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I owe my beloved old yellow lab Kobe a debt of gratitude this morning.
The old fella is in his 15th year here on Earth, and he hobbles around the best he can. Last night, at about 3:30 a.m., he was at the base of the stairs, and my wife woke me up to tell me to help him. So I went downstairs, let him out in the backyard in case he had any business to do (you know – faxes, memos, that kind of thing) and then gently guided him upstairs to sleep. (more…)
I’m not going to be saying much today as I’m not feeling well. Fortunately it’s Friday so I may well call it a day early today and go back to bed. If I trade at all today I’m going to be relying on the rest of the intraday trading team in the Princeton Trader trading room to do my thinking for me.
SPX closed 4.5 handles under the upper bollinger band yesterday. This doesn’t mean that the upper band ride has ended but it’s important that the upper band at least be tested today and that support at yesterday’s low at 1882.65 be respected today. If SPX has a strong day then I will be expecting the upper band to close today in the 1896-1900 range. SPX daily chart: (more…)
