It was another great day for the bulls on Thursday. After showing some weakness early, stock prices rebounded and forged higher throughout the session to close at the best levels of the day. Five straight days of gains for the SPX cash now and a new high was made as well. With just 10 points to our next target, it appears the bulls are not done yet. Friday we could see a pullback day as we are due but even if we do, I would look for that as an opportunity to buy on the dip. Unless it’s a large engulfing type of session, I am more than likely looking for higher prices next week.
I'm looking to enter Call SPY/DIA/QQQQ on Sept/Oct Options.
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Friday, September 11, 2009
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