Tuesday, 8 May 2012

10am update - looking for 1340/50..today

Underlying market weakness continues. Primary target remains 1340.


Sp'60min



VIX'60min


Summary

Holding to earlier notes, looking for an exit from short position near end today. I 'hope' for 1340..although anything under 1350 would merit a good exit for the bears I'd argue.