Thursday, April 23, 2009

Laker Girls Thursday

Picture of Lakers Girls. Market seems to be biding time here, either struggling to break through or pausing to catch its breath. The week after options expiration can be weak, and next week we'll have end of month kicking in.

Couldn't blame anyone for bailing out for the Summer on a seasonal sell signal. But, staying put until the market decides whether it's going to make it or break it works for me, and that's what I'm going to do.

My official position in the Tickersense poll this weekend will change from bullish to bearish. Just in the short term, due to seasonality and the big run we've had. Not personally acting on that until the market decides in the days ahead.

Drawing a blank on what to write today, as I've been knee-deep in the hoopla at the office. So that's it!