This weekend has the "spring forward" to Daylight Saving Time. Next week we have the FOMC. We had the big AAPL ipad announcement this week, and Greece default today and the markets seemed to shrug it off, and finish at resistance. The bears are salivating and the bulls are buying every silly dip.
Friday, March 9, 2012
Friday afternoon thread
Gatordave said he was going to the Worden seminar today ... asking for fashion advice yesterday ... missing yet another market melt-up
Friday morning
QIHU: IPO April 2011. Chinese operator of software distribution websites and services developer, and anti-virus software. Trades several million shares per day. Active enough options chain. You might call the action since December an inverse head and shoulders pattern. Earnings were in Feb. If it were to pullback to the 20-ish area - testing that 200 day moving average - it might be worth a try. Pretty extended right now.