Hey everyone, I am rested relaxed and ready to go this week. Now what is in store for us this week. Well it’s a toss up there is really nothing to bring us down, so we need to keep a mix of different positions and be light on our feet. I do expect at this point we might see 1150.75 before we see 1020.
Should we open up weak tonight we could trade down to 1075 area, but that doesn’t seem to be in the cards. On any weakness this week I will close I will close most spy puts unless I see major weakness. (which could happen) it’s all about the $ and if Ben and Company are to hint at a rate increase sooner than later, or even raise interest rates (although the probability of that is next to none) their language will be key! !Any strength in the dollar most likely will be weak for equities.
Personally I think we chop around till traders see what Ben & Company come up with this week.
Now here is a chart of where we are in the EUR/dollar as of now
on the buy side
FAST
GRMN
HMC
NVDA
on the sell side
DZZ
GAP
IEF
Plan on a Monday that is most likely a whole lotta nothing until the FOMC minutes are out
love peace



