Would look at put/call ratios and small trader investor sentiment before reentering shorts.
What if this Greece thing blows over similar to Dubai and we get a rally, then right after the first of the year we have another event that strikes a sell off. We would have no January effect to look forward to. Higher taxes in 2010. Dollar possibly rallying with higher interest rates on the horizon. Could be a great shorting opportunity.
I am looking really close at VLO. The crack spreads for refiners are getting a lot better and these guys have been down for sooooo long. Currently i am looking to get into VLO on any weakness.
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