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Get your Short lists ready.

Remember this post on the SOX? The market is going to make higher highs from today and yesterdays actions in the coming days ahead. However, the easy money is made today and yesterday. I think we get another 4-5 days of nice up move, but it won’t be like yesterdays move so don’t get excited, but still play it. The VXO is signaling upmoves will not have it so easy.
In a week or more the NDX will have invalidated its Head and Shoulders pattern, the Dow will be double topping, and the SOX will just be retracing its slide.

We will probably have a steady decent sized slide for the summer. Maybe a May & July rally to throw off the idea of a big dump come September or October? I would definitely advocate buying within this summer slide and in the bottom that follows. These periods are probably going to turn into long term bottoms. However, this is more intermediate term and the point of this post was very short term. See how I jump back and forth? I can’t stay on topic.

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