Monday, March 8, 2010

3/8 noon

Market opened up a little. Asia was closed during Friday's rally so played catch-up. Europe flat, Greece the only decent gainer. DJI testing support at 10,550.  If XMI breaks below 1164.20 I will add on a 1/4 position SDS.  XMI is currently 1167.
The DJI hit it's morning high at 9:35.  The S&P next at 9:41 and Composite much later at 11:10.  So, which is the engine and which is the caboose?  If XMI breaks support then the blue chips are running the show.

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