Well, there are positions being made by some to go long from here as the S&P stayed above 800.
The bad news on Friday will dictate whether we stay abouve 800.
Despite the closing rally, my new position HTX Dec 12.5 puts all went green today.
BIDU will likely bounce up from here... FXI didnt fall with BIDU and neither will it rally with it. So, i continue to hold FXI puts. Today, i had a chance to take a small profit. But Friday data is worth the wait or weight. And its weight might be... and yes that is a play on words... will be worth the wait. anyway... forget it...
Gio mentioned the mythical 'Sysyphus'. A guy who has to push a big boulder up a mountain. Well, today he was able to push it up enough to get past where he started today (market closed green). But tomorrows follow through will start green with bulls coming in... and then reality will set in... the big reality comes Friday...
So, i await Friday... and I cant wait to get past Tonight (my real job)... no long shifts the rest of the week.
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