Friday, February 19, 2010

Fri Morning- Feb 19th - Update

Today is options expiration day. So no trading allowed, at least for the day. What is funny is that:
1) Gold doesn't seem to want to go down
2) The Dollar still needs to breakdown some currency, but doesn't appear to have the strength
3) Europe still hasn't decided on Greece
4) Market volume light on this run-up
5) Fed raising rates
6) Options expiration, with a boatload of puts going to expire

Monday will begin a clean slate. Expecting a sell off into the close (who wants to own something where Europe may derail it by bumbling the Greece crisis) and a big down Monday or Tuesday of next week. If not, well then...

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