Tuesday, June 8, 2010

Daily Reflection: 06.08

A short hiatus, but we're back. Looking at a chart of the SPY, we produced a nice little double bottom with stronger volume. To keep it short and sweet, we are looking for a bounce up to 1075 on the S&P500 and then a decline down to our original target $1005.

LVS and UAUA are setting up as nice longs this week. Next week is options expiry so we are looking to July for options. LVS 21 call, and UAUA 19 call.

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