The collision of global markets and social mood

Thursday, December 15, 2011

Oops, May Have Missed The Train

Futures are up over 1% this morning, and I have the nagging feeling that I didn't buy enough stuff yesterday when I went shopping. I tried some SPY calls and sold them. I tried some e-mini contracts and sold them. So I'm not happy seeing the market leaping higher. Yesterday's low was 1209.47, way above my target. This could be the run I've been so patiently waiting for.

If so, 1220 should be dusted off in short order. Then 1231.47. The target remains 1292.66 and possibly 1308.

If I've indeed missed the train, I will need to switch my strategy and be an aggressive buyer of pullbacks.

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